NPN - Naspers Limited - Trading Statement

NPN - Naspers Limited - 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                                                               
Shareholders are advised that the Naspers group is presently finalising its     
interim report for the six months to 30 September 2011.                         
We expect core headline earnings per share to be between 5% and 15% higher than 
the comparable period`s 860 cents. Shareholders are reminded that the board     
considers core headline earnings an appropriate indicator of the sustainable    
operating performance of the group, as it adjusts for non-recurring and non-    
operational items.                                                              
It is expected that earnings per share for the six months to 30 September 2011  
will be between 40% and 50% lower compared to the prior period`s 921 cents,     
mainly as a consequence of once-off dilution gains in the prior period arising  
from the contribution of the group`s stake in Mail.ru into the newly listed     
entity.                                                                         
Headline earnings per share for the period are expected to be between 5% and 15%
higher than the prior period`s 633 cents.                                       
Further details will be provided in the interim report, due to be released on or
about 29 November 2011. Financial information on which this trading statement is
based has not been reviewed or reported on by the company`s auditors.           
Cape Town                                                                       
16 November 2011                                                                
Sponsor: Investec Bank Limited                                                  
Date: 16/11/2011 12:00:30 Supplied by www.sharenet.co.za                     
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