NASPERS LIMITED - Trading Statement

Trading Statement

Naspers Limited
(Incorporated in the Republic of South Africa)
(Reg. No 1925/001431/06)
JSE Share Code: NPN          ISIN: ZAE000015889
LSE ADS Code: NPSN           ISIN: US6315121003
(“Naspers”)



Trading Statement



Shareholders are advised that the Naspers group (“the group”) is presently finalising

its provisional report for the year ended 31 March 2016. Shareholders should note that

the group’s results are presented in US dollars from the financial year ended

31 March 2016. Restated comparative US dollar financial information was published

via SENS on 18 April 2016.



We expect core headline earnings per share to be between 15% (38 US cents) and

20% (51 US cents) higher than the comparable period’s 255 US cents. Shareholders

are reminded that the board considers core headline earnings an appropriate indicator

of the sustainable operating performance of the group, as it adjusts for non-recurring

and non-operational items.
                                         



It is expected that earnings per share for the year ended 31 March 2016, will be

between 20% (62 US cents) and 25% (78 US cents) lower compared to the prior

period’s 311 US cents.



Headline earnings per share for the year is expected to increase by between 0% (0

US cent) and 5% (8 US cents) from the prior period’s 167 US cents.



Further details will be provided in the provisional report, due to be released on or

about 24 June 2016. Financial information on which this trading statement is based

has not been reviewed or reported on by the company’s auditors.




Cape Town

15 June 2016

Sponsor: Investec Bank Limited




                                                                                  

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