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: 15 December 2016

Nature of transaction: on market sale of securities

Number of shares: 27 875 Naspers shares

Class of shares: N ordinary

Total value of transaction: R55 388 941,31

Volume weighted average

price per share: R1 987,0472

Highest price per share: R1 995,00

Lowest price per share: R1 985,00

Nature of transaction: off market purchase of securities

Number of shares: 32 125 Naspers shares

Class of shares: N ordinary

Total value of transaction: R5 621 875,00

Price per share: R175,00

Date of vesting in the group

share-based incentive plan: The trades relate to the balance of an offer of Naspers N ordinary share options made and accepted on 29 March 2007 in the MIH (Mauritius) Limited Share Trust (the Trust). The options vested in three equal tranches. The remainder of the first tranche, 4 000 share options, vested on 29 March 2010, the second tranche, 28 000 share options vested on 29 March 2011 and the final tranche, 28 000 share options, vested on 29 March 2012. In terms of the rules of the Trust the exercise of options and delivery of shares acquired may not be taken later than the tenth anniversary of the offer date.

Accordingly, on 15 December 2016 a total of 60 000 options were exercised. 32 125 Naspers N ordinary shares were delivered to Mr Pacak upon payment of the amount of R5 621 875,00 (being the listed market value on the date of the offer). The proceeds of the sale of 27 875 Naspers N ordinary shares were used to settle the amount due to the MIH (Mauritius) Limited Share Trust.

Nature of transaction: Sale of some and delivery of the remaining vested N ordinary shares held in the MIH (Mauritius) Limited Share Trust by Mr Pacak.

Nature of interest: Direct Beneficial

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

Cape Town

19 December 2016

Sponsor: Investec Bank Limited