Directors dealings 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 of a major subsidiary: Mr J J Volkwyn Major subsidiary: MultiChoice South Africa Holdings (Proprietary) Limited Transaction date: 13 February 2018 Nature of transaction: on market sale of securities Number of shares: 14 429 Naspers shares Class of shares: N ordinary Total value of transaction: R44 741 700,15 Volume weighted average price per share: R3 100,81781 Highest price per share: R3 103,80 Lowest price per share: R3 100,35 Nature of transaction: off market purchase of securities Number of shares: 15 000 Naspers shares Class of shares: N ordinary Total value of transaction: R2 051 449,30 Price per share: R136,7632 Date of vesting in the group share-based incentive plan: The trades relate to an offer of Naspers N ordinary share options made and accepted on 12 March 2008 in the MIH Holdings Share Trust (the Trust). The options vested in vested on 12 March 2012 (5 618 share options) and on 12 March 2013 (23 811 share options). 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. On 13 February 2018 a total of 14 429 Naspers N ordinary shares were sold and 15 000 Naspers N ordinary shares will be delivered to Mr Volkwyn upon payment of the amount of R4 024 806,77 (being the listed market value on the date of the offer for both the 14 429 and 15 000 share options) from the proceeds of the sale of the 14 429 Naspers N ordinary shares, to settle the amount due to the MIH Holdings Share Trust. Nature of transaction: Sale of 14 429 Naspers N ordinary shares and delivery of 15 000 vested Naspers N ordinary shares held in the MIH Holdings Share Trust by Mr Volkwyn. Nature of interest: Direct Beneficial Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements Cape Town 15 February 2018 Sponsor: Investec Bank Limited Date: 15/02/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.