General SENS Submitter Company - Informative Notice 20190122 Naspers Multichoice Unbundling

Informative Notice – 20190122 Naspers Multichoice Unbundling

      Informative Notice: Unbundling of MultiChoice Group by Naspers
                        FTSE/JSE Africa Index Series

                                                      22 January 2019
FTSE/JSE note the announced unbundling of MultiChoice Group (South Africa, MCG,
ZAE000265971) shares to Naspers (South Africa, NPN, ZAE000015889) shareholders and the
subsequent listing of MultiChoice Group on the JSE.

For every one share held in Naspers, shareholders will receive one share in the unbundled
company, MultiChoice Group, which will have a primary listing on the Johannesburg Stock
Exchange (JSE).

Subject to Regulatory approval and based on the expected timetable of events, FTSE/JSE
anticipate the following treatment:

Wednesday 27 February 2019 (from market open):
MultiChoice Group will be added into the same indexes as Naspers (including the FTSE/JSE Top
40) based on the unbundling terms and at an estimated price. A price adjustment will be
applied to Naspers by way of a capital repayment. There will be no index divisor changes as a
result.

Wednesday 27 February (at market close):
For those indexes that have a fixed number of constituents, the indexes will be ranked based
on the closing prices on Wednesday 27 February, with the lowest ranked constituent removed,
providing one day’s notice.

Further notices will be published to confirm membership changes.

Friday 1 March 2019 (from market open):
The index changes as a result of the ranking process (as notified prior) will become effective.

Please contact indices@jse.co.za or info@ftse.com should more information be required.



For further information or general enquiries please contact us at info@ftse.com or indices@jse.co.za or call:

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Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za

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