Director/PDMR Shareholding

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:-

Director: Mr S J Z Pacak

Company: Naspers Limited

Transaction date: 11 December 2015

Nature of transaction: on market sale

Number of shares: 11 909 Naspers shares

Class of shares: N ordinary

Total value of transaction: R24 130 410,19

Volume weighted average

price per share: R2 026,23

Highest price per share: R2 030,01

Lowest price per share: R2 025,00

Date of vesting in the group

share-based incentive plan: Naspers Share Incentive Scheme: 11 909 shares, a portion of an offer made on 7 August 2006 which vested on 7 August 2011

Nature of transaction: Sale of vested shares held in the Naspers Share Incentive Scheme by Mr S J Z Pacak

Nature of interest: Direct beneficial

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

Director: Mr M R Sorour

Company: Naspers Limited

Transaction date: 15 December 2015

Nature of transaction: on market sale

Number of shares: 14 560 Naspers shares

Class of shares: N ordinary

Total value of transaction: R29 054 115,64

Volume weighted average

price per share: R1 995,47

Highest price per share: R2 000,00

Lowest price per share: R1 988,04

Nature of transaction: Mr Sorour exercised vested options in a group share-based incentive plan and received 34 435 Naspers N ordinary shares in settlement of the gain made on exercising the options of which 14 560 Naspers N ordinary shares were sold. Mr Sorour retained the remaining 19 875 Naspers N ordinary shares.

Nature of interest: Direct beneficial

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

Cape Town

15 December 2015

Sponsor: Investec Bank Limited