African Media Entertainment Limited
Registration number 1926/008797/06
JSE code: AME
ISIN Number: ZAE 000055802
("the company")

UNAUDITED INTERIM RESULTS
for the six months ended 30 September 2022

African Media Entertainment Limited, a broadcast company listed in the Media and Entertainment sector of the Johannesburg Stock Exchange,
with a radio footprint across central South Africa and the Eastern Cape, released its results for the six months ended 30 September 2022.

Revenue UP 11% at R128,4 million

Operating profit UP 22% to R14,6 million

Net profit before tax UP 38% to R20,5 million

Profit attributable to equity holders UP 49% to R11,6 million

Headline earnings UP 49% to R11,5 million

EPS UP 53% to 149,7 cents

HEPS UP 53% to 149,1 cents

Dividend UP 25% to 100,0 cents (Interim 2021: 80 cents gross)

During the period under review, the group was able to improve its performance in comparison to the comparative reporting period ended
30 September 2021 which was mainly driven by the recovery of advertising revenue post the COVID-19 pandemic.

For the period ending 30 September 2022, group revenue increased by 11% to R128,4 million from R116,0 million. As a result, operating profit
improved by 22% to R14,6 million from R12,0 million in September 2021. Based on the a continual recovery in performance in the current period,
an interim dividend of 100 cents per share was declared (Interim 2021: 80 cents gross).

This short-form announcement is the responsibility of the board of directors. The short-form announcement is only a summary of the information
in the full announcement released on SENS on 23 November 2022 and does not include full or complete details. The information contained in this
announcement has not been reviewed or reported on by the company's auditors. The full announcement can be found on the company's website at
www.ame.co.za and can also be accessed using the following JSE link: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/AME/AMEIR2022.pdf


Declaration of interim dividend No. 19

The board resolved to declare a dividend (dividend No. 19) of 100 cents per ordinary share (gross) for the interim period ended 30 September 2022.

The dividend is subject to the Dividends Withholding Tax ("DWT") that was introduced with effect from 1 April 2012.

In   accordance with the provisions of the JSE Listings Requirements the following additional information is disclosed:
-    the dividend has been declared out of current profits available for distribution;
-    the local Dividend Tax rate is 20%;
-    the gross dividend amount is 100 cents per ordinary share for shareholders exempt from DWT;
-    the net dividend amount is 80 cents per share for shareholders liable for DWT;
-    the company has 7 644 331 ordinary shares in issue; and
-    the company's income tax reference number is 9100/169/71/4.

The following dates are applicable to the dividend:
Last date to trade in order to be eligible for the dividend: Monday, 12 December 2022
Date trading commences ex-dividend: Tuesday, 13 December 2022
Record date: Thursday, 15 December 2022
Date of payment to shareholders: Monday, 19 December 2022 Share certificates may not be dematerialised/rematerialised between Tuesday,
13 December 2022 and Thursday, 15 December 2022, both days inclusive.

Copies of the full announcement may also be requested at the company's registered office, at no charge, during office hours.
Any investment decision should be based on the full announcement published on SENS and on the company's website.

The condensed unaudited consolidated interim financial statements for the six months ended 30 September 2022 have not been reviewed and reported on
by the company's external auditors, BDO South Africa Incorporated.

By order of the board

ACG Molusi                               AJ Isbister
Independent Non-executive Chairman       Financial director

23 November 2022

Directors
Non-executive directors:
ACG Molusi (Chairman)*
MA Da Costa*
J Edwards*
RCH Fedder
SN Ngobese*
MJ Prinsloo*
DS Qocha*
KW Thipe*
* independent

Executive directors:
DM Tiltmann (Chief Executive Officer)
AJ Isbister (Financial Director)
Company secretary
C Roberts CA(SA)
Registered office
Block A, Oxford Office Park
No. 5, 8th Street
Houghton Estate
Johannesburg, 2198
(PO. Box 3014, Houghton, 2041)
www.ame.co.za

Sponsor
AcaciaCap Advisors (Pty) Limited
Transfer secretary
Computershare Investor Services (Pty) Limited