Directors Dealings NASPERS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) Share code: NPN ISIN: ZAE000015889 LSE ADS code: NPSN ISIN: US 6315121003 (‘Naspers’ or ‘the company’) In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, the following information is disclosed:- Director: Mr Mark Sorour Company: Naspers Limited Transaction date: 19 September 2018 Nature of transaction: Off market purchase and on market sale of securities: Mark Sorour exercised share appreciation rights in the Flipkart Private Limited share appreciation rights plan (vesting on dates as per above) and received 2 279 Naspers N ordinary shares in settlement of the gain. He then sold 1 034 Naspers N ordinary shares just to cover the tax on the exercise of the 12 009 share appreciation rights. The balance of 1 245 Naspers N ordinary shares was delivered to Mark Sorour. Class of shares: 1 034 N ordinary Total value of transaction: R3 291 811.38 Volume weighted average price per share: R3 183.57 Highest price per share: R3 183.57 Lowest price per share: R3 183.57 Date of vesting in the group share-based incentive plan: Share appreciation rights vest in five tranches in the Flipkart Private Limited share appreciation rights plan. Offer dated 10 September 2014: The first tranche of 617 appreciation rights vested on 10 September 2015; the second tranche of 617 appreciation rights vested on 10 September 2016; the third tranche of 617 appreciation rights vested on 10 September 2017; due to Naspers’s disposal of its entire 11.18% stake in Indian ecommerce company Flipkart Online Services Pvt. Ltd (the “Flipkart” transaction), the fourth and fifth tranches of 617 and 618 appreciation rights, respectively, vested on 7 September 2018. Offer dated 11 September 2015: The first tranche of 942 appreciation rights vested on 11 September 2016; the second tranche of 942 appreciation rights vested on 11 September 2017; due to Naspers’s disposal of its entire 11.18% stake in Indian ecommerce company Flipkart Online Services Pvt. Ltd (the “Flipkart” transaction), the third, fourth and fifth tranches of 942, 942 and 946 appreciation rights, respectively, vested on 7 September 2018. Offer dated 30 August 2016: The first tranche of 841 appreciation rights vested on 30 August 2017; the second tranche of 841 appreciation rights vested on 30 August 2018; due to Naspers’s disposal of its entire 11.18% stake in Indian ecommerce company Flipkart Online Services Pvt. Ltd (the “Flipkart” transaction), the third, fourth and fifth tranches of 841, 841 and 845 appreciation rights, respectively, vested on 7 September 2018. Mark Sorour had a defined period in which to exercise the share appreciation rights, failing which they would have lapsed. Nature of interest: Direct Beneficial Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements Cape Town 21 September 2018 Sponsor: Investec Bank Limited Date: 21/09/2018 05:30:00 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.