Disclosure of significant holding of MultiChoice ordinary shares 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") DISCLOSURE OF SIGNIFICANT HOLDING OF MULTICHOICE ORDINARY SHARES 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 MultiChoice are advised that MultiChoice has received formal notification, in terms of section 122(1) of the Act, that French media company Groupe Canal+ SA ("Canal+") has acquired an additional interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Canal+ now amounts to 35.01% of the Company's total ordinary shares in issue. As required in terms of section 122(3)(a) of the Act, MultiChoice has filed the required notice with the Takeover Regulation Panel ("TRP"). Further, as required in terms of section 122(3A) of the Act, MultiChoice has filed the required notice with the Companies and Intellectual Property Commission. MultiChoice has also requested the TRP to make a ruling as to whether a mandatory offer must be made to all holders of ordinary shares in the Company under section 123 of the Act. A further announcement will be released if there are further developments. 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 5 February 2024 Sponsor: Rand Merchant Bank (a division of FirstRand Bank Limited) 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. Date: 05-02-2024 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.