Naspers Limited Today Announced Its Interim Results for the Six Months Ended 30 September 2006.

Naspers Reports Growth; Cautious Outlook

CAPE TOWN, South Africa -- Naspers Limited (NASDAQ: NPSN) (JSE: NPN) reported revenues up by 22% to R9,1 billion, core headline earnings of R1,3 billion and free cash flow of R1,0 billion for the six months ended 30 September 2006.

"Growth was satisfactory as trading conditions in most of the markets in which we operate have remained favourable," commented Naspers chairman Ton Vosloo. "We do not think this can last indefinitely, especially as indications are that the macroeconomic environment in South Africa may be tightening. In our other markets such as China, Brazil, Greece, Nigeria and Angola short-term conditions seem generally positive."

Naspers financial director Steve Pacak said the company had made investments totalling some R3,7 billion over the period. "Major acquisitions included a 30% interest in the leading Brazilian media company, Abril, the acquisition of the CryptoTec conditional access business and an additional 12% interest in NetMed, the pay-television operation in Greece.

"The group is also developing a number of businesses organically. These are focused on broadband technologies, the internet and mobile television. It is anticipated that this development spend will accelerate in the second half of the year, negatively impacting earnings and cash flows."

Over the period the total pay-TV subscriber base grew by a net 62 000 to 2,07 million subscribers under management. The South African internet business remains profitable but growth is ponderous due to the lack of broadband connections and slow establishment of the second network operator.

Irdeto, the conditional access business, reported revenue growth of 87% through a combination of organic growth from existing and new customers and the acquisition of Philips CryptoTec. Entriq, the broadband technologies unit, continued to gain traction.

Newspapers and magazines benefited from the robust advertising market. New titles were launched and circulation figures remained generally stable.

Naspers CEO, Koos Bekker commented: "We launched broad-based BEE ownership initiatives in all our SA businesses housed in South Africa. The Media24 and MultiChoice South Africa BEE schemes included a public offer of ordinary shares to qualifying Black people and groups. Both were nearly three times subscribed. We were delighted with the extent of interest from ordinary individuals, many investing for the first time. We anticipate that each scheme will have more than 100 000 individual investors, making them two of the most widely held companies in the economy."

Following the success of these schemes, the Naspers board agreed to make available another 7,5% of MultiChoice South Africa shares to those BEE investors whose applications had not been fulfilled because of oversubscription.

The board also announced that Koos Bekker would be granted an unpaid sabbatical for one financial year, from 1 April 2007 to 31 March 2008. Bekker has already been heading up a major media company for 21 years and a listed one for 16. Cobus Stofberg, present head of MIH, will stand in as CEO. Bekker will resume his duties on 1 April 2008 for a final stint of 5 years.

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: [phone].