Notice: Distribution of MultiChoice Group Limited shares to Naspers STUB holders - DBNPAY Deutsche Bank AG London JSE Code: DBNPAY Short Name: DBSTNPAY Long Name: DB STUBNPAY 16JUL2019 Underlying: Naspers Limited (NPN) Listing Date: 16 July 2018 Expiry Date: 16 July 2019 ISIN: DE000DS0LA06 (“Naspers STUB”) NOTICE: DISTRIBUTION OF MULTICHOICE GROUP LIMITED SHARES TO NASPERS STUB HOLDERS 1. Holders of Naspers STUB certificates are advised that shares in MultiChoice Group Limited, to be listed on the JSE Limited as a primary listing on Wednesday, 27 February 2019 (“the MultiChoice Shares”), will be distributable at the ratio of 1 MultiChoice Share per Naspers STUB certificate following the unbundling of such MultiChoice Shares by Naspers Limited as detailed in their SENS announcement dated 21 January 2019, titled “Unbundling of MultiChoice Group Limited Shares to Naspers shareholders and listing of MultiChoice Group Limited on the JSE Limited” (“the Naspers SENS”). 2. Distributions are subject to Securities Transfer Tax at the prevailing market rate calculated on the market close price of a MultiChoice Share on Wednesday, 27 February 2019, being the anticipated listing date of the MultiChoice Shares as per the Naspers SENS. 3. Holders of Naspers STUB certificates are advised to consult their own taxation advisers on any further tax consequences attaching to this distribution. 4. The following salient dates should be noted: Last day to trade “cum” distribution: Tuesday, 26 February 2019 Securities trade “ex” distribution: Wednesday, 27 February 2019 Record date: Friday, 1 March 2019 Naspers STUB Certificate holders’ accounts at CSDP or broker expected to be updated and credited: Monday, 4 March 2019 These dates are subject to amendment, particularly resulting from, but not limited to, any change of material dates by Naspers Limited to the Naspers SENS. Any material changes hereto will be released on SENS. 12 February 2019 Manager or Issuer: Deutsche Bank AG, London For further information contact: Tel: +27 11 775 7079 E-mail: caitlin.van-rensburg@db.com Date: 12/02/2019 12:40:00 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.