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PROSUS N.V - Disposal of JD.com shares received from Tencent Holdings Limited

Release Date: 27/06/2022 07:05
Code(s): PRX     PDF:  
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Disposal of JD.com shares received from Tencent Holdings Limited

PROSUS N.V.
(Incorporated in the Netherlands)
(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
ISIN: NL0013654783
Euronext Amsterdam and JSE share code: PRX
(Prosus 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, 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.

Amsterdam, the Netherlands
27 June 2022

JSE sponsor to Prosus
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 Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally
in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich
communities.

The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education
technology sectors in markets including India and Brazil. Through its ventures team, Prosus invests in areas including health, logistics,
blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs using technology
to improve people’s everyday lives.

Every day, billions of customers use the products and services of companies that Prosus has invested in, acquired or built, including
99minutos, Airmeet, Aruna, AutoTrader, Autovit.ro, Azos, BandLab, Bibit, Biome Makers, Borneo, Brainly, BUX, BYJU'S, Bykea,
Captain Fresh, Codecademy, Collective Benefits, Creditas, DappRadar, DeHaat, Domofond.ru, dott, EduMe, ElasticRun, eMAG,
Endowus, Eruditus, EVERY, Facily, Flink, Foodics, Good Glamm Group, GoodHabitz, GoStudent, Honor, iFood, Imovirtual, Klar, Kovi,
LazyPay, letgo, Luno, Mensa Brands, Meesho, merXu, Movile, Oda, OLX, Otodom, OTOMOTO, PaySense, PayU, Pharmeasy, Platzi,
Property24, Quick Ride, Red Dot Payment, Republic, Shipper, ShopUp, SoloLearn, Stack Overflow, Standvirtual, Superside, Swiggy,
Thndr, Tonik, Ula, Urban Company, Wayflyer, and Wolt.

Hundreds of millions of people have made the platforms of Prosus’s associates a part of their daily lives. For listed companies where
we have an interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, Sinch, and SimilarWeb.

Today, Prosus companies and associates help improve the lives of more than two billion people around the world.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange
(XJSE:PRX) and a2X Markets (PRX.AJ). Prosus is majority-owned by Naspers.

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

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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