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NASPERS LIMITED - Dealing in Securities by Director

Release Date: 26/09/2023 17:30
Code(s): NPN     PDF:  
Wrap Text
Dealing in Securities by Director

Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
(Naspers)


DEALING IN SECURITIES BY DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:


Director:                               Basil Sgourdos
Company:                                Naspers Limited
Transaction date:                       22 September 2023
Nature of transaction:                  on market disposal of shares
Number of shares disposed:              840 Naspers N ordinary shares
Class of shares:                        N ordinary shares
Total value of transaction:             R2,561,675.26
Price per share:                        R3,049.6134

Transaction date:                       21 September 2023
Nature of transaction:                  on market disposal of shares
Number of shares disposed:              7,778 Naspers N ordinary shares
Class of shares:                        N ordinary shares
Total value of transaction:             R23,448,240.20
Price per share:                        R3,014.6876

Nature of transaction:                  On 21 September 2020, Basil Sgourdos was
                                        awarded 28,623 Naspers PSUs at a nil base cost.
                                        PSUs were awarded in FY21, following feedback
                                        from shareholders, to better incentivise long-
                                        term value creation in our underlying internet
                                        businesses.

                                        These Naspers PSUs vested on 21 September
                                        2023 subject to performance conditions linked
                                        to the performance of the Ecommerce portfolio
                                        being met at 200% of the awarded PSUs,
                                        resulting in the award of 57,246 Naspers PSUs.

                                        Following the vesting, Basil Sgourdos exercised
                                        57,246 Naspers PSUs. He disposed of 8,618
                                        Naspers N ordinary shares to cover taxes and
                                        other related costs on market and took delivery
                                        of the remaining 48,628 Naspers N ordinary
                                        shares into his family trust (indirect beneficial
                                        holding).

Nature of interest:                     Direct Beneficial

Clearance:                              Clearance has been received in terms of
                                        paragraph   3.66  of  the  JSE   Listings
                                        Requirements

CAPE TOWN
26 September 2023
Sponsor: Investec Bank Limited
Enquiries

Investor Enquiries                                                      +1 347-210-4305

Eoin Ryan, Head of Investor Relations

Media Enquiries                                                         + 27 78 802 6310

Shamiela Letsoalo, Media Relations Director


About Naspers

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology
investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building
leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext
Amsterdam, and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.

In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and
ecommerce companies. These include Takealot, Mr D Food, Superbalist, Autotrader, Property24 and PayU, in addition to Media24, South
Africa’s leading print and digital media business.

Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in
South Africa and a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the US.

For more information, please visit www.naspers.com.

Naspers Labs

In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa’s unemployed youth into
economic activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.

Date: 26-09-2023 05:30:00
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