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MULTICHOICE GROUP LIMITED - Dealings in securities by MultiChoice Group Restricted Share Plan Trust

Release Date: 09/09/2020 17:00
Code(s): MCG     PDF:  
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Dealings in securities by MultiChoice Group Restricted Share Plan Trust

MULTICHOICE GROUP LIMITED
(Registration number: 2018/473845/06)
JSE Share Code: MCG
ISIN: ZAE000265971
(“MultiChoice” and/or “the Company”)

DEALINGS IN SECURITIES BY MULTICHOICE GROUP RESTRICTED SHARE PLAN TRUST

In compliance with the JSE Limited Listings Requirements, the following information relating to
dealings in securities by the MultiChoice Group Restricted Share Plan Trust is disclosed:

Trust (Transferee)                              :      MultiChoice Group Restricted Share Plan Trust
                                                       ("Share Trust")
Company (Transferor)                            :      MultiChoice Group Treasury Services Proprietary
                                                       Limited (TreasuryCo)
Date of transaction                             :      7 September 2020
Nature of transaction                           :      Off-market acquisition of treasury shares by the
                                                       Share Trust from TreasuryCo to enable the Share
                                                       Trust to comply with its obligations in terms of
                                                       the MultiChoice Group Restricted Share Plan.
Number of shares                                :      3 602 151 ordinary shares
Purchase price per share*                       :      R93.64
Total value of transaction                      :      R337 305 419.64
Clearance obtained                              :      Clearance has been obtained in terms of
                                                       paragraph 3.66 of the JSE Listings Requirements
Nature of interest                              :      Direct, beneficial

* Based on the closing price on 7 September 2020.

Randburg
9 September 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Important notice
Shareholders should take note that, pursuant to a provision of the MultiChoice memorandum of
incorporation, MultiChoice is permitted to reduce the voting rights of shares in MultiChoice
(including MultiChoice shares deposited in terms of the American Depositary Share ("ADS") facility)
so that the aggregate voting power of MultiChoice shares that are presumptively owned or held by
foreigners to South Africa (as envisaged in the MultiChoice memorandum of incorporation) will not
exceed 20% of the total voting power in MultiChoice. This is to ensure compliance with certain
statutory requirements applicable to South Africa. For this purpose, MultiChoice will presume in
particular that:
   •   all MultiChoice shares deposited in terms of the MultiChoice ADS facility are owned or held
       by foreigners to South Africa, regardless of the actual nationality of the MultiChoice ADS
       holder; and
   •   all shareholders with an address outside of South Africa on the register of MultiChoice will
       be deemed to be foreigners to South Africa, irrespective of their actual nationality or
       domicilium, unless such shareholder can provide proof, to the satisfaction of the
       MultiChoice board, that it should not be deemed to be a foreigner to South Africa, as
       envisaged in article 40.1.3 of the MultiChoice memorandum of incorporation.

Shareholders are referred to the provisions of the MultiChoice memorandum of incorporation
available at www.multichoice.com for further detail. If shareholders are in any doubt as to what
action to take, they should seek advice from their broker, attorney or other professional adviser.

Date: 09-09-2020 05:00:00
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