Assurance The nancial and non- nancial information in this report was reviewed by the audit committee and approved by the board. Financial information Summary nancial information for MultiChoice SA and Phuthuma Nathi, extracted from MultiChoice SA’s audited consolidated annual nancial statements for the year ended 31 March 2023 and the Phuthuma Nathi consolidated and separate annual nancial statements for the year ended 31 March 2023, are re ected accurately. The respective full annual nancial statements are available on Phuthuma Nathi and MultiChoice SA’s websites: Statement of directors’ responsibility The Phuthuma Nathi and MultiChoice SA boards acknowledge their responsibility to ensure the integrity and completeness of this integrated annual report. The integrated annual report was approved by the Phuthuma Nathi board on 5 June 2023 and by the MultiChoice SA board on 13 June 2023. Each board collectively assessed and unanimously approved the content of this report and believes it provides a true account of MultiChoice SA’s performance because it addresses all material matters relating to MultiChoice SA’s ability to create and sustain value in the short, medium and long term. On behalf of the boards Mandla Langa Imtiaz Patel Chair: Chair: Phuthuma Nathi MultiChoice SA Our reporting suite The Phuthuma Nathi integrated annual report includes the annual general meeting (AGM) notice and is the key report to stakeholders, providing a holistic view of MultiChoice SA’s business, strategy, performance and value creation for its stakeholders. This report should be read in conjunction with Phuthuma Nathi’s full consolidated and separate annual nancial statements, which provide a more detailed understanding of the business’s nancial performance. Further, we endeavour to engage with our stakeholders through regular reports, including the annual social report and biannual results announcements. Our reporting suite includes MultiChoice SA’s results announcement and full consolidated annual nancial statements. Navigation and feedback For ease of reference, we included key terms used in this report on page 4. We welcome our stakeholders to connect with us on We encourage and value feedback on this report. Feedback can be sent to cosec@multichoice.com How to navigate our report Throughout our integrated annual report, we use the following icons to show the connectivity between sections: PAGE Read more WEB Read more online ˁonʠfinancial information EmpowerLogic veri ed all BBBEE information in this report. Refer to page 66 for the auditor’s report on MultiChoice SA’s summary consolidated annual nancial statements, and to page 19 for the report on the summary annual nancial statements of Phuthuma Nathi. (www.phuthumanathi.co.za and www.multichoice.com/multichoice-south-africa/) and at our registered of ce on arrangement with the company secretary. This information can be accessed at www.phuthumanathi.co.za and www.multichoice.com/multichoice-south-africa Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 5 Overview Introduction Understanding Phuthuma Nathi Understanding MultiChoice SA MultiChoice SA performance Financial review Corporate governance review Shareholder information
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