18 Dec 2012 15:00
NASPERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
Share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315121003
('Naspers' or 'the company')
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the following information is disclosed:-
In terms of the rules of the Naspers Share Incentive Trust, offers to participants expire on the 10th anniversary of the date of the offer, or, if the expiry date is in a closed period, 90 days after the end of the closed period. On 1 October 2002 and 17 December 2002, 2 452 411 and 2 236 280 Naspers N ordinary shares, respectively (a total of 4 688 691 N shares), were offered to and accepted by Mr JP Bekker, chief executive of Naspers. Offer prices ranged from R22,39 to R31,54, being the original offer prices on 1 October 2002 and 17 December 2002 based on the listed market price of Naspers N ordinary shares on the dates of the offers, adjusted by anticipated inflation over the course of the vesting periods. Inflation expectations were calculated by the Bureau for Economic Research of Stellenbosch University.
On 14 December 2012 4 688 691 Naspers N ordinary shares were delivered off market to Mr Bekker's family trust upon payment of R125 252 946,38 to the Naspers Share Incentive Trust. The nature of Mr Bekker's interest is an indirect beneficial interest.
Clearance for this sale has been received in terms of paragraph 3.66 of the JSE Listings Requirements.
Cape Town
18 December 2012
Sponsor: Investec Bank Limited