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Naspers Announces Appointment of Manisha Girotra as Independent Non-Executive Director

May 6, 2019

CAPE TOWN, South Africa--(BUSINESS WIRE)--May 6, 2019--Manisha Girotra (49) will be appointed as an independent non-executive director of Naspers Limited (JSE: NPN; LSE: NPSN) after the listing of Naspers’ subsidiary, NewCo, on the Euronext Amsterdam (with a secondary listing on the JSE), which, as announced on 25 March 2019, is expected to be implemented no earlier than the second half of 2019. NewCo, a new global consumer internet group, will comprise all Naspers’ internet interests outside of South Africa. Manisha will also serve on the board of NewCo, post its listing, and as a member of the Naspers and NewCo audit committees.

Manisha is the chief executive officer of Moelis India. She has more than 25 years of investment banking experience, with extensive cross-border M&A expertise across a broad range of industries. Prior to joining Moelis & Company, Manisha was CEO and Country Head of UBS in India managing its investment bank, commercial bank, markets, equity research and wealth management divisions. Previously, she was Head: North India of Barclays Bank. She began her investment banking career at ANZ Grindlays in London.

Manisha holds a BA (Hons) degree in Economics from St. Stephen’s College in Delhi, India, and received a gold medal for her master’s degree from the Delhi School of Economics. She currently serves on the boards of Ashok Leyland, Jio Payments Bank and KEC International.

“I am delighted to join the Board of Naspers, a company I respect not just for their business acumen but also for their contribution to the broader society globally,” said Manisha Girotra.

Commenting on the appointment, CEO of Naspers, Bob van Dijk, said, “We’re delighted to appoint Manisha as an independent non-executive director to the board of Naspers and to the board of Naspers’ subsidiary Newco, following its listing on Euronext Amsterdam. Her extensive experience in investment banking across a broad range of industries and geographies, notably in India - a key market for us, will add significant value to the group as we implement our company strategy.”

About Naspers

Naspers is a global consumer internet group and one of the largest technology investors in the world. Operating and investing in countries and markets across the world with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. The group operates and partners a number of leading internet businesses across the Americas, Africa, Central and Eastern Europe, and Asia in sectors including online classifieds, food delivery, payments, travel, education, health, and social and internet platforms.

Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, BYJU’S, Codecademy, eMAG, Honor, ibibo, iFood, letgo, Media24, Movile, OLX, PayU, SimilarWeb, Swiggy, Takealot, and Udemy.

Similarly, hundreds of millions of people have made the platforms of its associates a part of their daily lives: Tencent ( www.tencent.com; SEHK 00700), Mail.ru ( www.corp.mail.ru; LSE: MAIL), MakeMyTrip Limited ( www.makemytrip.com; NASDAQ:MMYT) and DeliveryHero ( www.deliveryhero.com; Xetra: DHER).

Today, Naspers companies and associates help improve the lives of around a fifth of the world’s population. Naspers actively searches for new opportunities to partner exceptional entrepreneurs who are using technology to address big societal needs.

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190506005516/en/

CONTACT: Shamiela Letsoalo, Media Relations Director

Mobile: +27 78 802 6310

Email:shamiela.letsoalo@naspers.comEoin Ryan, Head of Investor Relations

Tel: +1 347-210-4305

Email:eoin.ryan@naspers.com

KEYWORD: SOUTH AFRICA AFRICA

INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL INTERNET RETAIL

SOURCE: Naspers Limited

Copyright Business Wire 2019.

PUB: 05/06/2019 11:36 AM/DISC: 05/06/2019 11:36 AM

http://www.businesswire.com/news/home/20190506005516/en

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