SENS ANNOUNCEMENT – SCHEDULED FOR FRIDAY, 4
(Incorporated in the Republic of South Africa)
Share Code: NPN
Shareholders are advised that, as is now required, Naspers Limited will prepare its annual financial
statements for the year ending 31 March 2006 in accordance with International Financial Reporting
Standards (IFRS). For ease of comparison, the financial information relating to the prior year will
also be restated in terms of IFRS.
The restated prior year headline earnings per share for the six months ended 30 September 2004
under IFRS is expected to amount to 233 cents. The comparable headline earnings per share for the
six months ended 30 September 2005 is anticipated to increase to between 335 cents and 380 cents.
Earnings per share for the prior period ended 30 September 2004 was artificially boosted by a
dilution profit of R380 million, arising mainly from the listing of Tencent in Hong Kong, an event
that did not recur in the current year. As a consequence, the current year earnings per share under
IFRS for the six months ended 30 September 2005, is anticipated to be between 325 cents and 385
cents compared to the prior year restated earnings per share which is expected to amount to 364