NASPERS LIMITED - Naspers Directorate Changes

Naspers Directorate Changes

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”)


NASPERS DIRECTORATE CHANGES


Shareholders are advised that, as subsidiary MIH Holdings (Pty) Ltd (MIH) has grown to
comprise the vast majority of Naspers’ market capitalisation, large overlaps developed between
the activities of the MIH and Naspers boards. Accordingly, it was decided to reconfigure the
Naspers board. As part of this process Messrs Lourens Jonker, Neil van Heerden and Prof Hein
Willemse have resigned from the board effective 16 October 2013. We thank them for their
service and valuable contribution to the Naspers board. In view of their print media expertise
built up over many years, they have been invited to join the Media24 Holdings (Pty) Ltd board.

Messrs Craig Enenstein, Don Eriksson, Roberto Oliveira de Lima, Yuanhe Ma and Cobus
Stofberg have been appointed directors of Naspers with effect from 16 October 2013. Most of
them previously served on the board of MIH.

Craig Enenstein is the CEO of Corridor Capital, LLC, a Los Angeles-based private equity fund.
Mr Enenstein has experience in developing and driving growth strategies, performing
operational improvements and facilitating highly complex strategic consortia investments. He
holds an MBA Finance (Wharton School of Business), an MA International Studies (Lauder
Institute: University of Pennsylvania) and a BA (University of California: Berkeley).

Don Eriksson is a chartered accountant (SA) and an honorary life member of the Institute of
Directors (IOD). He is currently chair of Oakleaf Insurance Company Limited, Insurance
Outsourcing Managers Holdings Limited, Renasa Insurance Company and a former trustee and
current member of the audit and risk committees of Discovery Health Medical Scheme.

Roberto Oliveira de Lima is presently a board member of Telefonica Brasil, Natura Cosméticos,
Rodobens Negócios Imobiliários and Companhia Brasileira de Distribuição in Brazil and
Edenred in France. Mr Oliveira de Lima has a wealth of experience in the telecommunications
sector where he was CEO of the leading mobile telecommunication company in South America,
Vivo SA. He has a Bachelor in Public Administration and a Specialization in Corporate
Administration from FGV-Fundação Getúlio Vargas, São Paulo, as well as a post-graduate
degree in Finance and Strategic Planning from Institute Supérieur des Affaires.

Yuanhe Ma worked in various positions in China’s Administration of Radio, Film and
Television for more than 30 years, before retiring from his post as head of the Hong Kong office
in March 2002. Mr Ma graduated from Beijing Broadcasting Institute's Foreign Language
Department and has wide experience in many parts of the world.

Cobus Stofberg is a founder member of M-Net in 1986. He served as CEO of the MIH group
from 1997 to 2011, and has been instrumental in the expansion of the group. Prior to joining
M-Net, he was a partner of Coopers & Lybrand (predecessor of PricewaterhouseCoopers Inc.).
He holds a B.Comm (Law), LLB, from Stellenbosch, B.Compt (Honours) from the University of
South Africa (UNISA) and qualified as a chartered accountant in South Africa.

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The Naspers board now comprises 15 directors with Ton Vosloo as chair, Koos Bekker as CEO
and Steve Pacak as CFO.

Naspers will report its financial results for the first half of the present financial year in the last
week of November. More information on the group is available on the website
www.naspers.com.


Cape Town
17 October 2013

Sponsor: Investec Bank Limited




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