RNS Number : 9985R
Naspers Limited
27 September 2017

Naspers Limited

(Incorporated in the Republic of South Africa)

(Registration number 1925/001431/06)

JSE share code: NPN�� ISIN: ZAE000015889

LSE ADS code: NPSN�� ISIN: US 6315121003

("Naspers" or "the company")

DEALINGS IN SECURITIES

In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the following information is disclosed:-

Executive director:�������� ���������������������� Mr Mark Sorour

Transaction date: ��������������������������������� 28 August 2017

On/off market:������������������������������������� Off market

Price at which shares were offered: ����� Closing price on the JSE Limited on 28 August 2017�: R2�948,00

Number of shares: ������������������������������� 11 049 Naspers shares

Value:�������������������������������������������������� R32�572�452,00

Class of shares:�������������������������������������N ordinary

Nature of transaction: �������������������������� Offer of an option to purchase shares made by the MIH Holdings employee share incentive scheme to Mr Mark Sorour.� The offer of an option to purchase shares was made at market value on 28 August 2017 at R2�948,00, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 28 August 2018, the second quarter vests on 28 August 2019, the third quarter vests on 28 August 2020 and the final quarter vests on 28 August 2021.� ��

Nature of interest: ������������������������������� Direct Beneficial

Clearance: ������������������������������������������ Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements

Executive Director:������� ���������������������� Mr Basil Sgourdos

Transaction date: ��������������������������������� 8 September 2017

On/off market:������������������������������������� Off market

Price at which shares were offered: ����� Closing price on the JSE Limited on 8 September 2017�: R2�863,84

Number of shares: ������������������������������� 5 776 Naspers shares

Value:�������������������������������������������������� R16�541�539,84

Class of shares:�������������������������������������N ordinary

Nature of transaction: �������������������������� Offer of an option to purchase shares made by the MIH Services FZ LLC (previously MIH (Mauritius)) employee share incentive scheme to Mr Basil Sgourdos.� The offer of an option to purchase shares was made at market value on 8 September 2017 at R2�863,84, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 8 September 2018, the second quarter vests on 8 September 2019, the third quarter vests on 8 September 2020 and the final quarter vests on 8 September 2021. �

Post this allocation the fair value of Mr Basil Sgourdos's share-based incentives are balanced approximately as follows:

����� 50% based on ecommerce ventures specifically

����� 50% based on the performance of Naspers as a whole

��

Nature of interest: ������������������������������� Direct Beneficial

Clearance: ������������������������������������������ Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements

Executive director of a major

subsidiary:�������� ���������� ����������������������� Ms Uvashni Raman

Transaction date: ��������������������������������� 28 August 2017

On/off market:������������������������������������� Off market

Price at which shares were offered: ����� Closing price on the JSE Limited on 28 August 2017�: R2�948,00

Number of shares: ������������������������������� 4 199 Naspers shares

Value:�������������������������������������������������� R12�378�652,00

Class of shares:�������������������������������������N ordinary

Nature of transaction: �������������������������� Offer of an option to purchase shares made by the MIH Holdings employee share incentive scheme to Ms Uvashni Raman.� The offer of an option to purchase shares was made at market value on 28 August 2017 at R2�948,00, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 28 August 2018, the second quarter vests on 28 August 2019, the third quarter vests on 28 August 2020 and the final quarter vests on 28 August 2021.��� ��

Nature of interest: ������������������������������� Direct Beneficial

Clearance: ������������������������������������������ Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements

Executive Director:������� ���������������������� Mr Bob van Dijk

Transaction date: ��������������������������������� 8 September 2017

On/off market:������������������������������������� Off market

Price at which shares were offered: ����� Closing price on the JSE Limited on 8 September 2017�: R2�863,84

Number of shares: ������������������������������� 51 728 Naspers shares

Value:�������������������������������������������������� R148�140�715,50

Class of shares:�������������������������������������N ordinary

Nature of transaction: �������������������������� Offer of an option to purchase shares made by the MIH Services FZ LLC (previously MIH (Mauritius)) employee share incentive scheme to Mr Bob van Dijk.� The offer of an option to purchase shares was made at market value on 8 September 2017 at R2�863,84, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 8 September 2018, the second quarter vests on 8 September 2019, the third quarter vests on 8 September 2020 and the final quarter vests on 8 September 2021.�

Post this allocation the fair value of Mr Bob van Dijk's share-based incentives are balanced approximately as follows:

����� 50% based on ecommerce ventures specifically

����� 50% based on the performance of Naspers as a whole��

Nature of interest: ������������������������������� Direct Beneficial

Clearance: ������������������������������������������ Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements

Company secretary:������ ���������������������� Mrs Gillian Kisbey-Green

Transaction date: ��������������������������������� 28 August 2017

On/off market:������������������������������������� Off market

Price at which shares were offered: ����� Closing price on the JSE Limited on 28 August 2017�: R2�948,00

Number of shares: ������������������������������� 1 989 Naspers shares

Value:�������������������������������������������������� R5�863�572,00

Class of shares:�������������������������������������N ordinary

Nature of transaction: �������������������������� Offer of an option to purchase shares made by the Naspers Limited employee share incentive scheme to Mrs Gillian Kisbey-Green.� The offer of an option to purchase shares was made at market value on 28 August 2017 at R2�948,00, being the closing price on the JSE Limited on that day.� The offer was accepted on 26 September 2017. The first quarter of the options vest on 28 August 2018, the second quarter vests on 28 August 2019, the third quarter vests on 28 August 2020 and the final quarter vests on 28 August 2021.

Nature of interest: ������������������������������� Direct Beneficial

Clearance: ������������������������������������������ Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements

Company secretary of a major

subsidiary:�������� ���������������������������������� Mrs Carmen Koopman

Transaction date: ��������������������������������� 28 August 2017

On/off market:������������������������������������� Off market

Price at which shares were offered: ����� Closing price on the JSE Limited on 28 August 2017�: R2�948,00

Number of shares: ������������������������������� 633 Naspers shares

Value:�������������������������������������������������� R1�866�084,00

Class of shares:�������������������������������������N ordinary

Nature of transaction: �������������������������� Offer of an option to purchase shares made by the MIH Holdings employee share incentive scheme to Mrs Carmen Koopman.� The offer of an option to purchase shares was made at market value on 28 August 2017 at R2�948,00, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 28 August 2018, the second quarter vests on 28 August 2019, the third quarter vests on 28 August 2020 and the final quarter vests on 28 August 2021.�����

Nature of interest: ������������������������������� Direct Beneficial

Clearance: ������������������������������������������ Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements

Cape Town

27 September 2017

Sponsor: Investec Bank Limited


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