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")

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DEALING IN SECURITIES

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In compliance with the JSE Listings Requirements, the following information is disclosed:

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Group share-based incentive plan:� � � � � Naspers share incentive trust and the MIH Holdings Share Trust

Company:�����������������������������������������������������Naspers Limited

Transaction date: ����������������������������������������31 March 2020

Number of shares: �������������������������������������23�256 Naspers shares

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

Total value of transaction:�������������������������R59,389,079.80

Volume weighted average

price per share: �������������������������������������������R2,553.71

Highest price per share:� � � � � � � � � � � � � � �R2,553.71

Lowest price per share:� � � � � � � � � � � � � � � �R2,553.71

Nature of transaction:� � � � � � � � � � � � � � Off-market transfer of Naspers N ordinary shares at the closing price of Naspers N ordinary shares as at 31 March 2020 from the Naspers share incentive trust to the MIH Holdings Share Trust. These Naspers N ordinary shares will be used to satisfy the MIH Holdings Share Trust's obligation toward its participants for awards to be made in the near future.���

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Nature of interests: �������������������������������������� Indirect beneficial

Clearances: ������������������������������������������������������ Clearance has been received in terms of paragraph 3.92 of the JSE Listings Requirements

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CAPE TOWN

1 April 2020

Sponsor: Investec Bank Limited

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