Our group structure
| (1) | Foreign voting rights are capped at 20% due to section 64 of the Electronic Communications Act No 36 of 2005 in South Africa and the group’s memorandum of incorporation (MOI). |
| (2) | Listed on Equity Express Securities Exchange (EESE) and owns 25% of MultiChoice South Africa. |
| (3) | The MultiChoice Group’s combined direct and indirect effective interest in MultiChoice South Africa is 76.8%, comprising a 75.0% direct stake, a 1.4% indirect stake via Phuthuma Nathi, and a 0.4% indirect stake via the consolidated Enterprise Development Trust. Phuthuma Nathi shareholders own the remaining 23.2%. |
| (4) | Post-year-end, we announced our intention to increase our stake in BetKing from 20% to 49% subject to conditions precedent. |