Index Change Advice – 20190227 Naspers Unbundling of MultiChoice Group Naspers (South Africa): Unbundling of MultiChoice Group (South Africa) FTSE/JSE Africa Index Series 22 February 2019 Subject to the completion of the unbundling of MultiChoice Group (South Africa, non-constituent) from Naspers (South Africa, constituent) and following notification from the Stock Exchange, please see details of affected indexes and effective dates below: Effective From Index Change Start of Trading FTSE/JSE Top 40 Index (J200) MultiChoice Group (South Africa, 27 February 2019 ZAE000265971, BHZSKR4) will be added to the index with a shares in issue total of 438,656,059* and an investability weighting of 97.030000217095%. Naspers (South Africa, ZAE000015889, 6622691) will remain in the index with an unchanged shares in issue total of 438,656,059 and an unchanged investability weighting of 97.030000217095%. FTSE/JSE All Share Index (J203) MultiChoice Group will be added to the 27 February 2019 index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Large Cap Index (J205) MultiChoice Group will be added to the 27 February 2019 index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Large and Mid Cap Index MultiChoice Group will be added to the 27 February 2019 (J206) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Industrial 25 Index MultiChoice Group will be added to the 27 February 2019 (J211) index as detailed above. Naspers will remain in the index as detailed above. Effective From Index Change Start of Trading FTSE/JSE Capped Industrial 25 MultiChoice Group will be added to the 27 February 2019 Index (J311) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Financial & Industrial 30 MultiChoice Group will be added to the 27 February 2019 Index (J213) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Equally Weighted Top 40 MultiChoice Group will be added to the 27 February 2019 Index (J2EQ) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Equally Weighted MultiChoice Group will be added to the 27 February 2019 Industrial 25 Index (J5EQ) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE RAFI All Share Index MultiChoice Group will be added to the 27 February 2019 (J263) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE RAFI All Share Capped MultiChoice Group will be added to the 27 February 2019 Index (J283) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Capped Top 40 Index MultiChoice Group will be added to the 27 February 2019 (J300) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Capped All Share Index MultiChoice Group will be added to the 27 February 2019 (J303) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Style Index (J330 and MultiChoice Group will be added to the 27 February 2019 J331) index as detailed above. Naspers will remain in the index as detailed above. Effective From Index Change Start of Trading FTSE/JSE RAFI 40 Index (J260) MultiChoice Group will be added to the 27 February 2019 index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Top 40 Minimum Variance MultiChoice Group will be added to the 27 February 2019 Index (J700) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE All-Share Minimum MultiChoice Group will be added to the 27 February 2019 Variance Index (J703) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE All Share Comprehensive MultiChoice Group will be added to the 27 February 2019 Factor Index (J203CF) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE All Share Momentum MultiChoice Group will be added to the 27 February 2019 Factor Index (J203MF) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE All Share Quality Factor MultiChoice Group will be added to the 27 February 2019 Index (J203QF) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE All Share Size Factor MultiChoice Group will be added to the 27 February 2019 Index (J203SF) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE All Share Value Factor MultiChoice Group will be added to the 27 February 2019 Index (J203VF) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE All Share Volatility Factor MultiChoice Group will be added to the 27 February 2019 Index (J203VOF) index as detailed above. Naspers will remain in the index as detailed above. Effective From Index Change Start of Trading FTSE/JSE Shareholder Weighted All MultiChoice Group (South Africa, 27 February 2019 Share Index (J403) ZAE000265971, BHZSKR4) will be added to the index with a shares in issue total of 438,656,059* and an investability weighting of 97.030000217095%. Naspers (South Africa, ZAE000015889, 6622691) will remain in the index with an unchanged shares in issue total of 438,656,059 and an unchanged investability weighting of 97.030000217095%. FTSE/JSE Capped Shareholder MultiChoice Group will be added to the 27 February 2019 Weighted All Share Index (J433) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Shareholder Weighted MultiChoice Group will be added to the 27 February 2019 Top 40 Index (J400) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Capped Shareholder MultiChoice Group will be added to the 27 February 2019 Weighted Top 40 Index (J430) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Shareholder Weighted MultiChoice Group will be added to the 27 February 2019 Industrial 25 Index (JSZ1) index as detailed above. Naspers will remain in the index as detailed above. FTSE/JSE Shareholder Weighted MultiChoice Group will be added to the 27 February 2019 Financial & Industrial 30 Index index as detailed above. (JSZ3) Naspers will remain in the index as detailed above. FTSE/JSE Responsible Investment MultiChoice Group will be added to the 27 February 2019 Index (J113) index as detailed above. Naspers will remain in the index as detailed above. *The number of shares is based on the unbundling terms of 1 MultiChoice Group share for each Naspers share held. The ICB classification for MultiChoice Group will be 5553 (Broadcasting and Entertainment) upon listing. The ICB classification for Naspers will be updated to 9535 (Internet), effective 1 March 2019. MultiChoice Group will list on the Main Board of the JSE, with trading expected to commence 27 February 2019. The Value and Growth rating for MultiChoice Group within the FTSE/JSE Style Index are as follows: Value: 0%, Growth: 100%. Please note: FTSE/JSE will issue a further notice detailing any stocks to be removed from fixed indexes as a result of the unbundling, based on closing prices as of Wednesday 27 February 2019. The index changes will be effective from the open of Friday 1 March 2019. 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