NASPERS LIMITED - Finalisation Announcement in relation to the Unbundling of Novus Holdings Limited Shares to Naspers Shareholders

Finalisation Announcement in relation to the Unbundling of Novus Holdings Limited Shares to Naspers Shareholders

Naspers Limited
(Incorporated in the Republic of South Africa)
Registration number: 1925/001431/06
Share code: NPN
ISIN: ZAE000015889
(“Naspers” or the “Company”)

FINALISATION ANNOUNCEMENT IN RELATION TO THE UNBUNDLING OF NOVUS HOLDINGS LIMITED
SHARES TO NASPERS SHAREHOLDERS

1.   Introduction
     1.1. Naspers “N” and “A” shareholders (“Naspers Shareholders”) are referred to the announcement released on
          SENS on 5 September 2017 (“Detailed Announcement”) in terms of which Naspers Shareholders were
          advised that the Company will unbundle 151,786,287 Novus Holdings Limited shares to Naspers
          Shareholders (“Unbundling”).
     1.2. There have been no changes to the terms or the timing of the Unbundling as set out in the Detailed
          Announcement.

2.   Salient dates and times
     For ease of reference, the salient dates and times relating to the Unbundling, which are unchanged from those
     disclosed in the Detailed Announcement, have been set out in the timetable hereunder:
                                                                                                          2017
      Finalisation announcement expected to be released on SENS, if required             Tuesday, 12 September
      Expected LDT Date in order to participate in the Unbundling                        Tuesday, 19 September
      Announcement expected to be released on SENS in respect of the cash                Thursday, 21 September
      payment applicable to fractional entitlements to the Unbundling, based on the
      VWAP of the Unbundled Novus Shares traded on the JSE on Wednesday, 20
      September 2017, discounted by 10%
      Announcement expected to be released on SENS in respect of the specified           Thursday, 21 September
      ratio apportionment related to the tax consequences of the Unbundling
      Expected Record Date on which Naspers Shareholders must be recorded in             Friday, 22 September
      Naspers’ share register to participate in the Unbundling
      Expected Operative Date of the Unbundling                                          Tuesday, 26 September
      Naspers Shareholders’ accounts at CSDP or broker expected to be updated            Tuesday, 26 September
      and credited

     1.   The defined terms used in the above table will have the meaning ascribed to them in the Detailed
          Announcement.
     2.   The above dates are subject to amendment. Any material amendments will be released on SENS.


Cape Town
12 September 2017

Financial advisor and sponsor
Investec Bank Limited

Legal advisors
Glyn Marais Inc.
Werksmans Inc.

Tax advisors
PricewaterhouseCoopers Tax Services Proprietary Limited

Date: 12/09/2017 02:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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