INTEGRATED ANNUAL REPORT FOR MULTICHOICE SOUTH AFRICA HOLDINGS (PTY) LTD AND PHUTHUMA NATHI INVESTMENTS 2 (RF) LTD

SHAREHOLDER INFORMATION NOTICE OF ANNUAL GENERAL MEETING continued entitled, at the AGM of the company, to exercise one vote for each share that shareholder holds in Phuthuma Nathi 2. Identification of meeting participants Before any person may attend or participate in a shareholders’ meeting, that person must present reasonably satisfactory identification and the chair of the AGM must be reasonably satisfied that the right of that person to participate and/or vote, either as a shareholder or as a proxy for a shareholder, has been reasonably verified. Forms of identification include a valid South African identity document, a driver’s licence and passport. Electronic participation Shareholders entitled to attend and vote at the AGM or their proxies will be entitled to participate in the AGM (but not vote) by electronic communication. Should a shareholder wish to participate in the AGM electronically, the shareholder should advise the company by no later than 09:00 on Thursday 16 August 2019 by submitting via registered mail addressed to the company (for the attention of Donna Dickson, (the company secretary) that shareholder’s contact details, as well as full details of the shareholder’s title to securities issued by the company and proof of identity, in the form of certified copies of identity documents and written confirmation from the transfer secretary confirming the shareholder’s title to the shares. On receipt of the required information, the shareholder will be given a secure code and instructions to access electronic communication during the AGM. Shareholders must note that access to the electronic communication will be for their expense. Majority required for the adoption of resolutions Each ordinary resolution requires the support of a simple majority (that is, 50% plus one) of the total number of voting rights exercised on the resolution in order to be adopted. Each special resolution requires the support of at least 75% (that is, 75% or more) of the total number of voting rights exercised on the resolution in order to be adopted. The non-binding resolutions are of an advisory nature only and failure to pass these resolutions will therefore not have any legal consequences relating to the existing arrangements. Should 25% or more of the voting rights exercised on the resolution be cast against the resolution, the board of directors of the company (board) will undertake to engage with identified dissenting shareholders on the reasons for such dissent and to take appropriate action (as the board may determine in its discretion) to address issues raised, as envisaged in the King IV Code on Corporate Governance for South Africa 2016 (King IV). In accordance with the Act, votes recorded as abstentions are not taken into account for purposes of determining the final percentage of votes cast in favour of resolutions. 119 MultiChoice South Africa Holdings Proprietary Limited integrated annual report 2019