MultiChoice Group (JSE:MCG) News - Dealing in securities by a director of a major subsidiary of the company and by the share appreciation rights plan

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")

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY AND BY THE
SHARE APPRECIATION RIGHTS PLAN

In compliance with the JSE Limited Listings Requirements, the following transactions are disclosed:

 Name of Director trading                         :      Tom de Vries
 Director of                                      :      MultiChoice Africa Holdings B.V.
                                                         (a major subsidiary of MultiChoice)
 Date of transaction                              :      29 June 2022
 Nature of transaction                            :      In terms of the Irdeto Holdings BV 2012 share
                                                         appreciation rights (SARs) plan, Tom de Vries was
                                                         awarded 562 SARs. The SARs awarded vested as
                                                         follows:

                                                             -   471 on 25 June 2022
                                                             -   91 on 28 June 2022

                                                         Tom de Vries exercised 562 SARs (vesting on the
                                                         above stated dates) in terms of the abovenamed
                                                         SARs plan and received 2 424 MultiChoice
                                                         ordinary shares in settlement of the gain
                                                         (determined by translating the gain on the SARs
                                                         at a US$85.10: R 16.01 exchange rate as at 28
                                                         June 2022 and based on the closing price of a
                                                         MultiChoice ordinary share on 28 June 2022
                                                         being R119.09). Tom de Vries then sold 2 424
                                                         MultiChoice ordinary shares on market.
 SAR award price                                  :      91 SARs at $43.24 and
                                                         471 SARs at $54.91
 SAR strike price                                 :      US$85.10
 SAR value gained                                 :      US$ 18 028.75 (ZAR 288 719.18)
 Volume weighted average purchase price per       :      R118.27
 share
 Highest selling price per share                  :      R118.27
 Lowest selling price per share                   :      R118.26
 Value of sale                                    :      R286 681.36
 Clearance obtained                               :      Clearance has been received in terms of
                                                         paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :      Direct, beneficial

 Name of share appreciation rights plan           :      Irdeto Holdings BV 2012 share appreciation rights
                                                         (SARs) plan
 Date of transaction                              :      29 June 2022
 Nature of transaction                            :      On-market purchase of ordinary shares
 Number of securities                             :      2 424
 Class of securities                              :      Ordinary shares
 Volume weighted average purchase price per       :      R118.27
 share
 Highest purchase price per share                 :      R118.27
 Lowest purchase price per share                  :      R118.26
 Value of purchase                                :      R286 681.36
 Clearance obtained                               :      Clearance has been received in terms of
                                                         paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :      Direct, non- beneficial

Randburg
29 June 2022

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: 29-06-2022 05:00:00
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