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Scope of report and assurance

Media24 has reported annually to stakeholders on its non-financial performance since 2008. This is the fourth integrated annual report in which financial and non-financial performance are combined for a better understanding of the group. It covers the financial year from 1 April 2013 to 31 March 2014. Feedback can be communicated directly to

The report has been prepared using the guidelines of the Global Reporting Initiative (GRI G4) and the recommendations of the latest King report on corporate governance in South Africa (King III).

This report includes the financial performance of the Media24 Holdings group and its subsidiaries. The scope of reporting on non-financial performance covers the entire Media24 Holdings group. We are developing our group reporting standards to make our disclosure increasingly meaningful and measurable for our stakeholders.

The financial information extracted from the audited Media24 Holdings Proprietary Limited consolidated annual financial statements for the year to 31 March 2014 has been reflected correctly in this integrated annual report. Refer to the report of PricewaterhouseCoopers Inc. (PwC). The broad-based black economic empowerment (BBBEE) information was verified by AQRate Verification Services.

Forward-looking statements

This report may contain forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995. Words such as ”believe”, ”anticipate”, ”intend”, ”seek”, ”will”, ”plan”, ”could”, ”may”, ”endeavour” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. While these forward-looking statements represent our judgements and expectations, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These include factors that could adversely affect our businesses and financial performance. We are not under any obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, as a result of new information, future events or otherwise. Investors are cautioned not to place undue reliance on any forward-looking statements in this report.