MULTICHOICE GROUP LIMITED - Disclosure of Signific31 Jul 2025
Disclosure of Significant Holding by Clients of JP Morgan Chase & Co

MULTICHOICE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2018/473845/06)
JSE Share Code: MCG
ISIN: ZAE000265971
("MultiChoice" or "the Company" or "the Group")


DISCLOSURE OF SIGNIFICANT HOLDING BY CLIENTS OF JP MORGAN CHASE & CO ("JP Morgan")


In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), regulation 121(2)(b) of
the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements , holders
of ordinary shares in the Company are advised that the Company has received formal notification in terms
of section 122(1) of the Act that the clients of JP Morgan have, in aggregate, acquired an interest in the
ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held
by JP Morgan now amounts to 5.11% of the total issued ordinary shares of the Company.

As required in terms of section 122(3) (a) of the Act, MultiChoice has filed the required notice with the
Takeover Regulation Panel.

The board of directors of Multichoice accepts responsibility for the information contained in this
announcement as it relates to the Company and confirms that, to the best of its knowledge and belief,
such information relating to the Company is true and that this announcement does not omit anything
likely to affect the importance of such information.


Randburg
31 July 2025

Sponsor
Merchantec Capital


Important notice

Shareholders should take note that, pursuant to a provision of the MultiChoice memorandum of
incorporation, MultiChoice is permitted to reduce the voting rights of shares in MultiChoice (including
MultiChoice shares deposited in terms of the American Depositary Share ("ADS") facility) so that the
aggregate voting power of MultiChoice shares that are presumptively owned or held by foreigners to
South Africa (as envisaged in the MultiChoice memorandum of incorporation) will not exceed 20% of
the total voting power in MultiChoice. This is to ensure compliance with certain statutory
requirements applicable to South Africa. For this purpose, MultiChoice will presume in particular that:

   •   all MultiChoice shares deposited in terms of the MultiChoice ADS facility are owned or held by
       foreigners to South Africa, regardless of the actual nationality of the MultiChoice ADS holder;
       and

   •   all shareholders with an address outside of South Africa on the register of MultiChoice will be
       deemed to be foreigners to South Africa, irrespective of their actual nationality or domicilium,
       unless such shareholder can provide proof, to the satisfaction of the MultiChoice board, that it
       should not be deemed to be a foreigner to South Africa, as envisaged in article 40.1.3 of the
       MultiChoice memorandum of incorporation.

Shareholders are referred to the provisions of the MultiChoice memorandum of incorporation
available at www.multichoice.com for further detail. If shareholders are in any doubt as to what
action to take, they should seek advice from their broker, attorney or other professional adviser.

Shareholders are further referred to ruling issued by the Takeover Regulation Panel on 27 February
2024, which ruling deals with the MultiChoice memorandum of incorporation. Shareholders can access
the ruling on the Company's website at https://www.investors.multichoice.com/regulatory.php.

Date: 31-07-2025 02:15:00
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