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NPN - Naspers - Further Announcement Disposal Of Netmed N.V. And Cautionary

Release Date: 23/04/2008 08:55
Code(s): NPN
Wrap Text

NPN - Naspers - Further Announcement Disposal Of Netmed N.V. And Cautionary 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: US6315121003 ("Naspers" or "the company") FURTHER ANNOUNCEMENT DISPOSAL OF NETMED N.V. AND CAUTIONARY Shareholders are referred to the announcement published on 15 April 2008 in which Naspers advised that Myriad International Holdings B.V., an indirect wholly owned subsidiary of Naspers, had entered into conditional sale agreements for the disposal of its Greek and Cypriot pay-TV operations ("NetMed") to Forthnet SA ("Forthnet") a leading Greek telecommunication company. As previously advised, 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. Certain financial information on NetMed, including unaudited estimated results to 31 March 2008, has been provided to Forthnet, which it intends to disclose publicly as part of its rights offer process. Details of such information can be found on the Naspers website www.naspers.com. Shareholders are reminded that they should continue to exercise caution when dealing in the company`s securities until a further announcement is made. CAPE TOWN 23 April 2008 Sponsor Investec Bank Limited (Registration number 1969/004763/06) Date: 23/04/2008 08:55:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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