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Naspers Limited - Announcement                                                  
Naspers Limited                                                                 
(Registration number 1925/001431/06)                                            
ISIN:  ZAE000015889                 JSE share code: NPN                         
("Naspers")                                                                     
South Africa, 5 December 2003 - Naspers Limited (JSE: NPN, NASDAQ: NPSN) today  
announced that Tencent (BVI) Limited is investigating the feasibility of an     
initial public offering ("IPO") during the course of 2004. A final decision in  
relation to the IPO will depend, amongst other things, on market conditions     
prevailing at the time.                                                         
Tencent is a joint venture with MIH, which is a part of the Naspers Group.      
Date: 05/12/2003 11:00:02 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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