| Wed 31 Oct 2007, 17:30 | | NPN - Naspers Limited - Voluntary Announcement |
|
NPN
NPN
NPN - Naspers Limited - Voluntary Announcement
Naspers Limited
(Incorporated in the Republic of South Africa)
(Reg. No 1925/001431/06)
Share Code: NPN & IZIN: ZAE000015889
("Naspers")
Voluntary announcement
South Africa, 31 October 2007: Naspers Limited (JSE: NPN, LSE: NPSN) announced
today that, following a review of its strategic investment priorities and
given its focus on emerging markets, it has initiated a formal process to
explore a possible sale of its Greek and Cypriot pay-tv operator, NetMed NV.
NetMed is the leading pay-television operator in Greece where it operates the
digital satellite platform, Nova, which has over 340 000 subscribers.
Citigroup has been appointed as financial adviser to the process, in which
keen interest has been expressed from several potential investors.
31 October 2007
Cape Town
Sponsor: Investec Bank Limited
Contact details:
Mark Sorour
Group Chief Investment Officer
Naspers
+27 21 406 3008
+27 83 2 500 000
msorour@naspers.com
Steve Pacak
Group Chief Financial Officer
Naspers
+27 21 406 3585
+27 83 2 500 006
spacak@naspers.com
Basil Sgourdos
GM Business Development Pay TV
MIH
+31 23 556 2869
+31 23 556 2880
basil@mih.com
Important Information:
This announcement contains forward-looking 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 key factors that could adversely affect our businesses and financial
performance. The Company will not undertake 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
except as required by law or any appropriate regulatory authority. Investors
are cautioned not to place undue reliance on any forward-looking statements
contained herein.
About Naspers:
Naspers is a multinational media company with principal operations in
electronic media (including pay-television, internet and instant-messaging
subscriber platforms and the provision of related technologies) and print
media (including the publishing, distribution and printing of magazines,
newspapers and books, and the provision of private education services).
Naspers`s most significant operations are located in South Africa, where it
generates most of its revenues, with other operations located elsewhere in Sub-
Saharan Africa, Greece, China, Brazil, Russia, the Netherlands, the United
States and Thailand. Naspers creates media content, builds brand names around
it, and manages the platforms distributing the content. Naspers delivers its
content in a variety of forms and through a variety of channels, including
television platforms, internet services, newspapers, magazines and books.
Date: 31/10/2007 17:30:01 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.
