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(Reg. No 1925/001431/06)

Share Code: NPN

IZIN: ZAE000015889

(“Naspers” or “the company” or “the group”)

Shareholders are advised that Naspers has prepared its annual financial statements for the

year ending 31 March 2006 in accordance with International Financial Reporting Standards

(IFRS) as now required. For ease of comparison, financial information relating to the prior

year has been restated in terms of IFRS. Shareholders are referred to the announcement

released on SENS on 29 November 2005, which described the group’s transition to IFRS, as

well as to the interim report for the six months ended 30 September 2005.

and 1 200 cents compared to the prior year’s restated earnings per share of 860 cents. This

increase is largely the result of a non-recurring, realised profit of some R1 billion arising on

the sale of the group’s interest in United Broadcasting Public Company Limited (UBC) in

Thailand.

March 2005 were artificially boosted by the creation of deferred tax assets of R470 million

and fair value adjustments relating to foreign exchange contracts of R360 million. Neither

2

item is expected to recur to anywhere near the same extent in the financial year to 31 March

2006. As a consequence, headline earnings per share for the year ended 31 March 2006 is not

expected to be more than 5% to 10% higher than last year.

Core headline earnings remains, in the view of your board, an appropriate measure of the

sustainable operating performance of the group as it adjusts for non-recurring and non-

operational items. We refer shareholders to our annual financial statements and to the website

www.naspers.com for an analysis of historic core headline earnings. Given the positive

environment in most of our key markets, we expect core headline earnings to be between

approximately 60% and 70% greater than last year.

Shareholders are also advised that, after years of rapid earnings and cash flow growth, some

strategic investments are required in the year ahead to deliver growth in ensuing years. We

are targeting, in particular, broadband services in Asia and North America, and digital video

broadcast-handheld (“DVB-H”) services in Africa. We plan this in the knowledge that such

investments will reduce short term earnings and cash flow growth. In addition, we plan to

invest in the further organic development of our existing businesses and will pursue new

markets and opportunities.

about 27 June 2006. The financial information on which this trading statement is based has

not been reviewed or reported on by the company’s auditors.

Cape Town

14 June 2006

Sponsor: Investec Bank Limited

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