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

FINANCIAL REVIEW INDEPENDENT AUDITOR’S REPORT ON THE SUMMARY CONSOLIDATED FINANCIAL STATEMENTS continued Standards (IFRS) and the requirements of the Companies Act of South Africa as applicable to annual financial statements. Reading the summary consolidated financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited consolidated financial statements and the auditor’s report thereon. The audited consolidated financial statements and our report thereon We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 14 June 2019. Directors’ responsibility for the summary consolidated financial statements The directors are responsible for the preparation of the summary consolidated financial statements in accordance with IFRS and the requirements of the Companies Act of South Africa as applicable to summary financial statements. Auditor’s responsibility Our responsibility is to express an opinion on whether the summary consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements of MultiChoice South Africa Holdings Proprietary Limited based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements to Report on Summary Financial Statements . PricewaterhouseCoopers Inc. Director: B Humphreys Registered Auditor Johannesburg 14 June 2019 PricewaterhouseCoopers Inc., 4 Lisbon Lane, Waterfall City, Jukskei View, 2090 Private Bag X36, Sunninghill, 2157, South Africa T: +27 (0) 11 797 4000, F: +27 (0) 11 209 5800 , www.pwc.co.za Chief executive officer: T D Shango Management committee: S N Madikane, J S Masondo, P J Mothibe, C Richardson, F Tonelli, C Volschenk The company’s principal place of business is at 4 Lisbon Lane, Waterfall City, Jukskei View, where a list of directors’ names is available for inspection. Reg. no. 1998/012055/21, VAT reg. no. 4950174682 96  MultiChoice South Africa Holdings Proprietary Limited integrated annual report 2019