PROSUS N.V - Distribution of Annual Report 2024 and Update regarding Annual General Meeting

Distribution of Annual Report 2024 and Update regarding Annual General Meeting

Prosus N.V.
(Incorporated in the Netherlands)
(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
AEX and JSE Share Code: PRX ISIN: NL0013654783
(Prosus)

DISTRIBUTION OF ANNUAL REPORT 2024 AND UPDATE REGARDING ANNUAL GENERAL MEETING

Distribution of annual report 2024

Shareholders are advised that the company's annual report (including consolidated annual
financial statements) for the year ended 31 March 2024 will be available on the company's
website, www.prosus.com, this morning, Monday, 24 June 2024.

The summarised consolidated financial statements together with additional supporting
information for the annual report will also be published on the website, www.prosus.com,
together with the annual report.

Update regarding the annual general meeting 2024

The notice of the hybrid annual general meeting, including the agenda with explanatory
notes, together with the power of attorney, will be made available on the company's
website at www.prosus.com at a later date. The annual general meeting is expected to be
held at 14:00 on Wednesday, 21 August 2024.

Further, shareholders are advised that the company's board of directors recommends that,
holders of ordinary shares N receive a distribution of approximately 10 euro cents, which
represents an increase of approximately 43% for free-float shareholders. Holders of
ordinary shares B and ordinary shares A1 will receive an amount per share equal to their
economic entitlement as set out in the articles of association. Furthermore, the board
recommends that those holders of ordinary shares N as at 1 November 2024 (the dividend
record date) who do not wish to receive a capital repayment, can choose to receive a
dividend instead. A choice for one option implies an opt-out from the other. If confirmed by
shareholders at the annual general meeting on 21 August 2024, elections to receive a
dividend instead of a capital repayment will need to be made by holders of ordinary shares
N by 18 November 2024. More information on the distribution will be published in the notice
of annual general meeting.

Capital repayments and dividends will be payable to shareholders recorded in our books on
the dividend record date and paid on 26 November 2024. Capital repayments will be paid
from qualifying share capital for Dutch tax purposes. No dividend withholding tax will be
withheld on the amounts of capital reductions paid to shareholders. However, if holders of
ordinary shares N rather elect to receive a dividend from retained earnings, dividends will be
subject to the Dutch dividend withholding tax rate of 15%.

Dividends payable to holders of ordinary shares N who elect to receive a dividend and who
hold their listed ordinary shares N through the listing of the company on the JSE will, in
addition to the 15% Dutch dividend withholding tax, be subject to South African dividend tax
at a rate of up to 20%. The amount of additional South African dividend tax will be calculated
by deducting from the 20%, a rebate equal to the Dutch dividend tax paid in respect of the
dividend (without right of recovery). Shareholders holding their listed ordinary shares N
through the listing of the company on the JSE, unless exempt from paying South African
dividend tax or entitled to a reduced withholding tax rate in terms of an applicable tax treaty,
will be subject to a maximum of 20% South African dividend tax.

More information on the distribution will be published following approval at the annual general
meeting.
                                                                                              
Amsterdam, the Netherlands
24 June 2024

Euronext listing agent
ING Bank N.V.

Euronext paying agent
ABN AMRO Bank N.V.

JSE Sponsor
Investec Bank Limited


Enquiries

Investor Enquiries                                                       +1 347-210-4305

Eoin Ryan, Head of Investor Relations

Media Enquiries                                                          +31 6 15494359

Charlie Pemberton, Communications Director


About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in
markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich
communities.

The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education
technology sectors in markets including India and Brazil. Through its ventures team, Prosus invests in areas including health, logistics,
blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs using technology to
improve people's everyday lives.

Every day, billions of customers use the products and services of companies that Prosus has invested in, acquired or built, including
99minutos, Airmeet, Aruna, AutoTrader, Autovit.ro, Azos, BandLab, Bibit, Bilt, Biome Makers, Borneo, Brainly, BUX, BYJU'S, Bykea, Captain
Fresh, Codecademy, Collective Benefits, Creditas, DappRadar, DeHaat, Detect Technologies, dott, EduMe, ElasticRun, eMAG, Endowus,
Eruditus, EVERY, Facily, Fashinza, Flink, Foodics, Good Glamm Group, GoodHabitz, GoStudent, Honor, iFood, Imovirtual, Klar, Kovi, LazyPay,
letgo, Mensa Brands, Meesho, merXu, Movile, Oda, OLX, Otodom, OTOMOTO, Oxford Ionics, PaySense, PayU, Pharmeasy, Platzi, Property24,
Quick Ride, Red Dot Payment, Republic, Sharebite, Shipper, ShopUp, SoloLearn, Stack Overflow, Standvirtual, Superside, Swiggy, Thndr,
Tonik, Ula, Urban Company, Virgio, Vegrow, watchTowr, and Wayflyer.

Hundreds of millions of people have made the platforms of Prosus's associates a part of their daily lives. For listed companies where we
have an interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, and SimilarWeb.

Today, Prosus companies and associates help improve the lives of more than two billion people around the world.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and
a2X Markets (PRX.AJ). Prosus is majority-owned by Naspers.

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

Date: 24-06-2024 07:56:00
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