MultiChoice receives green light from South African Competition Commission

** MultiChoice Group Limited (JSE:MCG) and Groupe Canal+ S.A.S. have jointly announced that the South African Competition Commission has recommended approval of Canal+'s proposed transaction to acquire MultiChoice. The recommendation is subject to conditions relating to public interest considerations, including a package of guaranteed public interest commitments that supports the participation of Historically Disadvantaged Persons and Small, Micro and Medium Enterprises in the audio-visual industry within South Africa. The proposed deal entails Canal+ acquiring issued ordinary shares of MCG not already owned by Canal+ for a consideration of ZAR125.00 per share in cash.