Director/PDMR Shareholding

Naspers Limited

(Incorporated in the Republic of South Africa)

(Registration number 1925/001431/06)

JSE share code: NPN ISIN: ZAE000015889

LSE ADS code: NPSN ISIN: US 6315122092

("Naspers" or "the company")

DEALING IN SECURITIES BY DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed:

Director: Basil Sgourdos

Company: Naspers Limited

Transaction date: 6 July 2020

Nature of transaction: on market sale of shares

Number of shares: 6 667 Naspers N ordinary shares

Class of shares: N ordinary shares

Total value of transaction: R21 210 277,91

Volume weighted average

price per share: R3 181,3826

Highest price per share: R3 196,00

Lowest price per share: R3 172,31

Nature of transaction: The trades relate to an offer of 6 667 Naspers N ordinary share options made on 8 September 2010 and accepted on 13 September 2010 in the MIH Services FZ LLC Share Trust. The options vested in three tranches. The first tranche, 2 222 share options, vested on 8 September 2013, the second tranche, 2 222 share options vested on 8 September 2014 and the final tranche, 2 223 share options, vested on 8 September 2015. Basil had a defined period in which to exercise the Naspers share options, failing which they would lapse. The expiry date is 8 September 2020. Basil exercised the 6667 options and decided to dispose of the Naspers shares he received. The exercise of the options and sale of the N ordinary shares was executed on 6 July 2020. The full net gain after tax on disposal of these shares will be reinvested back into the group in the form of Prosus N.V. bonds, which he will buy on the open market. 

Nature of interest: Direct Beneficial

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

CAPE TOWN

8 July 2020

Sponsor: Investec Bank Limited

About Naspers

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.

In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa's leading print and digital media business.

Naspers is also focused on stimulating South Africa's local tech sector through Naspers Foundry. This is a R1.4 billion investment targeting early stage technology companies in South Africa that seek to address big societal needs. To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings, Naspers Labs provide a structured development journey enabling young people to enter the economy.

Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has an ADR listing on the London Stock Exchange (LSE: NPSN). For more information, please visit www.naspers.com.