18 Dec 2017 13:38
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 6315122092
("Naspers" or "the company")
AMENDMENTS TO COMPOSITION OF BOARD COMMITTEES
Shareholders are advised that the composition of the human resources and remuneration committee, the nomination committee and the social and ethics committee will be amended.
Human resources and remuneration committee
Rachel Jafta, independent non-executive director, steps down from the committee. The board thanks Prof Jafta for her valuable contribution to the committee and for her excellent chairmanship. Cobus Stofberg steps down as an alternate committee member. The board thanks him for his valuable contribution.
New composition of the committee:
Chair: Craig Enenstein, independent non-executive director - new appointment
Members: Emilie Choi, independent non-executive director - new appointment
Fred Phaswana, independent non-executive director - no change
Koos Bekker non-executive director - no change
Roberto Oliveira de Lima, independent non-executive director - new appointment
Nomination committee
Koos Bekker, non-executive director and chair of the board, steps down as chair of the committee. He remains a member of the committee. The board thanks Mr Bekker for his excellent chairmanship of this committee. Cobus Stofberg steps down as an alternate committee member. The board thanks him for his valuable contribution.
New composition of the committee:
Chair: Rachel Jafta, independent non-executive director - previously a member, now chair
Members: Craig Enenstein, independent non-executive director - new appointment
Fred Phaswana, independent non-executive director - no change
Hendrik du Toit, independent non-executive director - new appointment
Koos Bekker, non-executive director - previously chair, now a member
Roberto Oliveira de Lima, independent non-executive director - new appointment
Social and ethics committee
Basil Sgourdos, executive director, will step down from the committee and become an alternate to Bob
van Dijk, executive director. Cobus Stofberg, non-executive director, will join the committee.
New composition of the committee:
Chair: Don Eriksson, independent non-executive director - no change
Members: Cobus Stofberg, non-executive director - new appointment Debra Meyer, independent non-executive director - no change
Rachel Jafta, independent non-executive director - no change
Bob van Dijk, executive director - no change
Nolo Letele, executive director - no change
Esmaré Weideman, executive director of Media24 - no change
Alternate: Basil Sgourdos, executive director - previously a member, now alternate to Bob van Dijk
Effective date of amendments
The effective dates of the amendments are:
· Human resources and remuneration and nomination committees: 22 February 2018
· Social and ethics committee: 26 March 2018
The curricula vitae of all committee members are available on www.naspers.com.
Cape Town
18 December 2017
Sponsor: Investec Bank Limited
About Naspers:
Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology
investors in the world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. It runs some of the world´s leading platforms in internet, video entertainment, and media.
Naspers companies connect people to each other and the wider world, help people improve their daily lives, and entertain audiences with the best of local and global content. Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, Codecademy, Delivery Hero, eMAG, Flipkart, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU, Showmax, SimilarWeb, SinDelantal, Swiggy, Twiggle, and Udemy. Similarly, hundreds of millions of people have made the platforms of its associates Tencent (www.tencent.com; SEHK 00700), Mail.ru (www.corp.mail.ru; LSE: MAIL), and MakeMyTrip Limited (www.makemytrip.com; NASDAQ: MMYT) a part of their daily lives.
Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an ADR listing on the London
Stock Exchange (LSE: NPSN).
For more information, please visit www.naspers.com.
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.