S122 of the SA Companies Act notification

NASPERS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1925/001431/06)

Share code: NPN ISIN: ZAE000015889

LSE ADS code: NPSN ISIN: US 6315121003

("Naspers" or "the Company")

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Listings Requirements, holders of N ordinary shares in the Company are advised that Deutsche Bank AG, on behalf of its clients, has disposed of a beneficial interest in N ordinary shares of the Company ("the securities"), such that all its beneficial interests of the securities of the Company amount to 4,924% of the total number of N ordinary shares in issue.

Naspers hereby confirms that it has received the required notice from Deutsche Bank AG on behalf of its clients in terms of Section 122(1) of the Act. As required in terms of section 122(3) (a) of the Act, Naspers has filed the required notice with the Takeover Regulation Panel.

Cape Town

20 January 2016

Sponsor: Investec Bank Limited