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 provisional

report for the year ended 31 March 2015.



We expect core headline earnings per share to be between 25% (2 726 cents) and

30% (2 835 cents) higher than the comparable period’s 2 181 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 year ended 31 March 2015, will be

between 135% (3 422 cents) and 145% (3 567 cents) higher compared to the prior

period’s 1 456 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 year are expected to increase between 15%

(1 741 cents) and 20% (1 817 cents) from the prior period’s 1 514 cents.



Further details will be provided in the provisional report, due to be released on or

about 29 June 2015. Financial information on which this trading statement is based

has not been reviewed or reported on by the company’s auditors.




Cape Town

17 June 2015

Sponsor: Investec Bank Limited




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