Background to collective engagement
We, the undersigned co-signatories, are a group of 36 asset managers and investors, who collectivelyrepresent total assets under our management of more than ZAR 3,6 trillion. The investor groupingincluded here represents clients who are Prosus (PRX) shareholders; Naspers (NPN) shareholders;shareholders in both entities, and potential shareholders. We have noted the PRX voluntary shareexchange offer for NPN shares, as initially announced on 12 May 2021 in a joint announcement by PRXand NPN.