ARN MEDIA LIMITED — Director's Dealing 2018

Mar 28, 2018

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	HT&E 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	5 September 2017

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 relevant interest.	N/A
Date of change	27 March 2018
No. of securities held prior to change	A. 71,873 B. 334,002
Class	A. Ordinary Shares B. Performance Rights under the Company’s incentive plans (Performance Rights)
Number acquired	A. 348,261 B. Nil
Number disposed	A. Nil B. 334,002
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A. Nil B. Nil
No. of securities held after change	A. 420,134 Ordinary Shares B. 0 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 Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Further to the Company’s Updated Performance Rights Balance announcement on 27 March 2018, Mr Davis holds: A. 93,698Ordinary Shares allocated for vested Performance Rights (under 2015 LTIP) 39,623Ordinary Shares allocated for vested Performance Rights (under 2015 LTIP - an additional allocation of shares at a pre-NZME demerger valuation basis) 209,073Ordinary Shares allocated for vested Performance Rights (under 2016 TIP) 5,867Ordinary Shares allocated for vested Performance Rights (under 2016 TIP – for an additional allocation of shares at vesting for dividends paid during 2017) B. – 93,698vested Performance Rights converted to Ordinary Shares (under 2015 LTIP) – 31,231forfeited Performance Rights (under 2015 TIP) – 209,073vested Performance Rights converted to Ordinary Shares (under 2016 TIP)

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.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

==> picture [433 x 260] intentionally omitted <==

----- Start of picture text -----

Were the interests in the securities or contracts detailed No
above traded during a [+] closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the
trade to proceed during this period?
If prior written clearance was provided, on what date was
this provided?
----- End of picture text -----

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3