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

The following provisions shall apply in relation to proxies: 1. A shareholder of the company may appoint any individual (including one who is not a shareholder of the company) as a proxy to participate in, speak and vote at the AGM of the company. A shareholder may therefore insert the name of a proxy or the names of two alternative proxies of the shareholder’s choice in the space provided, with or without deleting “the chair of the company, or failing him/her, the chair of the AGM”. The person whose name is first on the form of proxy and who is present at the AGM will be entitled to act as proxy to the exclusion of those whose names follow. 2. A shareholder may appoint two or more persons concurrently as proxies and may appoint more than one proxy to exercise voting rights attached to different securities held by the shareholder. 3. A proxy instrument must be in writing, dated and signed by the shareholder. 4. A proxy may not delegate his/her authority to act on behalf of the shareholder to another person. 5. A copy of the instrument appointing a proxy must be delivered to the company, or to any other person on behalf of the company, before the proxy exercises any rights of the shareholder at the AGM. 6. Irrespective of the form of instrument used to appoint the proxy: (i) the appointment is suspended at any time and to the extent that the shareholder chooses to act directly and in person in exercising any rights as a shareholder; (ii) the appointment is revocable unless the proxy appointment expressly states otherwise; and (iii) if the appointment is revocable, a shareholder may revoke the proxy appointment by cancelling it in writing or making a later inconsistent appointment of a proxy and delivering a copy of the revocation instrument to the proxy and the company. 7. The proxy is entitled to exercise, or abstain from exercising, any voting right of the shareholder determined by the instrument appointing the proxy. 8. A shareholder’s instructions to the proxy must be indicated by inserting an ‘X’ in the appropriate box. 9. Every shareholder present in person or by proxy and entitled to vote, will on a show of hands have only one vote and, on a poll, every shareholder will have one vote for every share held. 10. Documentary evidence establishing the authority of the person signing this form of proxy in a representative capacity must be attached to this form unless previously recorded by the company or waived by the chair of the AGM. 11. Forms of proxy must be lodged with the transfer secretaries, Singular Services, a division of Singular Systems Proprietary Limited, 25 Scott Street, Waverley 2090 or PO Box 785261, Sandton 2146 or Phuthumanathi@singularservices.co.za , to reach them not less than forty-eight (48) hours before the AGM, that is by 11:00 on Monday 26 August 2019. Any proxies not received by this time must be handed in at the registration desks at MultiChoice City on Wednesday 28 August 2019 prior to the commencement of the AGM. 130  Phuthuma Nathi Investments (RF) Limited integrated annual report 2019 SHAREHOLDER INFORMATION NOTES TO THE FORM OF PROXY