• SCA received notices from Sandon Capital to remove 4 directors
• SCA has support from shareholders representing over 50% of voting capital
• SCA reconfirms positive results and operating momentum

Southern Cross Media Group Limited (SXL.ASX) has advised that on Friday, it received notices under section 203D of the Corporations Act from Sandon Capital Pty Ltd (Sandon), acting on behalf of its investors. The notices were executed by the registered holders of more than 5% of SCA's ordinary shares and state their intention to move resolutions at the next general meeting to remove four directors of SCA. SCA notes that it has not received any notice requiring it to call a general meeting to consider such resolutions or put such resolutions to a general meeting, nor has it received notice of any proposed directors to the SCA Board. SCA has stated that Shareholders collectively representing more than 50% of its voting capital, including Thorney Investment Group (and Associates) (15%), Spheria Asset Management (10%) and Ubique Asset Management (10%), have confirmed that they are supportive of the current Board and management and intend to vote against such resolutions. SCA has also reconfirmed its positive results and developments announced to the ASX last week, including strong operating momentum into the first four months of calendar year 2025, with audio revenues growing by ~9% and ahead of previous guidance, non-revenue related costs for continued operations expected to be ~$265m for FY25, which is $5m ahead of previous guidance, its intention to resume dividends with the final dividend for FY25, and the execution of a binding agreement for the sale of its remaining television assets.