ARN MEDIA LIMITED — Director's Dealing 2020

May 12, 2020

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 Davis
Date of last notice	9 May 2019

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 circumstancesgiving rise to the relevant interest.	N/A
Date of change	7 May 2020
No. of securities held prior tochange	A. 524,053B. 619,929
Class	A. Ordinary SharesB. Performance Rights under the Company’s incentive plans(Performance Rights)
Number acquired	A. NilB. 143,066
Number disposed	A. NilB. Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	A. NilB. Nil
No. of securities held after**change **	A. 524,053B. 762,995

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-markettrade,exerciseofoptions,issueofsecurities under dividend reinvestmentplan, participation in buy-back	Nature of changeExample: on-market trade, off-markettrade,exerciseofoptions,issueofsecurities under dividend reinvestmentplan, participation in buy-back	•97,289 – Issue of Performance Rights under theCompany’s FY19 Total Incentive Plan as approved byshareholders at the Company’s AGM on 9 May 2019.•45,777 – Additional Performance Rights issued fordividends paid by the Company in accordance with theCompany’s Total Incentive Plan.•Refer to Remuneration Report in HT&E 2019 AnnualReport,including page 43 for Reconciliation of Rights.
	trade, off-marketoptions,issueofdend reinvestment	,Company’s FY19 Total Incentive Plan as approved bhhld t th C’ AGM 9 M 2019
	uy-back	sareoers a e ompanys on ay .•45,777 – Additional Performance Rights issued f
		dividends paid by the Company in accordance with thCompany’s Total Incentive Plan.
		•Refer to Remuneration Report in HT&E 2019 AnnuReport,including page 43 for Reconciliation of Rights.
	of director’s interests in contracts

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	Detail of contract	N/A	N/A	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of seinterest related priorNote: Details are only requrelation to which the interest	curities to whichto changeired for a contract inhas changed
Interest acquired
Interest disposed
Value/ConsiderationNote: 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 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?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011