NPN - Naspers - Trading Statement

NPN - Naspers - Trading Statement                                               
Naspers Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Reg. No 1925/001431/06)                                                        
JSE Share Code: NPN & ISIN: ZAE000015889                                        
LSE ADS Code: NPSN & ISIN: US6315121003                                         
("Naspers")                                                                     
Trading Statement                                                               
The Naspers group is presently finalising its interim report for the six months 
ended 30 September 2008. Shareholders are advised that the group continues to   
progress in most of the markets in which it operates.                           
It is expected that earnings per share for the six months ended 30 September    
2008 will be between 120% and 130% higher compared to the prior period`s        
earnings per share of 422 cents. Shareholders should note that this is mainly as
a consequence of the non-recurring accounting profit arising on the sale of the 
pay-television operation in Greece.                                             
Headline earnings per share for the period are expected to be between 20% and   
30% lower than the prior period`s headline earnings per share of 461 cents. This
is as a consequence of the accounting treatment for the amortisation of         
intangible assets arising from the application of purchase accounting to recent 
acquisitions.                                                                   
We expect core headline earnings to be between 0% and 10% higher than the       
comparable period`s R1,7 billion and core headline earnings per share to be     
between 0% and 10% lower than the comparable period`s core headline earnings per
share of 495 cents. Shareholders are reminded that the board considers core     
headline earnings an appropriate measure of the sustainable operating           
performance of the group, as it adjusts for non-recurring and non-operational   
items.                                                                          
Further details will be provided in the interim report, due to be released on or
about                                                                           
26 November 2008. The financial information on which this trading statement is  
based has not been reviewed or reported on by the company`s auditors.           
Cape Town                                                                       
12 November 2008                                                                
Sponsor: Investec Bank Limited                                                  
Date: 12/11/2008 14:00:06 Supplied by www.sharenet.co.za                     
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