Eligibility Performance measures Malus and clawback Select executives involved with strategic investments The value is linked to the value of the portfolio of new investments and will vest 50% in years four and ve respectively. The returns are measured, based on the growth in portfolio valuations. The minimum vesting performance threshold is 12.5% growth per annum, and 100% vesting is achieved at a growth in the portfolio value of 25% per annum, with linear interpolation between these levels. Malus and clawback provisions are applicable to the MultiChoice executive committee. Refer to page 114 for more detail. Overview Introduction Understanding Phuthuma Nathi Understanding MultiChoice SA MultiChoice SA performance Financial review Corporate governance review Shareholder information Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 113
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