eMEDIA HOLDINGS LIMITED - General Repurchase of Shares

General Repurchase of Shares

eMEDIA HOLDINGS LIMITED

(Incorporated in the Republic of South Africa) Registration number:
1968/011249/06
JSE share codes and ISIN:
Ordinary shares EMH ISIN: ZAE000208898
N ordinary shares EMN ISIN: ZAE000209524
("eMedia Holdings" or the "Company")

GENERAL REPURCHASE OF SHARES

In accordance with the general authority granted by shareholders at the Company's Annual General Meeting ("AGM")held on
Friday, 29 August 2025 ("General Authority"), eMedia Holdings has cumulatively repurchased 15 327 677 N ordinary shares
("Shares"), representing 3.44% of the Company's issued share capital ("Repurchase") as at the date the General Authority was
granted being, 445 737 603 Shares.

Details of the Repurchase are as follows:

Period of Repurchase                       Number of Shares                                     Average              Aggregate
                                              Repurchased                            price per Share (R)              value (R)

30 September 2025                                  12 836 594            R1.78 (high: R1.80; low: R1.75)         22 833 733.41


01 October 2025                                       100 000            R1.81 (high: R1.88; low: R1.80)               181 000


02 October 2025                                     1 891 083            R1.89 (high: R1.95; low: R1.86)          3 577 739.93


03 October 2025                                       500 000            R1.99 (high: R2.00; low: R1.93)               995 150

Since the launch eMedia Holding's share repurchase initiative on 30 of September 2025, the Company has repurchased a total of
15 327 677 Shares, representing 3.44% of the total Shares of 445 737 603 in issue at the time of the AGM.

The board of the Company has considered the effect of the Repurchase and is of the opinion that:
-        the Company and its subsidiaries ("Group") will be able, in the ordinary course of business, to repay its debts for a
         period of 12 months after the date of this announcement;
-        the assets of the Company and the Group, as fairly valued, will equal or exceed the liabilities of the Company and
         the Group, as fairly valued for a period of 12 months after the date of this announcement;
-        the Company's and the Group's share capital and reserves will be adequate for the ordinary business purpose of
         the Company and the Group for a period of 12 months following the date of this announcement;
-        the Company and the Group will have sufficient working capital for ordinary business purposes for 12 months
         following the date of this announcement.

The Repurchase was funded from the Company's available cash resources. Cash balances decreased by R27 768 116.06 as a
result of the Repurchase (including transaction costs).

The Company now holds 15 327 677 treasury Shares, which represents 2.25% of the Company's current issued share capital.
The repurchase programme is limited to R50 million in total. After the prohibited period repurchase programme is completed,
application will be made for the treasury shares to be cancelled and removed from listing.

The interest foregone on the cash required to effect the Repurchase, amounts to R833k after tax, assuming an average interest
rate of 4.11% earned in the previous financial period.

The Repurchase will have the effect of reducing the number of shares in issue used for purposes of calculating the earnings
per share and headline earnings per share by 15 327 677 shares in the financial year to 31 March 2025.

A portion of the Repurchase was effected during a prohibited period in terms of a repurchase programme entered into prior
to the prohibited period, in accordance with the JSE Listings Requirements.
The Repurchase was effected through the order book operated by the JSE, in a series of unrelated transactions without any prior
understanding or arrangement between the Company and the counterparty. Accordingly, the Company has complied with
paragraph 5.72 (a) of the JSE Listings Requirements.


 Sandton
 06 October 2025
 Sponsor
 Investec Bank Limited

Date: 06-10-2025 05:42:00
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