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

UPDATE ON REPURCHASE PROGRAMME

Shareholders are referred to the announcement issued by Naspers on 27 June 2022 and other
announcements thereafter ("Repurchase Programme Announcements") in respect of the
open-ended repurchase programme in respect of the ordinary shares N (“Prosus Shares”) in
the capital of Prosus N.V. (“Prosus”) and N ordinary shares in the share capital of Naspers
(“Naspers Shares”), from the respective Prosus and Naspers (together the “Group”) free-float
shareholders (together the “Repurchase Programme”). Capitalised words used in this
announcement shall have the meanings ascribed to them in the Repurchase Programme
Announcements.

Shareholders are hereby advised that in connection with the continued implementation of the
Repurchase Programme, today Prosus sold 1,115,000 ordinary shares in Tencent, bringing its
total ownership in Tencent to 27.99%. This requires that each of Prosus and Naspers make
a Disclosure of Interest notification to the Stock Exchange of Hong Kong Limited, which Prosus
and Naspers have made today. Disclosure of Interest notifications are required to be made
every time Prosus’s shareholding percentage in Tencent crosses over a whole percentage
number. Furthermore, as part of the continued implementation of the Repurchase
Programme, Prosus has taken the administrative step to deposit an additional 192 million of
the Tencent shares that it held in certificated form into the Hong Kong Central Clearing and
Settlement System, to enable on market trading of such shares, in an orderly way pursuant
to the Repurchase Programme, over time.

Cape Town, South Africa
8 September 2022

JSE 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.

Disclaimer

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.