ARN MEDIA LIMITED — Director's Dealing 2017

Mar 22, 2017

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	Ciaran James Davis
Date of last notice	28 November 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.

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	17 March 2017
No. of securities held prior to change	1. 20,5732. 225,557
Class	1. Ordinary Shares2. Performance Rights under APNLTI Plan (Performance Rights)
Number acquired	1. Nil2. Nil
Number disposed	1. Nil2. 100,628
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	1. NA2. $73,276.78
No. of securities held after change	1. 20,573 Ordinary Shares2. 124,929 Performance Rights

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change 22,138 FY14 Performance Rights have Example: on-market trade, off-market trade, exercise of options, issue vested, as TSR performance hurdles were backof securities under dividend reinvestment plan, participation in buymet during the period 1 Jan 2014 to 31 Dec 2016. 78,490 of residual FY14 Performance Rights have been forfeited, being the balance of non-vested TSR rights plus all EPS rights.

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 chanExample: on-market tof securities under diback	gerade, off-market trade, exercise of options, issuevidend reinvestment plan, participation in buy-		22,138 FY14 Performance Rights havevested, as TSR performance hurdles weremet during the period 1 Jan 2014 to 31 Dec2016. 78,490 of residual FY14 PerformanceRights have been forfeited, being the balance
Part 2 – ChangeNote: In the case of a combe disclosed in this part.Detail of contra				of non-vestedTSR rights plus all EPSrights.
	Detail of contra	ct	N/A
	Nature of intere	st
	Name of registe(if issued secur	red holderities)
	Date of change
	No. and classitt ltd	of securities to whichi t h
	neres reae	ror o cane
	Note: Details are only required for a contract in
	relation to which the interest has changed
	Interest acquired
	Interest disposed
	Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
	Interest after change

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
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