Integrated annual report to the shareholders of Phuthuma Nathi Investments (RF) Limited for the year ended 31 March 2020

Phuthuma Nathi shareholders own 25% of MultiChoice SA through the Phuthuma Nathi entity. This year, Phuthuma Nathi will receive ZAR1.5bn of the ZAR6.0bn dividend declared by MultiChoice SA . The MultiChoice SA and Phuthuma Nathi annual general meetings will be held virtually on 26 August 2020 . Scan the QR code to save the date Quick overview Understanding MultiChoice SA MultiChoice SA performance Corporate governance review Shareholder information Understanding Phuthuma Nathi Introduction Financial review Phuthuma Nathi Investments (RF) Limited integrated annual report 2020 1