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

Key global and local trends Our response w w Video-entertainment content, both paid and free, is proliferating, as are alternative demands on viewer attention (notably social networks and online and mobile gaming) w We continue to invest in the best local and international general entertainment and sport content on an exclusive and non-exclusive basis, including our own commissioned content and innovative formats w w Over-the-top (OTT) services are currently growing faster than traditional pay-TV services globally w We continue to enhance our world-class OTT services, DStv Now and Showmax, for our direct-to-home (DTH) and standalone OTT customers w w Content consumption patterns continue to evolve, including on-demand viewing versus linear and mobile streaming versus TV viewing w We continue to develop our product set to cater to shifting viewer needs, including our OTT services, connected Exploras, and Catch Up and BoxOffice services External landscape 9 MultiChoice South Africa Holdings Proprietary Limited integrated annual report 2019 WHO WE ARE