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Acquisition of the remaining 33.3% stake in Ifood from Just Eat

Published: 2022-11-23 08:06:05 ET
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NASPERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
(Naspers or the Company)


ACQUISITION OF THE REMAINING 33.3% STAKE IN Ifood FROM JUST EAT

On 19 August 2022, Naspers announced that Prosus group had entered into an agreement to
acquire the remaining 33.3% stake in iFood Holdings B.V. and IF-JE Holdings B.V., from
minority shareholder Just Eat Holding Limited for €1.5bn in cash, plus a contingent
consideration of up to a maximum of €300m in cash.

Closing of the transaction was subject to approval by the Just Eat Takeway.com N.V.
shareholders.

Shareholders are advised that the requisite approval has been obtained from the Just Eat
Takeaway.com N.V. shareholders and the transaction closed on 22 November 2022.

CAPE TOWN
23 November 2022
Sponsor: Investec Bank Limited



Enquiries:

  Shamiela Letsoalo, Media Relations Director SA             Eoin Ryan, Head of Investor Relations
  Tel:     +27 78 802 6310                                   Tel:    +1 347-210-4305
  Email: shamiela.letsoalo@naspers.com                       Email: eoin.ryan@naspers.com



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.

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.

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.