NPN/NPSN - Naspers - Disposal of NetMed N.V. and cautionary announcement

NPN/NPSN - Naspers - Disposal of NetMed N.V. and cautionary announcement        
Naspers Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1925/001431/06)                                            
JSE share code: NPN   ISIN: ZAE000015889                                        
LSE ADS code: NPSN   ISIN: US 6315121003                                        
("Naspers" or "the company")                                                    
Disposal of NetMed N.V. and cautionary announcement                             
1. Introduction                                                                 
On 31 October 2007 Naspers advised that, following a review of its strategic    
investment priorities, it had initiated a formal process to explore the sale    
of its Greek and Cypriot pay-TV operations ("NetMed").                          
Myriad International Holdings B.V., an indirect wholly owned subsidiary of      
Naspers, has now entered into conditional sale agreements (the "agreements")    
for the disposal of NetMed to Forthnet SA ("Forthnet"), a leading Greek         
telecommunication company. The agreements place an enterprise value on NetMed   
of EUR490 million (US$760 million).                                             
2. Transaction conditions and cautionary                                        
The completion of the transaction is subject to a number of conditions,         
including the approval by Forthnet`s shareholders of a rights issue to partly   
fund the acquisition of NetMed. In addition, Forthnet will be required to       
raise debt funding. The transaction is subject to the risks typical of such     
capital raising.                                                                
Once the majority of the conditions are met and the financial effects of the    
transaction can be determined, the appropriate announcement will be made by     
Naspers. It is anticipated that this transaction will be a category 2           
transaction in terms of the JSE Limited Listings Requirements.                  
Shareholders are therefore advised that the company has entered into            
agreements, which may have a material effect on the price of the company`s      
securities. Accordingly, shareholders are advised to exercise caution when      
dealing in the company`s securities until a further announcement is made.       
Cape Town                                                                       
15 April 2008                                                                   
Sponsor                                                                         
Investec Bank Limited                                                           
(Registration number 1969/004763/06)                                            
Date: 15/04/2008 09:00:01 Supplied by www.sharenet.co.za                     
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