August 31, 2014 3:51 AM ET

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Company Overview of Myriad International Holdings B.V.

Company Overview

Myriad International Holdings B.V. is a investment holding company. The company is based in Hoofddorp, the Netherlands. Myriad International Holdings B.V. operates as a subsidiary of Naspers Ltd.

Taurusavenue 105-15

Hoofddorp,  2132 LS

Netherlands

Phone:

31 23 556 2636

Fax:

31 23 556 2880

Key Executives for Myriad International Holdings B.V.

Chief Executive Officer and Director
Age: 63
Compensation as of Fiscal Year 2014.

Myriad International Holdings B.V. Key Developments

Myriad International Holdings B.V. Announces Board Changes; Recommends Annual Gross Dividend, Payable on 22 September 2014; Announces Audited Consolidated Earnings Results for the Year Ended January 31, 2014

Myriad International Holdings B.V. announced that Steve Pacak (financial director) will retire on 30 June 2014, but will remain on the board as a non-executive director. Basil Sgourdos, presently CFO of Naspers, will succeed him and will be appointed to the board as financial director effective 1 July 2014. The board also recommended that the annual gross dividend be increased by 10% to 425 cents (previously 385 cents) per listed N ordinary share, and 85 cents (previously 77 cents) per unlisted A ordinary share. If confirmed by shareholders at the annual general meeting on 29 August 2014, dividends will be payable to shareholders recorded in the books on 19 September 2014 and will be paid on 22 September 2014. The company announced audited consolidated earnings results for the year ended January 31, 2014. For the year, the company reported revenue of EUR 62,728 million against EUR 49,869 million a year ago. Operating profit was EUR 2,018 million against EUR 4,099 million a year ago. Profit before tax was EUR 9,424 million against EUR 9,281 million a year ago. Profit for the year attributable to equity holders of the group was EUR 5,751 million against EUR 6,047 million a year ago. Cash flow generated from operating activities was EUR 3,274 million against EUR 10,035 million a year ago.

Myriad International Holdings B.V. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2013

Myriad International Holdings B.V. reported consolidated earnings results for the six months ended September 30, 2013. For the period, revenue was EUR 28,755 million against EUR 22,405 million a year ago. Consolidated revenues grew 28%, driven to a large extent by our internet businesses and boosted by a depreciating rand. Expanding our ecommerce and DTT operations as outlined above has resulted in development spend accelerating by 87% compared to the same period last year. Operating profit was EUR 1,621 million against EUR 2,548 million a year ago. Profit before taxation was EUR 4,870 million against EUR 6,041 million a year ago. Profit for the period attributable to equity holders of the group was EUR 3,112 million against EUR 4,150 million a year ago. Core headline earnings for the period were EUR 4,920 million against EUR 4,127 million a year ago. Fully diluted core headline earnings per N ordinary share were 1,215 cents against 1,034 cents a year ago. Headline earnings for the period were EUR 3,641 million against EUR 3,194 million a year ago. Fully diluted headline earnings per N ordinary share were 899 cents against 800 cents a year ago. Fully diluted earnings per N ordinary share were 769 cents against 1,040 cents a year ago. Cash flow generated from operating activities was EUR 2,598 million against EUR 4,168 million a year ago. Capital expenditure was EUR 837 million against EUR 416 million a year ago.

Myriad International Holdings B.V. Prices its $750 Million Bonds

Shareholders are advised that Naspers's indirect wholly owned subsidiary, Myriad International Holdings B.V. on 11 July 2013, successfully priced its $750 million 6% notes due 2020. The Bonds will be fully and unconditionally guaranteed by Naspers. The net proceeds will be used for general corporate purposes, including future acquisitions and the repayment of certain amounts outstanding under the Naspers group's revolving credit facilities. The Notes will be offered in a private placement only to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended, subject to prevailing market and other conditions.

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