Groupe Canal+ intending to take full control of MultiChoice

Thursday, February 1st, 2024 
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Multichoice Group Limited — Cautionary Announcement

RANDBURG — Shareholders are hereby advised that MultiChoice has received a letter from a French media company, Groupe Canal+ SA, indicating its high-level non-binding intention to acquire the remaining ordinary shares in MultiChoice that it does not currently own, excluding any treasury shares, at an anticipated cash consideration of ZAR 105.00 per MultiChoice ordinary share. The board of MultiChoice (“Board”) will update shareholders should there be any further developments. Accordingly, shareholders are advised to exercise caution when dealing in the Group’s securities until a further announcement is made.

The Board accepts responsibility for the information contained in this announcement which relates to MultiChoice and confirms that, to the best of its knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of the information.

Links: MultiChoice; Groupe Canal+