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

SHAREHOLDER INFORMATION NOTICE OF ANNUAL GENERAL MEETING continued Special resolutions 8. Special resolution number 1: General authority to repurchase shares in terms of section 48 of the Act To authorise the board, by way of a renewable general authority, to approve the acquisition of the company’s shares by the company or any subsidiary of the company, upon such terms as the board may determine, in each instance in terms of and subject to the MOI and the Act. The reason for and effect of special resolution number 1 is to grant the company and/or a subsidiary of the company a general authority in terms of the Companies Act to acquire the company’s shares. The directors record that although there is no immediate intention to effect a repurchase of the shares of the company, they will continually review the company’s position, having regard to prevailing circumstances and market conditions, in considering whether to effect any repurchases as contemplated in special resolution number 1. 9. Special resolution number 2: General authority to provide financial assistance in terms of sections 44 and 45 of the Act To authorise the board, by way of a renewable general authority, to approve the provision of direct or indirect financial assistance, including by way of a loan, guarantee, the provision of security or otherwise, to any of its present or future subsidiaries and/or any other company or entity that is or becomes related or interrelated to the company or any of its subsidiaries, and/or to any shareholder of such subsidiary or related or interrelated company or entity, all as contemplated in sections 44 and/or 45 of the Act, for such amounts and on such terms as the board may determine, in each instance in terms of and subject to the MOI and the Act. The reason for and effect of special resolution number 2 is to authorise the provision of financial assistance to the potential recipients as set out in the resolution for the purpose of facilitating the company’s normal commercial and financing activities within and among the company’s group of companies. This special resolution number 2 deliberately excludes from its scope any reference to ‘any person’ (as provided for in section 44 of the Act) and also excludes from its ambit ‘directors and officers’ (as provided for in section 45 of the Act). Ordinary resolution 10. Ordinary resolution number 6: Authorisation to implement resolutions To authorise each of the directors of the company to do all things, perform all acts and sign all documents necessary or desirable to effect the implementation of the ordinary and special resolutions adopted at this AGM. Other business To transact such other business as may be transacted at an AGM. By order of the board D M Dickson Company secretary 26 July 2019 122  MultiChoice South Africa Holdings Proprietary Limited integrated annual report 2019