INTEGRATED ANNUAL REPORT FOR MULTICHOICE SOUTH AFRICA HOLDINGS (PTY) LTD AND PHUTHUMA NATHI INVESTMENTS (RF) LTD

107 Phuthuma Nathi Investments (RF) Limited integrated annual report 2019 FINANCIAL REVIEW FY2019 attendance Name Attendance M Langa 1/1 C Mack 1/1 P Goldhawk 1/1 Messrs Wessels and Mawela did not attend any meetings held in FY2019 as their appointments took place after the meeting held in FY2019 occurred. The external auditor, in her capacity as auditor to the company, attended and reported at the meeting of the audit committee. Relevant senior managers attended meetings by invitation. Confidential meetings Audit committee agendas provide for confidential meetings between members and the external auditor. Independence of external auditor During FY2019, the audit committee reviewed a representation by the external auditor and, after conducting its own review, confirmed the independence of the auditor. Expertise and experience of finance function The committee satisfied itself that the composition, experience and skills set of the finance function, outsourced to MultiChoice South Africa, met the company’s requirements. Discharge of responsibilities For the review period, the committee determined it had discharged its legal and other responsibilities as outlined by the Act. The board concurred with this assessment. Signed on behalf of the audit committee of the board M Langa Director 27 June 2019 REPORT OF THE AUDIT COMMITTEE continued for the year ended 31 March 2019