The investment-grade notes are due 2035

Davis Polk advised the arranger in connection with the update of Prosus N.V.’s $12 billion global medium-term note program.

Davis Polk also advised the underwriters as initial purchasers in connection with a Regulation S offering by Prosus of €750 million principal amount of 4.343% notes due 2035 under the program.

Based in Amsterdam, the Netherlands, Prosus N.V. is a global consumer internet group operating across a variety of platforms and geographies. Prosus is one of the largest technology investors in the world, with businesses and investments serving more than two billion users in well over 100 countries and markets.

The Davis Polk corporate team included partner Reuven B. Young and associates Tanu Sinha, Francesco Mancuso and Mary Valtas. Counsel John Taylor provided English law advice. Partner Gregory S. Rowland and counsel Sarah E. Kim provided investment management advice. Counsel Will Schisa provided regulatory advice. The U.S. tax team included counsel Alon Gurfinkel and associate Ya Sheng Lin. Members of the Davis Polk team are based in the London, New York and Washington DC offices.

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