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MIHH / Naspers - Announcement
This announcement is not for distribution in or into the United States of
America
NASPERS LIMITED
(Incorporated in the Republic of South Africa and listed on the JSE
Securities Exchange South Africa)
(Registration number 1925/001431/06)
Share code NPN ISIN ZAE000015889
("Naspers")
MIH HOLDINGS LIMITED
(Incorporated in the Republic of South Africa and listed on the JSE
Securities Exchange South Africa)
(Registration number 1993/005613/06)
Share code MIH ISIN ZAE000018941
("MIHH")
CHANGE IN DATES REGARDING THE PROPOSED REORGANISATION OF NASPERS LIMITED
("NASPERS"), PURSUANT TO WHICH THE MINORITY INTERESTS IN MIH HOLDINGS LIMITED
("MIHH") AND MIH LIMITED ("MIHL") WILL BE ACQUIRED BY NASPERS
The announcement of the proposed reorganisation of the Naspers group
("reorganisation") published on 26 September 2002 indicated that the
documentation to be issued in relation to the reorganisation ("reorganisation
documentation") would be posted to Naspers and MIHH shareholders
("shareholders") on or about Friday 25 October. Shareholders are advised that
because of additional time required to process the requisite filings with the
applicable regulatory authorities, there will be a slight delay in posting the
reorganisation documentation.
Accordingly, the reorganisation documentation will be posted to shareholders, on
Friday 8 November 2002. An announcement setting forth the salient dates and
times of the reorganisation will be published on SENS and in the press on the
same day.
This announcement is not an offer of shares, for sale, in the United States of
America. Naspers` shares and Naspers` American Depositary Shares ("ADSs") may
not be offered or sold in the United States without registration or exemption
from registration by the Securities Exchange Commission. The public offering of
Naspers` shares and Naspers` ADSs to be made in the United States to the MIHL
shareholders, other than Naspers and MIHH, in terms of the merger of MIHL into
MIH BVI Limited, a wholly-owned British Virgin Island ("BVI") subsidiary of
MIHH, in accordance with BVI law, will be made by means of a prospectus that may
be obtained from Naspers. The prospectus will contain detailed information about
Naspers and its management and will include Naspers` financial statements.
Cape Town
1 November 2002
Merchant Bank
INVESTEC CORPORATE FINANCE
Investec Bank Limited
(Registration number 1969/004763/06)
Independent adviser to MIHH and MIHL boards of directors
Merrill Lynch
Global Markets & Investment Banking Group
Merrill Lynch International
Registered in England
Registration number 2312079
Regulated in the United Kingdom
By The Financial Services Authority
Transactional sponsor to Naspers and MIHH
Investec Bank Limited
(Registration number 1969/004763/06)
Attorneys to the transaction
WEBBER WENTZEL BOWENS
Attorneys to Naspers
JAN S. DE VILLIERS
Sponsor to Naspers
GENSEC BANK LIMITED
(Registration number 1996/004744/06)
Reporting accountants and auditors
PRICEWATERHOUSECOOPERS INC
Chartered Accountants (SA)
Registered Accountants and Auditors
(Registration number 1998/012055/21)
Sponsor to MIHH
Merrill Lynch
Global Markets & Investment Banking Group
Merrill Lynch International
Registered in England
Registration number 2312079
Regulated in the United Kingdom
By The Financial Services Authority
Date: 01/11/2002 08:00:21 AM Produced by the JSE SENS Department
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