23 November 2020 Media24 Holdings (Pty) Ltd Interim Results Announcement for the period ended 30 September 2020

Media24 felt the full brunt of the Covid-19 pandemic in the half-year to September 2020, with trading results declining considerably against the comparable period in 2019. Strong performances in our digital and ecommerce-related businesses only partially offset the impact on our already fragile print media operations. Our focus in the review period was therefore to mitigate losses and align operations to the highly challenging trading realities. As a result, we have retained a strong foundation to continue our strategic journey to build a sustainable future for Media24 in an increasingly digital landscape.

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