NASPERS LIMITED - Correction of the Apportionment Ratio for South African Income Tax Purposes in respect of the Novus Unbundling

Correction of the Apportionment Ratio for South African Income Tax Purposes in respect of the Novus Unbundling

Naspers Limited
(Incorporated in the Republic of South Africa)
Registration number: 1925/001431/06
Share code: NPN
ISIN: ZAE000015889
(“Naspers”)

CORRECTION OF THE APPORTIONMENT RATIO FOR SOUTH AFRICAN INCOME TAX PURPOSES
IN RESPECT OF THE NOVUS UNBUNDLING

Naspers “N” shareholders (“Shareholders”) are referred to the announcement released on SENS on
Thursday, 21 September 2017 regarding the apportionment of the tax cost for South African income tax
purposes in respect of the unbundling of Novus Holdings Limited (“Novus”) shares (“Unbundling”).

Shareholders are hereby advised that the revised apportionment ratio is as follows, 99.93372% to a
Naspers “N” share held after the Unbundling and 0.06628% to an unbundled Novus share.
(“Apportionment Ratios”).

The Apportionment Ratios are based on the closing price of R2 972.44 per Naspers “N” share and R5.70
per Novus share on Wednesday, 20 September 2017.

THIS ANNOUNCEMENT IS NOT INTENDED TO BE A COMPLETE ANALYSIS OF THE TAX
IMPLICATIONS OF THE UNBUNDLING. IT IS NOT INTENDED TO BE, NOR SHOULD IT BE
CONSIDERED TO BE, LEGAL OR TAX ADVICE. NASPERS SHAREHOLDERS ARE ADVISED TO
CONSULT THEIR OWN PROFESSIONAL TAX ADVISORS ON THE TAXATION CONSEQUENCES
OF THE UNBUNDLING IN BOTH SOUTH AFRICA AND THEIR JURISDICTION OF RESIDENCE
AND THE CALCULATION OF THEIR COSTS FOR TAXATION PURPOSES.

Cape Town

29 September 2017

Financial advisor and sponsor
Investec Bank Limited

Legal advisors
Glyn Marais Inc.
Werksmans Inc.

Tax advisors
PricewaterhouseCoopers Tax Services Proprietary Limited

Date: 29/09/2017 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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