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 condensed consolidated interim report for the six months ended 30 September 2016.



We expect core headline earnings per share to be between 23% (39 US cents) and 28%

(47 US cents) higher than the comparable period’s 169 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 six months ended 30 September 2016 will

be between 10% (15 US cents) and 15% (22 US cents) lower compared to the prior

period’s 148 US cents.
                                           


Headline earnings per share is expected to increase by between 10% (11 US cents)

and 15% (17 US cents) from the prior period’s 114 US cents.



Further details will be provided in the condensed consolidated interim report, due to be

released on or about 25 November 2016. Financial information on which this trading

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




Cape Town
18 November 2016

Sponsor: Investec Bank Limited




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