Informative Notice – 20190122 Naspers Multichoice Unbundling Informative Notice: Unbundling of MultiChoice Group by Naspers FTSE/JSE Africa Index Series 22 January 2019 FTSE/JSE note the announced unbundling of MultiChoice Group (South Africa, MCG, ZAE000265971) shares to Naspers (South Africa, NPN, ZAE000015889) shareholders and the subsequent listing of MultiChoice Group on the JSE. For every one share held in Naspers, shareholders will receive one share in the unbundled company, MultiChoice Group, which will have a primary listing on the Johannesburg Stock Exchange (JSE). Subject to Regulatory approval and based on the expected timetable of events, FTSE/JSE anticipate the following treatment: Wednesday 27 February 2019 (from market open): MultiChoice Group will be added into the same indexes as Naspers (including the FTSE/JSE Top 40) based on the unbundling terms and at an estimated price. A price adjustment will be applied to Naspers by way of a capital repayment. There will be no index divisor changes as a result. Wednesday 27 February (at market close): For those indexes that have a fixed number of constituents, the indexes will be ranked based on the closing prices on Wednesday 27 February, with the lowest ranked constituent removed, providing one day’s notice. Further notices will be published to confirm membership changes. Friday 1 March 2019 (from market open): The index changes as a result of the ranking process (as notified prior) will become effective. Please contact indices@jse.co.za or info@ftse.com should more information be required. For further information or general enquiries please contact us at info@ftse.com or indices@jse.co.za or call: Australia +1800 653 680 Hong Kong +852 2164 3333 Japan +81 3 4563 6346 London +44 (0) 20 7866 1810 New York +1866 551 0617 JSE Limited: +27 11 520 7000 Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za Terms of Use | Copyright © FTSE Date: 22/01/2019 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.