NPN: NASPERS LIMITED - Increased stake in Delivery Hero to offset current and future dilution

NPN: NASPERS LIMITED - Increased stake in Delivery Hero to offset current and future dilution

Increased stake in Delivery Hero to offset current and future dilution

Naspers Limited

(Incorporated in the Republic of South Africa)

(Registration number 1925/001431/06)

JSE share code: NPN ISIN: ZAE000015889

LSE ADS code: NPSN ISIN: US 6315122092

(Naspers)

INCREASED STAKE IN DELIVERY HERO TO OFFSET CURRENT AND FUTURE DILUTION

Prosus, major subsidiary of Naspers, has acquired approximately 20.37 million shares in Delivery

Hero (FRA:DHER.GR) via market and bilateral trades through its subsidiary, MIH Food Holdings

B.V.

Following the close of Delivery Hero´s most recent Woowa transaction on March 2, 2021, whereby

Delivery Hero SE bought an 87% stake in Woowa, South Korea´s biggest food delivery app, MIH

Food Holdings B.V.´s shareholding fell to 16.81%. The acquisition of the approximately

20.37 million shares increases MIH Food Holdings B.V.´s shareholding by 8.18% to 24.99%

(22.24% on a fully diluted basis) and continues to position the group as the largest shareholder

in Delivery Hero. Prosus acquired the shares with the intention to offset existing and future

dilution incurred from convertible issuances, employee exercises and stock issuance related to

the Woowa transaction. Prosus has no intention to buy any additional shares within the next

twelve months.

Growing its position in online food ordering and delivery is consistent with Prosus´s strategy to

invest in platforms with global potential that offer online marketplace services in high-growth

markets. The increased stake in Delivery Hero adds to the group´s investments in iFood in Latam

and Swiggy in India.

The transaction was funded from existing resources.

Cape Town

31 March 2021

Sponsor: Investec Bank Limited

Enquiries

Investor Enquiries [phone]

Eoin Ryan, Head of Investor Relations

Media Enquiries [phone]

Shamiela Letsoalo, Media Relations Director SA

About Delivery Hero

Delivery Hero is the world´s leading local delivery platform, operating its service in more than 40 countries across Asia,

Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and

today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the

next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and

often in 10-15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since

2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit

www.deliveryhero.com.

1

About Naspers

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the

largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-

term growth potential, building leading consumer internet companies that empower people and enrich communities.

Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers

is the majority owner of Prosus.

In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet

and ecommerce companies in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24

and PayU, in addition to Media24, South Africa´s leading print and digital media business.

Naspers is also focused on stimulating South Africa´s local tech sector through Naspers Foundry. This is a R1.4 billion

investment targeting early stage technology companies in South Africa that seek to address big societal needs. To help

address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact

programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings,

Naspers Labs provide a structured development journey enabling young people to enter the economy.

Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X

Exchange (NPN.AJ) in South Africa, and has an ADR listing on the London Stock Exchange (LSE: NPSN).

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

Disclaimer

The information contained in this document may contain forward-looking statements, estimates and projections.

Forward-looking statements involve all matters that are not historical and may be identified by the words "anticipate",

"believe", "estimate", "expect", "intend", "may", "should", "will", "would" and similar expressions or their negatives, but

the absence of these words does not necessarily mean that a statement is not forward-looking. These statements reflect

Naspers´s intentions, beliefs or current expectations, involve elements of subjective judgement and analysis and are

based upon the best judgement of Naspers as of the date of this document, but could prove to be wrong. These

statements are subject to change without notice and are based on a number of assumptions and entail known and

unknown risks and uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of

actual results.

Any forward-looking statements are made only as of the date of this document and neither Naspers nor any other person

gives any undertaking, or is under any obligation, to update these forward-looking statements for events or

circumstances that occur subsequent to the date of this document or to update or keep current any of the information

contained herein, any changes in assumptions or changes in factors affecting these statements and this document is not

a representation by Naspers or any other person that they will do so, except to the extent required by law.

Date: 31-03-2021 05:50:00

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2021-03-31

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NASPERS -N 17:30:07 03/31/2021

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