Naspers pay-television subscribers to 30 June 2003

Naspers pay-television subscribers to 30 June 2003                              
Naspers Limited                                                                 
ISIN ZAE 000015889   Share code: NPN                                            
Going forward, Naspers will only release subscriber numbers at six-month        
intervals, as at 31 March and 30 September, in line with financial results      
announcements.                                                                  
Where required, the group will release trading updates as required by the JSE.  
Shareholders are reminded of the trading update released last week where Naspers
indicated that financial results to September 2003 may substantially exceed     
those of the corresponding period last year.                                    
The group ended the quarter with 2 005 338 subscribers, 67% of whom subscribe to
the digital service. The major impact of this period is the traditional churn   
experienced during the summer holiday season in some of our markets.            
South Africa:                                                                   
In line with expectations, the South African subscriber base, which is mature,  
remained flat for the quarter, ending with 1 043 888 subscribers. Subscribers to
the digital service increased by 14 751 during the quarter, mainly due to       
subscribers continuing to migrate from the analogue to the digital service.     
Digital subscribers now represent 66% of the subscriber base.                   
Sub-Saharan Africa:                                                             
Certain analogue services across Africa are being terminated. This has resulted 
in a decline in the analogue subscriber base by 2 752, to end the quarter with  
12 657 subscribers.                                                             
The digital subscriber base in sub-Saharan Africa declined by 2 599 for the     
quarter to 242 395. This decline is due to a combination of factors, including  
the end of the soccer season and churn experienced during the summer holiday    
season. Subsequent to 30 June, and following the end of the summer holiday      
season, the digital sub-Saharan subscriber base has shown good growth.          
Greece:                                                                         
Greece experienced the usual summer churn, with the analogue base declining by  
14 978 and the digital base declining by 3 444 subscribers, ending the quarter  
with 101 007 and 136 304 subscribers, respectively.  Following the end of the   
summer holiday season, the subscriber base has shown good growth.               
Cyprus also traditionally experiences summer churn, with the subscriber base    
declining by 5 992 subscribers, to end the quarter with 48 444 subscribers.     
Thailand:                                                                       
UBC increased its subscription fee and ceased broadcasting the Nation Channel   
effective 1 May 2003 and as a result has experienced higher churn than normal.  
The situation has been aggravated by the continued problem of provincial cable  
piracy, with the subscriber base declining by 16 946 subscribers, to end the    
quarter with 420 643 subscribers. Subscriber churn stabilised after 30 June.    
                                   March          June           3 month        
                                   2003           2003           movement       
Africa                                                                          
SA - analogue                      365 825        350171         (15 654)       
SA - digital                       678 966        693 717        14751          
Total South Africa                 1 044 791      1 043 888      (903)          
Sub-Saharan - analogue             15 409         12 657         (2 752)        
Sub-Saharan - digital              244 994        242 395        (2 599)        
Total sub-Saharan Africa           260 403        255 052        (5 351)        
Total Africa                       1 305 194      1 298 940      (6 254)        
Greece - analogue                  115 985        101 007        (14 978)       
Greece - digital                   139 748        136 304        (3 444)        
Cyprus                             54 436         48 444         (5 992)        
Total Med                          310 169        285 755        (24 414)       
Thailand - analogue                145 687        140 433        (5 254)        
Thailand - digital                 291 902        280 210        (11 692)       
Total Thailand                     437 589        420 643        (16 946)       
TOTAL                              2 052 952      2 005 338      (47 614)       
Analogue                           697 342        652 712        (44 630)       
Digital                            1 355 610      1 352 626      (2 984)        
Date: 11/09/2003 02:17:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department