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: US6315122092

("Naspers" or "the company")

DEALINGS IN SECURITIES

In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the following information is disclosed:-

Executive Director: Bob van Dijk

Transaction date: 23 July 2019

On/off market: Off market

Price at which shares were offered: Closing price on the JSE Limited on 16 July 2019: R3 494,00

Number of shares: 15 835 Naspers shares

Value: R55 327 490

Class of shares: N ordinary

Nature of transaction: Offer of an option to purchase shares made by the MIH Services FZ LLC employee share incentive scheme to Bob van Dijk. The offer of an option to purchase shares was made at market value on 16 July 2019 at R3 494,00, being the closing price on the JSE Limited on that day. The offer was accepted on 23 July 2019. The first quarter of the options vest on 16 July 2020, the second quarter vests on 16 July 2021, the third quarter vests on 16 July 2022 and the final quarter vests on 16 July 2023.

Post this allocation and as at 31 March 2020 the fair value of Bob van Dijk's share-based incentives will be balanced based on the performance of the ecommerce segment specifically (through share appreciation rights), the performance of Naspers as a whole (through Naspers share options), and through Naspers PSUs1

Note:

1 The award of performance share units (PSUs) is subject to shareholders approving the amendments to the Naspers Restricted Stock Trust deed at the annual general meeting on 23 August 2019.

Nature of interest: Direct Beneficial

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

Executive Director: Basil Sgourdos

Transaction date: 23 July 2019

On/off market: Off market

Price at which shares were offered: Closing price on the JSE Limited on 16 July 2019: R3 494,00

Number of shares: 8 211 Naspers shares

Value: R28 689 234.00

Class of shares: N ordinary

Nature of transaction: Offer of an option to purchase shares made by the MIH Services FZ LLC employee share incentive scheme to Basil Sgourdos. The offer of an option to purchase shares was made at market value on 16 July 2019 at R3 494,00, being the closing price on the JSE Limited on that day. The offer was accepted on 23 July 2019. The first quarter of the options vest on 16 July 2020, the second quarter vests on 16 July 2021, the third quarter vests on 16 July 2022 and the final quarter vests on 16 July 2023.

Post this allocation and as at 31 March 2020 the fair value of Basil Sgourdos's share-based incentives will be balanced based on the performance of the ecommerce segment specifically (through share appreciation rights), the performance of Naspers as a whole (through Naspers share options), and through Naspers PSUs 1

Note:

1 The award of performance share units (PSUs) is subject to shareholders approving the amendments to the Naspers Restricted Stock Trust deed at the annual general meeting on 23 August 2019.

Nature of interest: Direct Beneficial

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

Cape Town

24 July 2019

Sponsor: Investec Bank Limited