NASPERS LIMITED - LISTING OF TENCENT,TRADING STATEMENT AND CAUTIONARY

NASPERS LIMITED - LISTING OF TENCENT,TRADING STATEMENT AND CAUTIONARY           
ANNOUNCEMENT                                                                    
NASPERS LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1925/001431/06)                                            
Share code:  NPN     ISIN: ZAE000015889                                         
APPROVAL FOR LISTING TENCENT ON HONG KONG STOCK EXCHANGE, TRADING STATEMENT AND 
CAUTIONARY ANNOUNCEMENT                                                         
On 5 December 2003 Naspers announced that Tencent Holdings Limited ("Tencent"), 
the real-time communications joint venture in China in which it holds an        
interest, was investigating the feasibility of an initial public offering       
("IPO"). Shareholders are advised that Tencent made an announcement today,      
noting that application had been made to the Listing Committee of the Hong Kong 
Stock Exchange ("Exchange"), and that approval in principle was granted for the 
primary listing of its ordinary shares on the Exchange.                         
Of the ordinary shares to be offered by Tencent, 10% will be initially available
for subscription by the public in Hong Kong and the balance will be offered in  
the United States to qualified institutional buyers pursuant to Rule 144A under 
the United States Securities Act of 1933, as amended, or other exemption        
thereunder, as well as in other jurisdictions outside the United States.        
Dealings in the Tencent ordinary shares are expected to commence on 16 June     
2004.                                                                           
In a trading update on 20 February 2004, shareholders were informed that the    
earnings of Naspers for the financial year ending 31 March 2004 will be         
substantially higher than the previous year. Shareholders are further advised   
that the application of certain accounting standards will provide a further     
boost to headline earnings.  Accordingly, shareholders are advised to continue  
to exercise caution in trading in the company"s shares until the release of the 
financial results, which are expected to be reported in the last week of June   
2004.                                                                           
CAPE TOWN                                                                       
7 June 2004                                                                     
Sponsor: Investec Bank Limited                                                  
Date: 07/06/2004 08:11:07 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department