Naspers and Prosus Announce Executive Leadership and Board Change

CAPE TOWN, South Africa, September 18, 2023--(BUSINESS WIRE)--Naspers Limited (JSE: NPN) and Prosus (AEX and JSE Share Code: PRX) announced today that Bob van Dijk is stepping down as CEO and Board member of Naspers and Prosus after 10 successful years of leadership. Ervin Tu, presently Group Chief Investment Officer, was appointed Interim CEO. Bob will assist with this transition and will remain as a consultant to the Boards until 30 September 2024.

Over his tenure, Bob has contributed meaningfully to the success and future of the Group. Bob has helped establish the Group as a leading global consumer internet company, creating significant value for shareholders.

"The Boards of Prosus and Naspers want to thank Bob for his leadership over a full decade," said Koos Bekker, chair. "During this time substantial businesses were established in Classifieds, Food Delivery and Payments, while we also entered several new fields. We appreciate Bob’s contributions and wish him much success with his future career."

Ervin assuming the role as Interim CEO will result in a seamless transition. As the Chief Investment Officer, he has made significant contributions to the strategic direction of the company and will provide continuity in the execution of the Group’s key priorities. That includes bringing the company’s ecommerce consolidated portfolio to profitability while maintaining growth, and leading capital allocation across the Group.

"Prosus is operating with momentum. I am honored to assume the role and help shape the future of the Group. I couldn’t be more excited about the team around me and to get started," said Ervin.

For full details of the Group’s results, please visit www.naspers.com.

About Naspers:

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam, and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.

In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies. These include Takealot, Mr D Food, Superbalist, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.

Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa and has an ADR listing on the London Stock Exchange (LSE: NPSN).

For more information, please visit www.naspers.com.

Naspers Foundry

Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment vehicle that invests in early-stage technology companies that seek to address big societal needs.

Naspers Labs

In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa’s unemployed youth into economic activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.

Naspers for Good

Naspers employees is equally committed to giving back. Naspers for Good is a corporate philanthropy fund administered by a committee of employees in South Africa. Through the fund, Naspers forms partnerships with organisations that have a proven track record of delivering solutions for the most pressing challenges affecting our communities. Email causes@naspers.com for more information.

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Contacts

For more information, please contact:

Eoin Ryan
Head of Investor Relations
Tel: +1 347-210-4305
Email: eoin.ryan@naspers.com

Shamiela Letsoalo
Media Relations, South Africa
Mobile: +27 78 802 6310
Email: shamiela.letsoalo@naspers.com

Charlie Pemberton
Media Relations, International
Mobile: +31 615 494 359
Email: charlie.pemberton@prosus.com