Naspers Limited

08/31/2021 | Press release | Distributed by Public on 08/31/2021 02:15

SENS: Prosus increases stake in Delivery Hero

Naspers Limited
(Incorporated in theRepublic of South Africa)
(Registration number 1925/001431/06)
JSEshare code: NPNISIN:ZAE000015889
LSE ADS code: NPSN ISIN: US 6315122092
(Naspers)

Prosus increases stake in Delivery Hero

Prosus, major subsidiary of Naspers, has entered into an agreement to acquire an additional 2.5% stake inDelivery Hero(FRA:DHER.GR),subject to regulatory approval, through its subsidiary, MIH Food Holdings B.V.

Prosus believes acquiring the additional stake is a sound financial investment that will afford it the ability to offset any potential future dilution which may occur in the normal course from, for example, convertible issuances, employeeexercises and/or stock issuances.Prosus mayincrease its stake in Delivery Hero if future opportunities arise to obtain further shares at attractive terms, but Prosus has no intention of exceeding an aggregate shareholding of 29.99%.

MIH Food Holdings B.V.currently holds 24.97% of Delivery Hero, which will increase to 27.47% post receipt of regulatory approval and closing of the transaction, expected by the end of September 2021. Prosus will remain the largest shareholder in Delivery Hero.

Growing its position in online food delivery is consistent withProsus'sstrategy to invest in platforms with global potential that offer online marketplace services in high-growth markets. Delivery Hero, along with Swiggy, iFood, Wolt, Oda and Flink comprise the Food Delivery portfolio, which has a presence across 69 markets across the world.

The transaction will be funded from existing resources.

Cape Town, South Africa, 31 August2021

Sponsor:Investec Bank Limited

About Delivery Hero

Delivery Hero is the world's leading local delivery platform, operating its service in around 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10 to 15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visitwww.deliveryhero.com

Disclaimer

The information contained in this document may contain forward-looking statements, estimates and projections. Forward-looking statements involve all matters that are not historical and may be identified by the words 'anticipate', 'believe', 'estimate', 'expect', 'intend', 'may', 'should', 'will', 'would' and similar expressions or their negatives, but the absence of these words does not necessarily mean that a statement is not forward-looking. These statements reflect Naspers's intentions, beliefs or current expectations, involve elements of subjective judgement and analysis and are based upon the best judgement of Naspers as of the date of this document, but could prove to be wrong. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of actual results.

Any forward-looking statements are made only as of the date of this document and neither Naspers nor any other person gives any undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this document or to update or keep current any of the information contained herein, any changes in assumptions or changes in factors affecting these statements and this document is not a representation by Naspers or any other person that they will do so, except to the extent required by law.