Finalisation Announcement in relation to the Unbundling of Novus Holdings Limited Shares to Naspers Shareholders Naspers Limited (Incorporated in the Republic of South Africa) Registration number: 1925/001431/06 Share code: NPN ISIN: ZAE000015889 (“Naspers” or the “Company”) FINALISATION ANNOUNCEMENT IN RELATION TO THE UNBUNDLING OF NOVUS HOLDINGS LIMITED SHARES TO NASPERS SHAREHOLDERS 1. Introduction 1.1. Naspers “N” and “A” shareholders (“Naspers Shareholders”) are referred to the announcement released on SENS on 5 September 2017 (“Detailed Announcement”) in terms of which Naspers Shareholders were advised that the Company will unbundle 151,786,287 Novus Holdings Limited shares to Naspers Shareholders (“Unbundling”). 1.2. There have been no changes to the terms or the timing of the Unbundling as set out in the Detailed Announcement. 2. Salient dates and times For ease of reference, the salient dates and times relating to the Unbundling, which are unchanged from those disclosed in the Detailed Announcement, have been set out in the timetable hereunder: 2017 Finalisation announcement expected to be released on SENS, if required Tuesday, 12 September Expected LDT Date in order to participate in the Unbundling Tuesday, 19 September Announcement expected to be released on SENS in respect of the cash Thursday, 21 September payment applicable to fractional entitlements to the Unbundling, based on the VWAP of the Unbundled Novus Shares traded on the JSE on Wednesday, 20 September 2017, discounted by 10% Announcement expected to be released on SENS in respect of the specified Thursday, 21 September ratio apportionment related to the tax consequences of the Unbundling Expected Record Date on which Naspers Shareholders must be recorded in Friday, 22 September Naspers’ share register to participate in the Unbundling Expected Operative Date of the Unbundling Tuesday, 26 September Naspers Shareholders’ accounts at CSDP or broker expected to be updated Tuesday, 26 September and credited 1. The defined terms used in the above table will have the meaning ascribed to them in the Detailed Announcement. 2. The above dates are subject to amendment. Any material amendments will be released on SENS. Cape Town 12 September 2017 Financial advisor and sponsor Investec Bank Limited Legal advisors Glyn Marais Inc. Werksmans Inc. Tax advisors PricewaterhouseCoopers Tax Services Proprietary Limited Date: 12/09/2017 02:55:00 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.