(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
share code: NPN ISIN Code: ZAE000015889
(“Naspers” or the “Company” or the “Group”)
NASPERS ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION
Further to the announcements on 27 February 2007 and 8 March 2007 regarding its
capital raising (the “Capital Raising”), Naspers today announces that the over-allotment
option granted by Naspers (the "Over-allotment Option") has been exercised in full.
Pursuant to the exercise of the Over-allotment Option, in order to cover over-allotments,
Naspers will issue an additional 5.7 million new “N” ordinary shares (the “New “N”
Shares”, "the Over-allotment Shares") at ZAR163.00 per New “N” Share, which is the
offer price achieved in the Capital Raising. As a result, the gross proceeds to be received
by Naspers will increase by approximately ZAR929 million to approximately ZAR7.4
billion (equivalent to approximately US$1.0 billion). Following the exercise of the Over-
allotment Option, the total number of New “N” Shares to be issued in the Capital Raising
is 45.6 million New “N” Shares. This represents approximately 14.2 percent of Naspers’
issued “N” ordinary share capital prior to the Capital Raising.
The New “N” Shares will, when issued, be credited as fully paid and will rank pari passu
in all respects with the existing “N” ordinary shares of Naspers in issue prior to the
Capital Raising, including the right to receive future dividends and other distributions
declared, made or paid after the date of their issue. Application will be made for the New
“N” Shares, including the Over-allotment Shares, to be admitted to trading on the JSE
The Capital Raising is being implemented primarily by way of an issue of shares for cash
in accordance with the terms of the general authority granted to the directors of Naspers at
the annual general meeting of Naspers held on 25 August 2006.
This announcement has been issued by, and is the sole responsibility of Naspers Limited.
The distribution of this announcement and the offer and sale of Naspers Limited N shares
in certain jurisdictions may be restricted by law. Any persons reading this announcement
should inform themselves of, and observe, any such restrictions. This announcement does
not in any manner constitute an invitation to invest or an advertisement, notification,
statement or announcement soliciting investment in the shares of Naspers Limited or an
offer of securities for sale in the United States or in any jurisdiction in which such an
offer or solicitation is unlawful. The securities referred to in this announcement have not
been and will not be registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States, except pursuant to registration or an
applicable exemption from registration. No public offering of securities is being made
into the United States.