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: 17 December 2015

Nature of transaction: on market sale

Number of shares: 38 091 Naspers shares

Class of shares: N ordinary

Total value of transaction: R78 922 440,08

Volume weighted average

price per share: R2 071,94

Highest price per share: R2 080,90

Lowest price per share: R2 060,00

Date of vesting in the group

share-based incentive plan: Naspers Share Incentive Scheme: 38 091 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: 18 December 2015

Nature of transaction: on market sale of Naspers shares

Number of shares: 19 875 Naspers shares

Class of shares: N ordinary

Total value of transaction: R41 110 767.53

Volume weighted average

price per share: R2 068,47

Highest price per share: R2 072,10

Lowest price per share: R2 067,00

Nature of interest: Direct beneficial

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

Cape Town

18 December 2015

Sponsor: Investec Bank Limited