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

SHAREHOLDER INFORMATION 2. Ordinary resolution number 2: Election of directors appointed to the board during the year To approve the appointment of Calvo Mawela as an independent non-executive director. His brief biographical details are included in this integrated annual report. The board unanimously recommends that the appointment and election of the director in terms of resolution number 2 be approved by shareholders of the company. Each appointment will be done by a separate vote.. 3. Ordinary resolution number 3: Reappointment of independent auditor To reappoint, on the recommendation of the company’s audit committee, the firm PricewaterhouseCoopers Inc. as independent registered auditor of the company (noting that Alinah Motaung is the individual registered auditor of that firm who will undertake the audit) for the period until the next AGM of the company. 4. Ordinary resolution number 4: Appointment of audit committee members To appoint, on the recommendation of the board, Mandla Langa, Calvo Mawela and Clarissa Mack as audit committee members of the company as required in terms of the Act and recommended by King IV (principle 8). Their brief biographical details are included in this integrated annual report. The board is satisfied that the company’s audit committee members are suitably skilled and experienced independent non-executive directors. Collectively, they have sufficient qualifications and experience to fulfil their duties, as contemplated in regulation 42 of the Companies Regulations 2011. They have a comprehensive understanding of financial reporting, internal financial controls, risk management and governance processes in the company, as well as International Financial Reporting Standards (IFRS) and other regulations and guidelines applicable to the company. They keep up to date with developments affecting their required skills set. The appointment is to be conducted as a series of votes, each of which is on the candidacy of a single individual to fill a single vacancy, and in each vote to fill a vacancy, each voting right entitled to be exercised, may be exercised once. 5. Ordinary resolution number 5: Authorisation of distribution To authorise a distribution of 2 222.22 cents per share, in accordance with the recommendation of the board. Subject to shareholder approval the board approved a dividend of R1bn payable to its ordinary shareholders. The 127 Phuthuma Nathi Investments (RF) Limited integrated annual report 2019 NOTICE OF ANNUAL GENERAL MEETING continued