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ARN MEDIA LIMITED Capital/Financing Update 2010

Dec 13, 2010

64267_rns_2010-12-13_a890e694-99b0-4440-bc4b-726a2ccaa4fc.pdf

Capital/Financing Update

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NEWS & MEDIA

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MARKET ANNOUNCEMENT

APN Media Bond Issue - Announcement of Final Interest Rate

SYDNEY, Tuesday, 14 December 2010 - APN News & Media Limited (ASX, NZX: APN) (APN) advises that the interest rate payable on the NZ$100 million senior, unsecured fixed rate bonds (“APN Media Bonds”) offered by its wholly-owned subsidiary, APN Media (NZ) Limited, was set today at 7.86% per annum. The interest rate of 7.86% comprises the Swap Rate (as defined in the Investment Statement) of 4.76% plus the Margin of 3.10% as previously announced to the market on 12 November 2010.

The First Interest Payment date is 15 March 2011, and interest is payable quarterly thereafter. The Maturity Date of the APN Media Bonds is 15 March 2016.

The offer closed on 10 December 2010. The APN Media Bonds will be issued on 15 December 2010, and will commence trading on the NZDX on 17 December 2010.

ENDS

For further information Bob Wallace, PPR (Professional Public Relations), +64 9 979 2000 Peter Brookes, Citadel, +61 407 911 389

APN News & Media Limited, ABN 95 00 8 637 643, Level 4, 100 William Street, Sydney NSW 2011, Australia T: +61.2.9333.4999 F: +61.2.9333.4900 W: www.apn.com.au