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 Rule 3.92 of the JSE Listings Requirements, the following information is disclosed:-

Group share-based incentive plan: MIH Holdings Share Trust

Company: Naspers Limited

Transaction date: 21 September 2018

Number of shares: 12 500 Naspers shares

Class of shares: N ordinary

Total value of transaction: R40 452 761.25

Volume weighted average

price per share: R3 236.2209

Highest price per share: R3 255.45

Lowest price per share: R3 217.88

Nature of transaction: On market acquisition of Naspers N ordinary shares to satisfy the MIH Holdings Share Trust's obligation toward its participants.

Nature of interest: Indirect beneficial

Clearance: Clearance has been received in terms of paragraph 3.92 of the JSE Listings Requirements

Group share-based incentive plan: MIH Services FZ LLC Share Trust

Company: Naspers Limited

Transaction date: 21 September 2018

Number of shares: 238 244 Naspers shares

Class of shares: N ordinary

Total value of transaction: R771 010 212.10

Volume weighted average

price per share: R3 236.2209

Highest price per share: R3 255.45

Lowest price per share: R3 217.88

Nature of transaction: On market acquisition of Naspers N ordinary shares to satisfy the MIH Services FZ LLC Share Trust's obligation toward its participants.

Nature of interest: Indirect beneficial

Clearance: Clearance has been received in terms of paragraph 3.92 of the JSE Listings Requirements

Group share-based incentive plan: Naspers Restricted Stock Plan Trust

Company: Naspers Limited

Transaction date: 21 September 2018

Number of shares: 60 555 Naspers shares

Class of shares: N ordinary

Total value of transaction: R195 969 356.60

Volume weighted average

price per share: R3 236.2209

Highest price per share: R3 255.45

Lowest price per share: R3 217.88

Nature of transaction: On market acquisition of Naspers N ordinary shares to satisfy the Naspers Restricted Stock Plan Trust's obligation toward its participants.

Nature of interest: Indirect beneficial

Clearance: Clearance has been received in terms of paragraph 3.92 of the JSE Listings Requirements

Group share-based incentive plan: Naspers Share Incentive Trust

Company: Naspers Limited

Transaction date: 21 September 2018

Number of shares: 22 792 Naspers shares

Class of shares: N ordinary

Total value of transaction: R73 759 946.75

Volume weighted average

price per share: R3 236.2209

Highest price per share: R3 255.45

Lowest price per share: R3 217.88

Nature of transaction: On market acquisition of Naspers N ordinary shares to satisfy the Naspers Share Incentive Trust's obligation toward its participants.

Nature of interest: Indirect beneficial

Clearance: Clearance has been received in terms of paragraph 3.92 of the JSE Listings Requirements

Cape Town

26 September 2018

Sponsor: Investec Bank Limited