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8 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2020 Despite the challenges faced during the year from COVID-19, we continued with our focus on enhancing the competitive appeal of our portfolio of brands in Print, TV, Radio, Billboards and Digital to align with our changing customer needs, while closely managing controllable expenses. Following our exceptional coverage of the election campaign, we successfully brought the 2020 Hero CPL T-20 to our audiences in August and September. We also continued to invest in our people through growing our sales and service capabilities, transforming our editorial relevance and appeal, and strengthening leadership competencies at middle and senior management.Whilst Guardian Media%u2019s COVID-19 response is progressing well, it is difficult to assess and predict the broad effects of COVID-19 on our business and operations in 2021 given the ongoing, changing, and uncertain situation. Key strategic priorities in 2021 include creating new sustainable revenue streams from services designed to satisfy the new needs that have arisen out of the pandemic. Other strategic priorities include continued emphasis on product enhancement, sales excellence, cost containment and employee engagement. Management remains focused on driving efficiencies and continually reducing controllable expenses. Our focus as we move forward continues to be our relationships with our clients and audiences.Despite significant uncertainty in the current economic environment, we remain committed to enhancing shareholders%u2019 values while exercising appropriate stewardship over its resources and reinforce our view that the future continues to be promising for our franchise. Based on this, the Board of Directors has approved final dividends of $0.05 per ordinary share (2019 - NIL) and 6% Preference Shareholders will receive a final dividend of 3%. Dividends will be paid on June 16, 2021. In accordance with section 110(1)(a)(i) of the Companies Act 1995, the Directors have fixed May 25, 2021 as the Record Date for payment of this final dividend. The Register of Members will be closed on both May 27 and 28, 2021.A special thanks to Mr. Nicholas Sabga, our former Managing Director who left us on June 30, 2020 and a special welcome to our new Managing Director Mr. Brandon Khan.%u00a0 On behalf of the Board of Directors, we wish to express our sincere gratitude to Nicholas for his contribution and leadership in transforming our business from a traditional media house to a multi-media house. During the early onset of the pandemic, Nicholas steered our Company though one of the most challenging times in our history by successfully implementing business continuity plans and mitigating pandemic effects.I would like to thank the Board of Directors for their contribution during the year. There was one change to the composition of your Board during the financial year 2020. Board member Mr. Winston Singh resigned from the Board on June 01, 2020 and we wish to thank Winston for his contribution to Guardian Media. My sincere gratitude goes to our loyal management team and employees for their unrelenting commitment and dedication to Guardian Media. Special appreciation to our employees for their courageous and nonstop efforts in serving our communities during these unprecedented times. We look to all our shareholders to lend us their continuous support as we leverage on all opportunities and overcome all challenges to ensure a strong and sustainable future for all.Peter ClarkePeter ClarkeChairman