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


TERMINATION OF AGREEMENT TO ACQUIRE BILLDESK

On 31 August 2021, Naspers announced that an agreement had been reached between
PayU Payments Private Limited (PayU), a subsidiary of Prosus N.V. (Prosus), and the
shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for
US$4.7 billion.

Closing of the transaction was subject to the fulfilment of various conditions precedent,
including approval by the Competition Commission of India (CCI). PayU secured CCI
approval on 5 September 2022. However, certain conditions precedent were not fulfilled
by the 30 September 2022 long stop date, and the agreement has terminated
automatically in accordance with its terms and, accordingly, the proposed transaction
will not be implemented.

Naspers, through its subsidiary Prosus, has been a long-term investor and operator in
India - investing close to US$6 billion in Indian technology companies since 2005.
Naspers remains committed to the Indian market and growing its existing businesses
within the region.


CAPE TOWN

3 October 2022
Equity Sponsor: Investec Bank Limited


Enquiries

Investor Enquiries                                        +1 347-210-4305
Eoin Ryan, Head of Investor Relations

Media Enquiries
Nicola McGowan, Chief Communications                      + 44 7563 257 245
Officer



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
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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.

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.

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 Naspers’ intentions, beliefs or current expectations, involve
elements of subjective judgement and analysis and are based upon the best judgement of Naspers 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 Naspers 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 Naspers or any other person
that they will do so, except to the extent required by law.