NPSN.L Regulatory News (NPSN)

Naspers Limited

(Incorporated in the Republic of South Africa)Registration number: 1925/001431/06Share code: NPN

ISIN: ZAE000015889

("Naspers" or the "Company")

FINALISATION ANNOUNCEMENT IN RELATION TO THE UNBUNDLING OF NOVUS HOLDINGS LIMITED SHARES TO NASPERS SHAREHOLDERS

1. Introduction

1.1. Naspers "N" and "A" shareholders ("Naspers Shareholders") are referred to the announcement released on SENS on 5 September 2017 ("Detailed Announcement") in terms of which Naspers Shareholders were advised that the Company will unbundle 151,786,287 Novus Holdings Limited shares to Naspers Shareholders ("Unbundling").

1.2. There have been no changes to the terms or the timing of the Unbundling as set out in the Detailed Announcement.

2. Salient dates and times

For ease of reference, the salient dates and times relating to the Unbundling, which are unchanged from those disclosed in the Detailed Announcement, have been set out in the timetable hereunder:

1. The defined terms used in the above table will have the meaning ascribed to them in the Detailed Announcement.

2. The above dates are subject to amendment. Any material amendments will be released on SENS.

Cape Town

12 September 2017

Financial advisor and sponsorInvestec Bank Limited

Legal advisors

Glyn Marais Inc.

Werksmans Inc.

Tax advisors

PricewaterhouseCoopers Tax Services Proprietary Limited