NPN - Naspers - Further Announcement Disposal Of N
NPN
NPN
NPN - Naspers - Further Announcement Disposal Of Netmed N.V. And Cautionary
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: US6315121003
("Naspers" or "the company")
FURTHER ANNOUNCEMENT DISPOSAL OF NETMED N.V. AND CAUTIONARY
Shareholders are referred to the announcement published on 15 April 2008 in
which Naspers advised that Myriad International Holdings B.V., an indirect
wholly owned subsidiary of Naspers, had entered into conditional sale agreements
for the disposal of its Greek and Cypriot pay-TV operations ("NetMed") to
Forthnet SA ("Forthnet") a leading Greek telecommunication company.
As previously advised, the completion of the transaction is subject to a number
of conditions, including the approval by Forthnet`s shareholders of a rights
issue to partly fund the acquisition of NetMed. Certain financial information on
NetMed, including unaudited estimated results to 31 March 2008, has been
provided to Forthnet, which it intends to disclose publicly as part of its
rights offer process. Details of such information can be found on the Naspers
website www.naspers.com.
Shareholders are reminded that they should continue to exercise caution when
dealing in the company`s securities until a further announcement is made.
CAPE TOWN
23 April 2008
Sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Date: 23/04/2008 08:55:00 Produced by the JSE SENS Department.
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