Naspers Limited - Trading Statement

     Naspers Limited - Trading Statement                                        
     Naspers Limited                                                            
     (Incorporated in the Republic of South Africa)                             
(Reg. No 1925/001431/06)                                                   
     Share Code: NPN    &    IZIN: ZAE000015889                                 
     ("Naspers")                                                                
     Trading Statement                                                          
The Naspers group is presently finalising its interim report for the six   
     months ended 30 September 2006. Shareholders are advised that the group    
     continues to experience favourable trading conditions in most of the       
     markets in which it operates. This is reflected in operating performance   
which remains broadly positive.                                            
     However, International Financial Reporting Standards (IFRS), which the     
     group adopted on 1 April 2004, creates volatility in reported earnings,    
     particularly as it relates to foreign currency translations and fair value 
accounting.                                                                
     As a consequence, it is anticipated that accounting charges arising in the 
     period under review and flowing from the application of IFRS, will result  
     in earnings per share for the six months ended 30 September being between  
15% and 25% lower compared to the prior period"s restated earnings per     
     share of 370 cents.                                                        
     In contrast, headline earnings per share for the period are expected to be 
     between 15% and 25% higher compared to the prior period"s restated headline
earnings per share of 361 cents.                                           
     As previously outlined, core headline earnings is, in the view of your     
     board, the appropriate measure of the sustainable operating performance of 
     the group as it adjusts for non-recurring and non-operational items. We    
refer shareholders to our annual financial statements and to the website   
     www.naspers.com for an analysis of historic headline and core headline     
     earnings.                                                                  
     Given the generally positive environment in most of our key markets, we    
expect core headline earnings per share to be between 35% and 45% higher   
     than the restated comparable period core headline earnings per share of 323
     cents.                                                                     
     Further details will be provided in the interim report, due to be released 
on or about 28 November 2006. The financial information on which this      
     trading statement is based has not been reviewed or reported on by the     
     company"s auditors.                                                        
     Cape Town                                                                  
17 November 2006                                                           
     Sponsor: Investec Bank Limited                                             
Date: 17/11/2006 03:30:17 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department