Trading Statement

JSE Share Code: NPN

ISIN: ZAE000015889

LSE ADS Code: NPSN

ISIN: US6315121003

("Naspers")

Trading Statement

Shareholders are advised that the Naspers group is presently finalising its interim report for the six months ended 30 September 2015.

We expect core headline earnings per share to be between 37% (2 093 cents) and 42% (2 170 cents) higher than the comparable period's 1 528 cents. Shareholders are reminded that the board considers core headline earnings an appropriate indicator of the sustainable operating performance of the group, as it adjusts for non-recurring and non-operational items.

It is expected that earnings per share for the six months ended 30 September 2015, will be between 10% (2 023 cents) and 15% (1 911 cents) lower compared to the prior period's 2 248 cents.

2

Headline earnings per share for the period are expected to increase between 25% (1 410 cents) and 30% (1 466 cents) from the prior period's 1 128 cents.

Further details will be provided in the interim report, due to be released on or about 27 November 2015. Financial information on which this trading statement is based has not been reviewed or reported on by the company's external auditor.

Cape Town

19 November 2015

Sponsor: Investec Bank Limited