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 Mark Sorour

Company: Naspers Limited

Transaction date: 19 September 2019

Nature of transaction: on market sale of securities

Class of shares: 9 237 N ordinary

Total value of transaction: R22 327 861.14

Volume weighted average

price per share: R2 417.22

Highest price per share: R2 417.22

Lowest price per share: R2 417.22

Date of vesting in the group

share-based incentive plan: Share appreciation rights vested in the MIH China/MIH TC 2008 share appreciation rights plan. The two tranches relating to this exercise vested as follows: the first tranche of 8 000 appreciation rights vested on 17 January 2018 and the second tranche of 8 000 appreciation rights vested on 17 January 2019.

Mark Sorour had a defined period in which to exercise the share appreciation rights, failing which they would lapse.

Nature of transaction: Mark Sorour exercised share appreciation rights in the MIH China/MIH TC 2008 share appreciation rights plan (vesting on dates as per above) and received 9 237 Naspers N ordinary shares in settlement of the gain. He then sold the 9 237 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

20 September 2019

Sponsor: Investec Bank Limited