23rd Aug 2007 09:45
Naspers Limited23 August 2007 Naspers Limited Receives Listing Approval for London Stock Exchange NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY ORINDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANYOTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement does not constitute an offer of securities to the public inthe United Kingdom. This communication is directed only at (i) persons who areoutside the United Kingdom or (ii) investment professionals falling withinArticle 19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (as amended) (the 'FP Order') and (iii) high net worthcompanies, unincorporated associations etc. and other persons to whom it maylawfully be communicated, falling within Article 49(2) of the FP Order (all suchpersons together being referred to as 'relevant persons'). Any investmentactivity to which this communication relates will only be available to and willonly be engaged in with, relevant persons. Any person who is not a relevantperson should not act or rely on this document or any of its contents. This announcement does not constitute or form part of any offer or invitation tosell or issue, or any solicitation of any offer to purchase or subscribe for,any american depository shares or other securities of Naspers, nor shall anypart of it nor the fact of its distribution form part of or be relied on inconnection with any contract or investment decision relating thereto, nor doesit constitute a recommendation regarding the securities of Naspers. South Africa, 23 August 2007 - Naspers Limited (JSE: NPN, LSE: NPSN) todayannounced it has received approval to list its American Depositary Shares (ADS)on the London Stock Exchange (LSE). The purpose of the listing is to providea platform for international investors who wish to trade in Naspers N OrdinaryShares other than on the JSE Limited (JSE) (the securities exchange in SouthAfrica). On 8 June 2007 Naspers voluntarily delisted its shares from the NASDAQ GlobalMarket (NASDAQ) and terminated its registration of the ADSs (which are evidencedby American Depositary Receipts (ADRs)) with the US Securities and ExchangeCommission. Naspers has converted its current ADR programme into a Level I ADRprogramme to give current ADR holders the option to continue to hold ADRs.Level I ADRs are traded in the US over-the-counter ("OTC") market as opposed toon a US national securities exchange. 23 August 2007 Contact details: Beverley Branford+27 21 406 4824+27 83 500 [email protected] Important legal information: This press release contains forward-looking statements. While theseforward-looking statements represent our judgements and future expectations, anumber of risks, uncertainties and other important factors could cause actualdevelopments and results to differ materially from our expectations. Thesefactors include, but are not limited to key factors that could adversely affectour businesses and financial performance. Naspers is not under any obligation to(and expressly disclaims any obligations to) update or alter its forward-lookingstatements whether as a result of new information, future events or otherwise. About Naspers: Naspers is a multinational media company with principal operations in electronicmedia (including pay-television, internet and instant-messaging subscriberplatforms and the provision of related technologies) and print media (includingthe publishing, distribution and printing of magazines, newspapers and books,and the provision of private education services). Naspers' most significantoperations are located in South Africa, where it generates most of its revenues,with other operations located elsewhere in Sub-Saharan Africa, Greece, China,Brazil, Russia, India, the Netherlands, the United States and Thailand. Nasperscreates media content, builds brand names around it, and manages the platformsdistributing the content. Naspers delivers its content in a variety of forms andthrough a variety of channels, including television platforms, internetservices, newspapers, magazines and books. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NPSN.L