Naspers Limited Today Announced Interim Results for the Six Months 30 September 2005; Favourable Macro Conditions Contribute to Satisfactory Naspers Interim Results.

CAPE TOWN, South Africa -- Naspers Limited (Nasdaq:NPSN) (JSE:NPN) reported revenues up 14% to R7,7 billion, core headline earnings of 345 cents per share, and free cash flow of R722 million for the six months to September 2005. Ton Vosloo, Naspers chairman, stated: "Favourable macro-economic conditions in our major markets helped Naspers achieve satisfactory results over the period. However, development costs in the second half of the year will subdue earnings growth."

Koos Bekker, Naspers CEO, commented: "In South Africa, the general state of the economy looks sound. This is largely due to astute management of the economy by the government. However, we have previously cautioned shareholders that we serve consumers whose spending power is influenced by economic cycles. If such trends turn negative, as they will do from time to time, we will be affected."

The pay TV business grew its subscriber base by a net 81 000, with total subscribers under management totalling 2.38 million across some 50 countries. The South African internet business remains profitable, but slow-growing due to a lack of broadband connections. "South Africa is falling dramatically behind its peers in broadband penetration. This handicap will also gradually impact other sectors of our economy that rely on communications," the company said.

In the print media segment, the newspaper business continued to benefit from robust advertising, whilst advertising growth in the magazine sector was more subdued.

In Thailand, the group accepted an offer from its partner, True Corporation Plc, to acquire our interest in the pay TV business UBC, as well as our interest in the internet service provider KSC. This is part of a tender offer to all UBC's shareholders, and is still subject to UBC shareholder approval.

Naspers remains focused on developing growth opportunities, both organically from inside existing businesses, and through creating new opportunities. Further investments in China and India are under consideration. Steve Pacak, Naspers CFO, stated: "Whilst it is difficult to place a firm timeframe to such projects, we anticipate some progress in the second half of this financial year. Such investments will have an impact on both cash flows and earnings."

Regarding BEE, Ton Vosloo commented: "We continue to support the government's broad-based black economic empowerment initiatives. We intend to comply fully with the codes of good practice once clarity on the core provisions has been obtained."

The complete results are available on the Naspers website at http://www.naspers.com.

IMPORTANT INFORMATION

This press release 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 factors include, but are not limited to, the key factors that we have indicated that could adversely affect our businesses and financial performance contained in our past and future filings and reports, including those filed with or furnished to the U.S. Securities and Exchange Commission (the "SEC"). We are not under 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. Investors are cautioned not to place undue reliance on any forward-looking statements contained herein.

Investors will be able to obtain any documents filed with the SEC from the SEC's Public Reference Room at 450 Fifth Street, N.W., Washington, D.C. 20549. Telephone: [phone], Fax: [phone]. E-mail: [e-mail]. Documents filed with or furnished to the SEC by Naspers (other than certain exhibits) are also available free of charge from The Company Secretary, Naspers Limited, 40 Heerengracht, Cape Town, 8001, South Africa, Telephone No: [phone].