Facts sheet

In the biggest public black economic share offer in South Africa's print media industry, Naspers is making wealth creation and share ownership a reality in both its operating subsidiaries, namely MultiChoice and Media24. This facts sheet provides supporting information and contact details for the Media24 BEE transaction through Welkom Yizani Investments.

About Naspers

Naspers is a leading multinational media group, incorporated in 1915 as a public limited liability company and listed on the Johannesburg Stock Exchange (JSE) in September 1994. The company also has an ADR listing on the London Stock Exchange (LSE).Over the past two decades the group has evolved from a traditional print media business in one country, to a broad-based e-media company in multiple markets. The group’s principal operations are in internet platforms (focussing on commerce, communities, content, communication and games), pay-television and the provision of related technologies and print media (including publishing, distribution and printing of magazines, newspapers and books). Most of Naspers’s businesses hold leading market positions. The group’s most significant operations are located in South Africa and elsewhere in sub-Saharan Africa, China, Russia, Eastern Europe, the Netherlands, India, Brazil and Thailand.

For more information on Naspers, visit www.naspers.com.

About Media24

Media24 is Africa's leading publishing group and offers information and entertainment 24 hours a day. The group has interests in newspapers, magazines, internet businesses, book publishing, printing plants and distribution companies. Many of these publications and businesses are award-winning leaders in their respective fields. Media24 also has many international and local sister companies in the media industry through its holding company, Naspers.

For more information on Media24, visit www.media24.com.

About Welkom Yizani Investments

Welkom Yizani Investments is the investment vehicle which has been set up to facilitate the Media24 BEE initiative. The proceeds from subscription by black South Africans for Welkom Yizani ordinary shares will be used to pay for 20% of the purchase price payable by Welkom Yizani to acquire Media24 Holdings ordinary shares. In addition to Welkom Yizani ordinary shares, Naspers will fund the issue of Welkom Yizani preference shares. This funding will be used to pay for the remaining 80% of the purchase price payable for the Media24 Holdings ordinary shares purchased by Welkom Yizani.

All eligible black South Africans can apply to buy Welkom Yizani ordinary shares, during the offer period which opens on September 29 and closes on November 3. Applications must be submitted at any FNB branch together with payment and supporting documentation. Successful applicants will be notified 30 business days after the offer closes, afterwhich they will be sent confirmation of their investment.

A full prospectus which outlines all relevant information on the Welkom Yizani share scheme can be obtained at any FNB branch. Alternatively, prospective investors can contact the call centre on 0860 12 12 24.

For more information visit www.welkomyizani.co.za.

Media spokespeople contact details

For more information on the Media24 share ownership opportunity or on Welkom Yizani, please contact:

Media24 Head of Legal Services
Ashoek Adhikari
Tel +27 (0)21 406 2977
E-mail aadhikari@media24.com

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