Naspers Limited - Trading statement

Naspers Limited - Trading statement                                             
Naspers Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Reg. No 1925/001431/06)                                                        
Share Code: NPN          IZIN:  ZAE000015889                                    
("Naspers")                                                                     
Trading statement                                                               
Shareholders are advised that, as is now required, Naspers Limited will prepare 
its annual financial statements for the year ending 31 March 2006 in accordance 
with International Financial Reporting Standards (IFRS). For ease of comparison,
the financial information relating to the prior year will also be restated in   
terms of IFRS.                                                                  
The restated prior year headline earnings per share for the six months ended 30 
September 2004 under IFRS is expected to amount to 233 cents. The comparable    
headline earnings per share for the six months ended 30 September 2005 is       
anticipated to increase to between 335 cents and 380 cents.                     
Earnings per share for the prior period ended 30 September 2004 was artificially
boosted by a dilution profit of R380 million, arising mainly from the listing of
Tencent in Hong Kong, an event that did not recur in the current year. As a     
consequence, the current year earnings per share under IFRS for the six months  
ended 30 September 2005, is anticipated to be between 325 cents and 385 cents   
compared to the prior year restated earnings per share which is expected to     
amount to 364 cents.                                                            
The financial information on which this trading statement is based, has not been
reviewed or reported on by the company"s auditors. Further details will be      
provided in the interim results of Naspers, which are due to be published on or 
about 29 November 2005.                                                         
Cape Town                                                                       
4 November 2005                                                                 
Sponsor: Investec Bank Limited                                                  
Date: 04/11/2005 09:00:05 AM Supplied by www.sharenet.co.za                     
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