Update on repurchase programme

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

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.