Informative Notice – 20190325 Naspers Listing of International Assets Informative Notice: Listing of International Assets by Naspers FTSE/JSE Africa Index Series 25 March 2019 FTSE/JSE notes the announced listing of Naspers’ (South Africa, NPN, ZAE000015889) international assets through a capitalisation issue to shareholders and the subsequent listing on the JSE (“NewCo”). Naspers will retain its primary listing on the JSE, and NewCo will have a secondary, inward listing on the JSE. The transaction is subject to the requisite regulatory and shareholder approvals being obtained, and further information will be available in the coming weeks and months. FTSE/JSE will provide further information on the index treatment of this transaction once the details have been published. However, the following points are highlighted: ? The announcement indicates that Naspers will retain its primary listing on the JSE. Subject to it continuing to meet all other eligibility criteria, Naspers would therefore retain its inclusion in the FTSE/JSE Africa Index Series. ? The announcement indicates that NewCo will have a secondary, inward listing on the JSE. The index free float for inward listings typically excludes any shares held on a foreign share register. ? Should the transaction be treated as an unbundling or spin-off, then NewCo will be added as a constituent to the same indices as Naspers, and will remain in the indices subject to it continuing to meet all other eligibility criteria. Refer to the FTSE Russell Corporate Actions and Events Guide for Market Capitalisation Weighted Indexes for further information on standard treatment of corporate actions in the index series. https://www.ftse.com/products/downloads/Corporate_Actions_and_Events_Guide.pdf Following the final information on the transaction being published, FTSE/JSE will publish an updated Informative Notice with further information. A final Index Change Announcement will be published prior to the effective date. 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: 25/03/2019 09:30:00 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.