NPNIHD - Dividend announcement INVESTEC BANK LIMITED WARRANTS JSE SHARE CODE: NPNIHD JSE ISIN CODE: ZAE000207239 DECLARED DIVIDEND ANNOUNCEMENT ON NASPERS LIMITED HOT ENHANCED DIVIDEND SECURITIES - (“NPNIHD”) With reference to the dividend announcement, the Directors of Naspers Limited have declared a dividend of 470 cents per ordinary share payable on Monday, 21 September 2015 to ordinary shareholders recorded in the books of the company at the close of business on Friday , 18 September 2015. In terms of the new Dividend Tax effective 1 April 2012, the following additional information is disclosed: 1) local dividend tax rate is 15%; 2) net local dividend amount is 399.5 cents per share for shareholders liable to pay the new Dividends Tax and 470 cents per share for shareholders exempt from paying the new Dividends Tax; and 3) the issued share capital of Naspers Limited is 419,203,470 ordinary shares. Accordingly, the holders of NPNIHD will receive a Naspers Limited dividend amount per ordinary share payable on Monday, 21 September 2015 in terms of the Cession clause incorporated in the Supplement between the holders and Investec Bank Limited. The last day to trade (“cum” the dividend) in order to participate in the dividend will be Friday, 11 September 2015. NPNIHD Hot Enhanced Dividend Securities will commence trading “ex” the dividend from the commencement of business on Monday, 14 September 2015 and the record date will be Friday, 18 September 2015. 20 July 2015 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 For further information contact: Investec Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Internet: www.investec.com Sponsor Investec Securities (Pty) Limited Member of the JSE Registration number. 1972/008905/07) Date: 20/07/2015 02:05:00 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.