NASPERS LIMITED - Dealing in securities by Director

Dealing in securities by Director

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

     For more information contact:                                                                                                        2.

     Shamiela Letsoalo, Media Relations Director SA                           Eoin Ryan, Head of Investor Relations
     Tel:    +27 11 289 3750                                                  Tel:    +1 347-210-4305
     Mobile: +27 78 802 6310                                                  Email: eoin.ryan@naspers.com
     Email: shamiela.letsoalo@naspers.com
1.

     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.

Date: 08-07-2020 05:30:00
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