ARN MEDIA LIMITED — Director's Dealing 2016

Oct 31, 2016

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity APN News & Media Limited ABN 95 008 637 643

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Paul Connolly
Date of last notice	10 June 2016

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Dit idit itt	Dit
rec or nrec neres	rec
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	25 October 2016
No. of securities held prior to change	49,090
Class	Ordinary Shares
Number acquired	Nil
Number disposed	Nil
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	N/A
No. of securities held after change	47,620

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Change to nature of interest from indirect to Example: on‐market trade, off‐market trade, exercise of options, issue direct holding. In addition, the number of backof securities under dividend reinvestment plan, participation in buy‐ shares previously attributed to Mr Connolly was overstated by 1,470 in error and we are taking this opportunity to correct now as this was only identified when Mr Connolly completed the changes to the structure of his shareholding.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Nature of changeExample: on‐market trade, off‐market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy‐back	Nature of changeExample: on‐market trade, off‐market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy‐back	Nature of changeExample: on‐market trade, off‐market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy‐back	Nature of changeExample: on‐market trade, off‐market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy‐back	Change to nature of interest from indirect todirect holding. In addition, the number ofshares previously attributed to Mr Connollywas overstated by 1,470 in error and we aretaking this opportunity to correct now as thiswas only identified when Mr Connollycompleted the changes to the structure of hisshareholding.	Change to nature of interest from indirect todirect holding. In addition, the number ofshares previously attributed to Mr Connollywas overstated by 1,470 in error and we aretaking this opportunity to correct now as thiswas only identified when Mr Connollycompleted the changes to the structure of hisshareholding.
				completed the changes to the structure of hishareholdin
				g.
art 2 – Change of director’s intere	sts in		contracts“ ”
ote: In the case of a company, interests which comedisclosed in this part.	ithin par		agraph (ii) of the definition of notifiable interest of a director should
Detail of contract		Nil
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to whic	h
interest related prior to changeNote: Details are only required for a contract	in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non‐cash, provide detailsand an estimated valuation
Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	N/A
If so, was prior written clearance provided to allow the trade toproceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011