NASPERS LIMITED - Disposal of JD.com shares received from Tencent Holdings Limited

Disposal of JD.com shares received from Tencent Holdings Limited

NASPERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
(Naspers or the Company)


DISPOSAL OF JD.COM SHARES RECEIVED FROM TENCENT HOLDINGS LIMITED


Shareholders are advised that on 23 December 2021, the board of directors of Tencent
Holdings Limited (Tencent), declared a special interim dividend in the form of a distribution
in specie of Class A ordinary shares (the JD.com shares) of JD.com, Inc. (JD.com), a
company whose American depositary shares are listed on NASDAQ Global Select Market
(stock symbol: JD, ISIN Code: US47215P1066) and whose shares are listed on The Stock
Exchange of Hong Kong Limited (HKEx) (stock code: 9618), representing a majority of the
JD.com shares held by Tencent (the JD.com in specie distribution).

Prosus N.V. (which is majority owned by Naspers) (Prosus), through its subsidiary MIH TC
Holdings Limited, received 131 873 028 JD.com shares under the JD.com in specie
distribution, representing a c.4% effective interest in JD.com.

JD.com is a leading supply chain-based technology and service provider. Its e-commerce
business includes online retail and online marketplace. In the online retail business, JD.com
acquires products from suppliers and sells them directly to customers primarily through
JD.com mobile apps and websites. In the online marketplace business, third-party merchants
sell products to customers primarily through JD.com mobile apps and websites.

As JD.com does not form part of the group’s core strategic focus and the JD.com shares were
received by the Prosus group as a result of the JD.com in specie distribution, the Prosus group
implemented an orderly disposal of the JD.com shares on the open market. The JD.com
shares were sold through an on-market orderly sales process comprising of a number of
separate sales over time (the Disposal).

The Disposal was not subject to any conditions precedent and concluded on 24 June 2022.
Aggregate proceeds of approximately US$3.67bn were realized through the Disposal.

The aggregate proceeds of the Disposal after costs, fees and expenses will be retained by the
Prosus group for general corporate and liquidity purposes.

The carrying value of the JD.com shares as at 31 March 2022, being Prosus's most recent
reporting period, was approximately US$3.94bn. The profit after tax attributable to the
JD.com shares for the twelve months ended 31 March 2022 was zero. The aforementioned
information has been extracted from the full year financial information of Prosus for the
twelve-month period ended 31 March 2022, prepared in accordance with International
Financial Reporting Standards.

The aggregate Disposal of the JD.com shares constitutes a category 2 transaction for Naspers
in terms of the JSE Listings Requirements.

CAPE TOWN
27 June 2022
Sponsor: Investec Bank Limited

Enquiries
Investor Enquiries                                                      +1 347-210-4305
Eoin Ryan, Head of Investor Relations
Media Enquiries                                                         + 27 78 802 6310
Shamiela Letsoalo, Media Relations Director

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, Autotrader, Property24 and PayU, in addition
to Media24, South Africa’s leading print and digital media business.

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 a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the
US.

For more information, please visit www.naspers.com.

Naspers Foundry

Naspers is focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment vehicle
that invests in early-stage technology companies that seek to address big societal needs.

Naspers Labs

In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa’s unemployed youth into
economic activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.

Naspers for Good

Naspers employees are equally committed to giving back. Naspers for Good is a corporate philanthropy fund administered by a
committee of employees in South Africa. Through the fund, Naspers forms partnerships with organisations that have a proven track
record of delivering solutions for the most pressing challenges affecting our communities. Email causes@naspers.com for more
information.

Response to COVID-19

Naspers contributed R1.5 billion of emergency aid to support the South African government’s response to the COVID-19 pandemic.
This contribution consisted of R500 million towards the Solidarity Fund, and R1 billion worth of PPE sourced and distributed to South
Africa’s front-line healthcare workers. In addition, Naspers contributed R6.9 million to the Nelson Mandela Foundation’s EachOne
FeedOne programme to support families impacted by COVID-19 with meals for a year.

This announcement is for information purposes only and is not and does not constitute an offer to sell or the solicitation of an offer to
buy securities in any jurisdiction. This document and anything contained herein including any copy thereof may not be taken into or
distributed, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States
and the District of Columbia), Canada or Japan or any other jurisdiction in which it would be prohibited or restricted by applicable law.

Date: 27-06-2022 07:05:00
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