Canal+ and Multichoice Push Long Stop Date until October 2025 for approval for the merger

The shareholders of Kanal+ and owners of Multichoice stem shares (“McG shareholders”) are mentioned:

• The combined circular published by Canal+ and MCG dated June 4, 2024 (“combined circular”) sets up the conditions of the mandatory offer of Canal+ (“offer”) in order to acquire all issues issued by MCG, which is not already in possession of Canal+, with the exception of MCG proposal, from MCG portion For a consideration of Zar125.00, Plarable, AT – AT – AT – AT – AT – AT – AT – AT – AT – AT – AT – AT – ATSALE, AT – AT – AT – AT – AT – AT – AT – AT – ACTable. And
• On September 30, 2024, the joint announcements of Canal+ and MCG in the Börsen facilities of the JSE Limited and A2X News Service learned that the parties had jointly submitted merger control in connection with the offer to the competition commission and dealt with the independent communication authority of South Africa and other regulatory authorities. and (II) February 4, 2025 records that the parties have discussed and agreed on the intended structure according to the transaction of Multichoice, and the recording that the Board of Directors of Phuthuma Nathi gave support for the transaction in advance, subject to the review and consideration of the formal suggestions in accordance with the relevant regulations Announcements “(” Common announcements “(” Common announcements “(” Common announcements “(” Common announcements “(” “Common announcements” (“Common announcements” (“” Common announcements “(” joint announcements “(” Common announcements “(” Common announcements “(” Common announcements ” (“Common announcements” (“Common announcements” (“Common announcements” (“Common announcements”.

Unless otherwise stated, activated words and expressions in this announcement have the meanings attributed to them in combined circular.

Expansion of the long stop date

The process of obtaining the merger control of the South African competition authorities and the responsible regulatory processes continues. These have not been completed by April 8, 2025 until the long stop date. This is the date on which all conditions for the implementation of the offer must be met or dispensed with. Accordingly, CANAL+ has extended the long stop date for fulfilling the conditions to October 8, 2025 according to the conditions of the offer, as in the combined circular letter and after consultation with the TRP. Saving for the expansion of the long stop date, the conditions of the offer remain unchanged.

Our decision to extend the long stop date reflects our recognition of the hard work and the positive progress that all parties and stakeholders achieve when securing the necessary release for this transformative transaction. The timing of this transaction is critical and we will continue to work tirelessly to ensure the conclusion of the transaction within this period to ensure that the intended value and the effects maintain for everyone involved.

– Maxime Saada, CEO, Channel+

The teams continue to make great progress in this transaction. We are still obliged to complete a successful transaction that create a positive value for our customers, our shareholders and all other stakeholders in our ecosystem.

– Calvo Mawela, CEO, Multichoice Group