End of an Era as Vosloo Steps Down as Naspers Chair

CAPE TOWN, South Africa--()--Naspers Limited (JSE: NPN, LSE: NPSN): Naspers’s non-executive chair, Ton Vosloo, as well as independent non-executive directors Boetie van Zyl and Yuanhe Ma, retired from the board on Friday 17 April. After a year’s sabbatical Koos Bekker rejoins the board as non-executive chair.

In a message to staff Vosloo wrote: “I bid you farewell. It has been my great privilege to be associated with Naspers since May 1956, when I joined Die Oosterlig (now Die Burger-Oos) as a cub reporter. I leave you with a heavy heart but also with a light tread: Naspers and associates are in very good shape.”

Bekker said: “The board expressed its deep gratitude to these three directors for their commitment to our group over many years. Their unique contributions were highly valued and will be missed.”

Vosloo served on the Naspers board from March1983. He chaired Naspers for 23 years, also various group companies and board committees. Van Zyl joined the Naspers board in January 1988. He served as independent lead director and on various other group structures. He also chaired the Naspers audit and risk committees. Ma served on the boards of Naspers group companies and committees since February 2003.

The Naspers board now comprises: Koos Bekker (chair), Bob van Dijk (CEO), Basil Sgourdos (CFO), Fred Phaswana (lead independent director), Ben van der Ross, Cobus Stofberg, Craig Enenstein, Debra Meyer, Don Eriksson, Fran du Plessis, Mark Sorour, Nolo Letele, Rachel Jafta, Roberto Oliveira de Lima and Steve Pacak.

More information on the group is available on the website www.naspers.com.

IMPORTANT INFORMATION

This media release contains forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995. Words such as “believe”, “anticipate”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavour” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. While these forward-looking statements represent our judgements and future expectations, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These include numerous factors that could adversely affect our businesses and financial performance. We are not under any obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements whether as a result of new information, future events or otherwise. Investors are cautioned not to place undue reliance on any forward-looking statements contained herein.

Contacts

Naspers Limited
Meloy Horn, Head of Investor Relations
Tel: +27 11 289 3320
+27 11 289 4446
Mobile: +27 82 772 7123

Contacts

Naspers Limited
Meloy Horn, Head of Investor Relations
Tel: +27 11 289 3320
+27 11 289 4446
Mobile: +27 82 772 7123