NASPERS - RESULTS OF GENERAL MEETINGS

RESULTS OF GENERAL MEETINGS
NASPERS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 04/01431/06)
("THE COMPANY" OR "NASPERS")
RESULTS OF GENERAL MEETINGS REGARDING:
- THE CHANGE OF NAME; AND
- THE ISSUE FOR CASH.
1. INTRODUCTION

FBC MERCHANT BANK IS AUTHORISED TO ANNOUNCE THAT, AT THE GENERAL MEETING OF "A"
ORDINARY SHAREHOLDERS AND "N" ORDINARY SHAREHOLDERS OF NASPERS ("SHAREHOLDERS")
HELD ON FRIDAY, 7 AUGUST 1998, THE SPECIAL AND ORDINARY RESOLUTIONS PROPOSED IN
THE CIRCULAR TO SHAREHOLDERS DATED 22 JUNE 1998 WERE DULY PASSED BY THE
REQUISITE MAJORITY OF SHAREHOLDERS. THE SPECIAL RESOLUTION PASSED AT THE ABOVE
GENERAL MEETING AND IN TERMS WHEREOF THE NAME OF THE COMPANY HAS BEEN CHANGED
FROM "NASIONALE PERS BEPERK" TO "NASPERS LIMITED" ("THE CHANGE OF NAME") HAS
BEEN REGISTERED BY THE REGISTRAR OF COMPANIES.
2. EFFECTIVE DATE OF THE CHANGE OF NAME

THE JOHANNESBURG STOCK EXCHANGE ("THE JSE") HAS AGREED TO AMEND THE LISTING OF
THE "N" ORDINARY SHARES OF THE COMPANY TO TAKE ACCOUNT OF THE CHANGE OF NAME,
WITH EFFECT FROM THE COMMENCEMENT OF TRADING ON THE JSE ON MONDAY, 17 AUGUST
1998.

EXISTING CERTIFICATES IN RESPECT OF "N" ORDINARY SHARES WILL NOT BE GOOD FOR
DELIVERY FOR TRANSACTIONS ENTERED INTO ON THE JSE FROM THE COMMENCEMENT OF
TRADING ON MONDAY, 17 AUGUST 1998.
3. ISSUE FOR CASH

THE NECESSARY ORDINARY RESOLUTION WAS PASSED BY THE GENERAL MEETING (INCLUDING
THE MAJORITY REQUIRED BY THE JSE) TO PLACE THE ADDITIONAL UNISSUED ORDINARY
SHARES IN THE AUTHORISED SHARE CAPITAL OF NASPERS UNDER THE CONTROL OF THE
DIRECTORS SUBJECT TO THE LISTING REQUIREMENTS OF THE JSE SUCH THAT THE
DIRECTORS OF NASPERS MAY ISSUE DEBENTURES WHICH ARE CONVERTIBLE INTO "N"
ORDINARY SHARES, OR "N" ORDINARY SHARES ("SHARES") FOR CASH, AS AND WHEN
APPROPRIATE SITUATIONS ARISE IN THE FUTURE.
4. SURRENDER OF EXISTING CERTIFICATES

FORMS OF SURRENDER WERE INCLUDED IN THE CIRCULAR SENT TO SHAREHOLDERS ON 22
JUNE 1998 IN ORDER TO FACILITATE THE SURRENDER OF EXISTING CERTIFICATES.
FURTHER COPIES OF THE FORMS OF SURRENDER WILL BE INCLUDED IN A SURRENDER
CIRCULAR TO BE SENT TO SHAREHOLDERS ON FRIDAY,
14 AUGUST 1998.

SHAREHOLDERS WHO HAVE NOT ALREADY DONE SO, ARE REQUESTED TO SURRENDER THEIR
EXISTING CERTIFICATE UNDER COVER OF THE RELEVANT FORMS OF SURRENDER TO THE
COMPANY'S TRANSFER SECRETARIES, OPTIMUM REGISTRARS LIMITED, AS SOON AS POSSIBLE
TO ENABLE THE TRANSFER SECRETARIES TO ISSUE NEW CERTIFICATES REFLECTING THE
CHANGE OF NAME.
5. POSTING OF NEW CERTIFICATES

NEW CERTIFICATES WILL BE POSTED BY REGISTERED MAIL TO THE RELEVANT SHAREHOLDERS
CONCERNED, AT THE RISK OF SUCH SHAREHOLDERS, ON FRIDAY, 14 AUGUST 1998, IF THE
EXISTING CERTIFICATES WERE SURRENDERED ON OR PRIOR TO FRIDAY, 7 AUGUST 1998.
FOR EXISTING CERTIFICATES SURRENDERED AFTER FRIDAY, 7 AUGUST 1998, NEW
CERTIFICATES WILL BE POSTED WITHIN FIVE BUSINESS DAYS OF RECEIPT OF SUCH
CERTIFICATES BY THE TRANSFER SECRETARIES.
CAPE TOWN
12 AUGUST 1998
MERCHANT BANK
FUTURE BANK CORPORATION LIMITED
REGISTRATION NUMBER: 93/92510/06
SPONSORING BROKER
BOE SECURITIES (PTY) LIMITED
REGISTRATION NUMBER 96/15589/07
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
ATTORNEYS
JAN S DE VILLIERS & SON