Dividend Subject to the approval of the MultiChoice South Africa dividend by shareholders at the MultiChoice SA shareholder meeting on 23 August 2023, the Phuthuma Nathi board has, pursuant to article 7.4 of the MOI, declared a dividend 2 037.03 cents per Phuthuma Nathi share. The dividend will ow from MultiChoice SA to Phuthuma Nathi and then to Phuthuma Nathi shareholders. Dividend tax of 20% amounts to 407.40 cents per Phuthuma Nathi share. Phuthuma Nathi shareholders will therefore receive a net dividend of 1 629.63 (prior year: 1 777.78) cents per share. The dividend proposed in this report will be paid from reserves. If approved by MultiChoice SA shareholders, the dividend will be payable to Phuthuma Nathi shareholders recorded in the Phuthuma Nathi share register on 23 August 2023 and paid on or about 4 September 2023. Ordinary resolutions 1. Ordinary resolution number 1: Presenting the annual reporting suite To present, consider and accept the annual reporting suite (incorporating the integrated annual report, the consolidated and separate annual nancial statements (including, among others, the directors’ report, the independent auditors’ report and the audit committee report)) for the nancial year ended 31 March 2023. The consolidated and separate annual nancial statements and the full reporting suite are available on the company’s website at https:// www.phuthumanathi.co.za/information/ nancial-reporting/ 2. Ordinary resolution number 2: Election of directors appointed to the board during the year To elect as independent non-executive directors, each by way of separate ordinary resolution, the below named persons who were appointed to the board subsequent to the 24 August 2022 AGM and who are each eligible for election as a director of the company: 2.1 James Hart du Preez 2.2 Adv Kgomotso Ditsebe Moroka SC Brief biographies in respect of each director are available on page 16 of the integrated annual report. The board unanimously recommends the election of James Hart du Preez and Adv Kgomotso Ditsebe Moroka SC to shareholders in terms of ordinary resolutions numbered 2.1 to 2.2. The elections are to be conducted as a series of votes, each of which is on the candidacy of a single individual to ll a single vacancy, and in each vote to ll a vacancy, each voting right entitled to be exercised, may be exercised once. 3. Ordinary resolution number 3: Re-election of director To re-elect Mandla Langa, who retires by rotation and being eligible, offers himself for re-election as a director of the company. A brief biography in respect of the director is available on page 15 of the integrated annual report. The board unanimously recommends that ordinary resolution number 3 be approved by shareholders of the company. Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 141 Overview Introduction Understanding Phuthuma Nathi Understanding MultiChoice SA MultiChoice SA performance Financial review Corporate governance review Shareholder information
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