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NEWS CORP Capital/Financing Update 2018

Apr 2, 2018

30325_rns_2018-04-02_89f87743-e2b4-4c40-9b10-d867a210d68f.pdf

Capital/Financing Update

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3 April 2018

The Manager

Market Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street SYDNEY NSW 2000

Office of the Company Secretary

Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA

General Enquiries 03 8647 4838 Facsimile 03 8600 9800

ELECTRONIC LODGEMENT

Dear Sir or Madam

News Corp and Telstra complete transaction to combine Foxtel and FOX SPORTS Australia

In accordance with the Listing Rules, I attach a market release for release to the market.

Yours faithfully

Sue Laver

Company Secretary

Telstra Corporation Limited ACN 051 775 556 ABN 33 051 775 556

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MARKET RELEASE

News Corp and Telstra complete transaction to combine Foxtel and FOX SPORTS Australia

3 April 2018 – News Corp and Telstra today announced the completion of the transaction to combine Foxtel and FOX SPORTS Australia. The commercial arrangements are unchanged from those announced on March 6, 2018.

Contacts:

Telstra

Media contact: Jon Court +61 408 423 516 Email: [email protected]

Investor contact: Nathan Burley +61 457 529 334 Email: [email protected]

News Corp

Media contact: Jim Kennedy +1 212 416 4064 Email: [email protected]

Investor contact: Mike Florin +1 212 416 3363 Email: [email protected]

About News Corp

News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers throughout the world. The company comprises businesses across a range of media, including: news and information services, book publishing, digital real estate services, and cable network programming and payTV distribution in Australia. Headquartered in New York, the activities of News Corp are conducted primarily in the United States, Australia, and the United Kingdom. More information: http://www.newscorp.com.

Ref number: 046/2018