Naspers share subdivision unconditional, set for October 2025 implementation

Naspers has announced the finalization of its share subdivision, now unconditional and set for implementation on Monday, 6 October 2025. This follows shareholder approval at the AGM on 21 August 2025, where resolutions to amend the company's share capital structure were passed. The subdivision will be effected at a ratio of five-for-one for each class of issued shares, including both Naspers N ordinary shares and Naspers A ordinary shares.

To facilitate the subdivision, Naspers's authorized share capital has been increased by an additional 1.2 bn Naspers N ordinary shares and 6 m Naspers A ordinary shares. This will result in the issue and allotment of up to 636,154,992 new Naspers N ordinary shares and 3,844,772 new Naspers A ordinary shares. The record date for the subdivision is Friday, 3 October 2025.

The subdivision aims to enhance accessibility for a broader investor base and align the price per Naspers N ordinary share more closely with that of its subsidiary, Prosus N.V. The company's repurchase program will be temporarily suspended from Thursday, 25 September 2025, until Wednesday, 1 October 2025, resuming on Thursday, 2 October 2025.