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Dividend Finalisation

Published: 2023-11-28 12:00:32 ET
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                                       Naspers Limited
                         (Incorporated in the Republic of South Africa)
                            (Registration number 1925/001431/06)
                           JSE share code: NPN ISIN: ZAE000325783
                                           (Naspers)

                                  DIVIDEND FINALISATION

(All figures in South African cents unless stated otherwise)


Following shareholder approval on 24 August 2023 and the removal of the cross-holding
structure, for the year ended 31 March 2023, 874 cents (2022: 660.2344 cents) per listed N
ordinary share and 174.8 cents (2022: 132.0469 cents) per unlisted A ordinary share will be
payable to eligible Naspers shareholders as dividends.


Dividends   will   be   payable   to   shareholders   recorded   in   the   register   on   Friday,
8 December 2023, and paid on Monday, 11 December 2023.


The last date to trade cum and be eligible for the dividend will be on Tuesday,
5 December 2023 (shares trade ex-dividend from Wednesday, 6 December 2023). Shares
may not be dematerialised or rematerialised between Wednesday, 6 December 2023, and
Friday, 8 December 2023, both dates inclusive.


The dividend will be declared from Naspers’ income reserves. It will be subject to the dividend
tax rate of 20%, yielding, to those shareholders not exempt from paying dividend tax, a net
dividend of 699.2 cents per listed N ordinary share and 139.84 cents per unlisted A ordinary
share. Dividend tax will be 174.8 cents per listed N ordinary share and 34.96 cents per
unlisted A ordinary share. The issued ordinary share capital at 28 November 2023 was
184,385,659 N ordinary shares and 961,193 A ordinary shares. The company’s income tax
reference number is 9550138714.


Following the successful implementation of the unwind of the cross-holding structure, the
group will not be temporarily suspending the share repurchase programme as it is not
necessary for the calculation of the dividend.


Cape Town, South Africa
28 November 2023

JSE sponsor to Naspers
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. 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 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 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.

Disclaimer

The Repurchase Programme is being conducted in accordance with Articles 5(1) and 5(3) of Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse (“Market Abuse Regulation”) and Articles 2 to 4 of Commission Delegated
Regulation (EU) 2016/1052 supplementing the Market Abuse Regulation with regard to regulatory technical standards for the conditions
applicable to buy-back programmes and stabilisation measures (the “Delegated Regulation”). This document is issued in connection with the
disclosure and reporting obligation set out in Article 2(1) of the Delegated Regulation.

This document contains information that qualifies as inside information within the meaning of Article 7(1) of the Market Abuse Regulation.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

The information contained in this announcement may contain forward-looking statements, estimates and projections. Forward-looking
statements involve all matters that are not historical and may be identified by the words “anticipate”, ”believe”, ”estimate”, ”expect”, ”intend”,
”may”, ”should”, ”will”, ”would” and similar expressions or their negatives, but the absence of these words does not necessarily mean that a
statement is not forward-looking. These statements reflect Prosus’s intentions, beliefs or current expectations, involve elements of subjective
judgement and analysis and are based upon the best judgement of Prosus as of the date of this announcement, but could prove to be wrong.
These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and
uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of actual results.

Any forward-looking statements are made only as of the date of this announcement and neither Prosus nor any other person gives any
undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the
date of this announcement or to update or keep current any of the information contained herein, any changes in assumptions or changes in
factors affecting these statements and this announcement is not a representation by Prosus or any other person that they will do so, except to
the extent required by law.