NPN: NASPERS LIMITED - Competition Tribunal Approval - Media24: Novus Merger

NPN: NASPERS LIMITED - Competition Tribunal Approval - Media24: Novus Merger Competition Tribunal Approval - Media24: Novus Merger Naspers Limited (Incorporated in the Republic of South Africa) Registration number: 1925/001431/06 Share code: NPN ISIN: ZAE000015889 ("Naspers") COMPETITION TRIBUNAL APPROVAL - MEDIA24: NOVUS MERGER Naspers shareholders are referred to the SENS announcement released on 3 April 2017 in which they were advised that the Competition Commission had recommended Media24 Proprietary Limited´s ("Media24") merger filing concerning Novus Holdings Limited ("Novus") ("Merger Filing") to the Competition Tribunal for approval. The Merger Filing includes a condition that Media24 divest itself of the majority of its shareholding in Novus whilst permitting Media24 to retain a non-controlling minority stake in Novus of 19% ("Merger Condition"). On 3 August 2017 ("Approval Date"), the Competition Tribunal approved the Merger Filing, including the Merger Condition. Accordingly, Media24 is now required to unbundle the majority of its shareholding in Novus to Naspers, its ultimate holding company, and thereafter to Naspers´s shareholders ("Unbundling"). In terms of the Merger Condition, Media24 is required: - within 20 business days from the Approval Date, to lodge any amendments required to its Memorandum of Incorporation ("MOI") to give effect to the Unbundling with the Companies and Intellectual Property Commission ("CIPC"); and - within 40 business days after the amended MOI has been approved by CIPC, to implement the Unbundling. Cape Town 3 August 2017 Sponsor Investec Bank Limited Date: 03/08/2017 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.