NPN - Naspers Limited - Delisting from NASDAQ; Termination of SEC registration

NPN - Naspers Limited - Delisting from NASDAQ; Termination of SEC registration  
and application for a secondary listing on the London Stock Exchange            
Naspers Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1925/001431/06)                                            
share code: NPN & ISIN Code: ZAE000015889                                       
("Naspers" or the "company" or the "group")                                     
NASPERS ANNOUNCES VOLUNTARY DELISTING FROM NASDAQ, TERMINATION OF SEC           
REGISTRATION AND APPLICATION FOR A SECONDARY LISTING ON THE LONDON STOCK        
EXCHANGE                                                                        
Naspers today announced that it will voluntarily delist its American Depositary 
Shares ("ADSs") (which are evidenced by American Depositary Receipts ("ADRs"))  
from the NASDAQ Global Market ("NASDAQ") and terminate its registration of the  
ADSs with the US Securities and Exchange Commission ("SEC").  Naspers will      
convert its current ADR programme into a Level I ADR programme to give current  
ADR holders the option to continue to hold ADRs.  Level I ADRs are traded in the
US over-the-counter ("OTC") market as opposed to on a US national securities    
exchange.                                                                       
Naspers also intends making application to list a Depository Receipt programme  
on the London Stock Exchange ("LSE") to provide a platform for international    
investors who wish to trade in Naspers N ordinary shares other than on the JSE  
Limited ("JSE") (the securities exchange in South Africa). The listing on the   
LSE is expected to become effective during the third quarter of 2007.           
The company`s decision to delist from NASDAQ is based on the high costs of      
maintaining its listing and registration in the US and complying with US        
obligations, especially the provisions of the Sarbanes-Oxley Act of 2002.       
Naspers believes that the resulting savings in costs and management time will   
benefit Naspers and its shareholders, while the continued trading of the        
company`s N ordinary shares on the JSE will provide liquidity to its            
shareholders and access to capital for Naspers. At 31 March 2007, the total     
number of issued ADSs accounted for approximately 1% of Naspers`s issued N      
ordinary shares.                                                                
Naspers delivered notice today to NASDAQ that it intends to delist the ADSs. As 
disclosed in the notice, Naspers expects to file a notification of removal from 
listing on the NASDAQ via Form 25 with the SEC on or about 28 May 2007. The     
withdrawal of the ADSs from listing should be effective 10 days after the filing
of the notice on Form 25 with the SEC.                                          
Concurrent with the delisting from NASDAQ, Naspers also intends to file notice  
of termination of registration on Form 15F with the SEC to terminate the        
registration of the ADSs under the US Securities Exchange Act of 1934 and to    
suspend Naspers`s duties to file reports with the SEC. Over the past twelve     
months, the daily trading volume on NASDAQ averaged approximately 1% of the     
total worldwide trading volume.  Naspers expects that its obligation to file    
reports with the SEC will be suspended immediately upon the delisting of the    
ADSs from NASDAQ.  Naspers reserves the right to delay the filing of the Form 25
or 15F or withdraw either Form for any reason prior to their effectiveness.     
Naspers`s primary listing will remain with the JSE. Accordingly, it is subject  
to the JSE Listings Requirements, high corporate governance standards as        
reflected in the guidelines contained in the King Report on Corporate Governance
for South Africa 2002 as well as laws applicable to publicly listed companies in
South Africa. Naspers reiterates its commitment to provide investors with timely
information regarding significant business and financial developments. The      
company will continue to host regular investor relations activities, including  
bi-annual earnings reporting, earnings calls, analyst meetings and investor     
roadshows. For more information about the company, please visit www.naspers.com.
Certain statements in this announcement constitute "forward looking statements" 
within the meaning of Section 27A of the US Securities Act of 1933 and Section  
21E of the US Securities Exchange Act of 1934.  Such forward looking statements 
involve known and unknown risks, uncertainties and other important factors that 
could cause the actual results, performance or achievements of Naspers to be    
materially different from the future results, performance or achievements       
expressed or implied by such forward looking statements.  These factors include 
those discussed in our reports submitted to the SEC.  We undertake no obligation
to update publicly or release any revisions to these forward looking statements 
to reflect events or circumstances after the date of this announcement or to    
reflect the occurrence of unanticipated events.                                 
Cape Town                                                                       
17 May 2007                                                                     
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 17/05/2007 10:00:03 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.