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 is presently finalising its interim

report for the six months to 30 September 2013.



We expect core headline earnings per share to be between 10% and 20% higher than

the comparable period’s 1 073 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 to 30 September 2013 will be

between 20% and 30% lower compared to the prior period’s 1 079 cents, mainly as a

consequence of a non-recurring profit in the previous period when Mail.ru sold some

of its shares in Facebook, as well as impairment charges.


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Headline earnings per share for the period are expected to be between 5% and 15%

higher than the prior period’s 830 cents.



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

26 November 2013. Financial information on which this trading statement is based

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




Cape Town

15 November 2013

Sponsor: Investec Bank Limited




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