NASPERS LIMITED - Trading Statement

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 2014.

We expect core headline earnings per share to be between 18% (1 473 cents) and 24% 
(1 548 cents) higher than the comparable period’s 1 248 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 2014 will be
between 180% (2 209 cents) and 190% (2 288 cents) higher compared to the prior period’s
789 cents, mainly as a consequence of gains recognised by our associates on the sale and
remeasurement to fair value of investments. These gains have been excluded from both
core headline earnings and headline earnings per share.

Headline earnings per share for the period are expected to be between 18% (1 089 cents)
and 24% (1 144 cents) higher than the prior period’s 923 cents.

Further details will be provided in the interim report, due to be released on or about 
25 November 2014. Financial information on which this trading statement is based has not
been reviewed or reported on by the company’s auditors.



Cape Town
14 November 2014

Sponsor: Investec Bank Limited




                                                                                            1

Date: 14/11/2014 03:45:00 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.