Director/PDMR Shareholding

Naspers Limited

(Incorporated in the Republic of South Africa)

(Registration number 1925/001431/06)

JSE share code: NPN ISIN: ZAE000015889

LSE ADS code: NPSN ISIN: US 6315121003

("Naspers" or "the company")

IN COMPLIANCE WITH RULE 3.92 OF THE JSE LISTINGS REQUIREMENTS, THE FOLLOWING INFORMATION IS DISCLOSED:-

Group share-based incentive plan: MIH Holdings Limited Share Trust

Company: Naspers Limited

Transaction date: 26 November 2019

Number of shares: 4 027 Naspers shares

Class of shares: N ordinary

Total value of transaction: R8 798 471.49

Volume weighted average

price per share: R2 184.87

Highest price per share: R2 192.46

Lowest price per share: R2 179.94

Nature of transaction: On market acquisition of Naspers N ordinary shares to satisfy the MIH Holdings Limited Share Trust's obligation toward its participants for awards made.

Group share-based incentive plan: MIH Services FZ LLC Share Trust

Company: Naspers Limited

Transaction date: 26 November 2019

Number of shares: 165 Naspers shares

Class of shares: N ordinary

Total value of transaction: R360 503.55

Volume weighted average

price per share: R2 184.87

Highest price per share: R2 192.46

Lowest price per share: R2 179.94

Nature of transaction: On market acquisition of Naspers N ordinary shares to satisfy the MIH Services FZ LLC Share Trust's obligation toward its participants for awards made.

Group share-based incentive plan: Naspers Restricted Stock Plan Trust

Company: Naspers Limited

Transaction date: 26 November 2019

Number of shares: 12 357 Naspers shares

Class of shares: N ordinary

Total value of transaction: R26 998 438.60

Volume weighted average

price per share: R2 184.87

Highest price per share: R2 192.46

Lowest price per share: R2 179.94

Nature of transaction: On market acquisition of Naspers N ordinary shares to satisfy the Naspers Restricted Stock Plan Trust's obligation toward its participants for awards made.

Nature of interests: Indirect beneficial

Clearances: Clearance has been received in terms of paragraph 3.92 of the JSE Listings Requirements

CAPE TOWN

28 November 2019

Sponsor: Investec Bank Limited