JOINT PRESS RELEASE BY NASPERS AND TRUSTEES OF THE WELKOM SHARE SCHEME

JOINT PRESS RELEASE BY NASPERS AND TRUSTEES OF THE WELKOM SHARE SCHEME          
Naspers Limited                                                                 
Share code:NPN                                                                  
ISIN: ZAE000015889                                                              
The Welkom Share Scheme was created in 1998 to enable members of previously     
disadvantaged communities to obtain Naspers shares by inviting them to subscribe
for convertible debentures.  The initial intention was that the Welkom Share    
Scheme would close on 9 September 2003.                                         
However, after the longest bull run this century when share prices in many      
markets in the world grew, from roughly 1981 to 2000, share markets have since  
dropped significantly.  If the Welkom Share Scheme was to be terminated now,    
Welkom Share Scheme participants would not realise a return on their investment.
The Trustees of the Welkom Share Scheme and the Board of Naspers believe it to  
be beneficial to the company to afford Welkom Share Scheme participants a       
further opportunity to become Naspers shareholders.  Consequently it was        
decided, subject to approval by Naspers shareholders, to extend non-redeemable  
offers to Welkom Share Scheme participants to subscribe for the same number of  
Naspers N shares as they would have received in terms of the Welkom Share       
Scheme. These offers will be exercisable during September 2006 at a price of    
R31,96. Welkom Share Scheme participants will receive further details of this   
offer via mail.                                                                 
A dedicated call center has been created to respond to enquiries from           
participants regarding the Welkom Share Scheme. Participants can call the toll- 
free number 0800 21 24 14 or e-mail queries to welkom@naspers.com.              
Should you require any further information, or would like to request a one-on-  
one interview with Conrad Sidego, Executive Trustee, Please call Bernadette on  
021 406-2977.                                                                   
THE TRUSTEES OF THE WELKOM SHARE TRUST                                          
Date: 28/07/2003 12:26:00 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department