31 Aug - 4 min read

Prosus increases stake in Delivery Hero

Prosus increases stake in Delivery Hero

Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315122092


Prosus, major subsidiary of Naspers, has entered into an agreement to acquire an additional
2.5% stake in Delivery 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, employee exercises and/or stock issuances. Prosus may
increase 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 with Prosus’s strategy 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
31 August 2021

Sponsor: Investec Bank Limited


Investor Enquiries                             +1 347-210-4305
Eoin Ryan, Head of Investor Relations

Media Enquiries                                +27 78 802 6310
Shamiela Letsoalo, Media Relations Director SA

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
visit www.deliveryhero.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 a 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 in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24
and PayU, in addition to Media24, South Africa’s leading print and digital media business.

Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion
investment targeting early stage technology companies in South Africa that seek to address big societal needs. To help
address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact
programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings,
Naspers Labs provide a structured development journey enabling young people to enter the economy.

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.


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.

Date: 31-08-2021 10:15:00
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