NZME LIMITED — Earnings Release 2018

Aug 22, 2018

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----- Start of picture text ----- NZME LimitedResults for announcement to the marketReporting Period 6 months to 30 June 2018Previous Reporting Period 6 months to 30 June 2017----- End of picture text -----

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----- Start of picture text ----- Amount (000s) Percentage changeRevenue from ordinary $NZ 189,094 -0.8%activitiesProfit (loss) from ordinary $NZ 3,657 -52.9%activities after taxattributable to securityholderNet profit (loss) $NZ 3,657 -52.9%attributable to securityholdersFinal Dividend Amount per security Imputed amount persecurityNZ 2 cents NZ 0.7778 cents [i]----- End of picture text -----

i A supplementary dividend of NZ 0.3529 cents per security will be payable to shareholders who are not tax resident in New Zealand and who hold less than 10% of the shares in NZME Limited.

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----- Start of picture text ----- Record Date 16 October 2018Dividend Payment Date 26 October 2018----- End of picture text -----

Record DateDividend Payment Date	16 October 201826 October 2018
Comments:	For the 6 months to 30 June 2018, NZME Limited’sreported profit from ordinary activities after tax wasNZ$3.7 million compared to a profit of NZ$7.8 million inthe comparative period.The net profit after tax for the 6 months to 30 June 2018of NZ$ 3.7 million is down 52.9% from the net profitafter tax for the 6 months to 30 June 2017 of $7.8million.Net assets per share as at 30 June 2018 was NZ$ 1.43compared to NZ$ 1.44 as at 30 June 2017.Net tangible assets per share as at 30 June 2018 wasNZ$ (0.23) compared to NZ$ (0.26) as at 30 June 2017.

Refer to the attached unaudited Consolidated Interim Financial Statements for the six months ended 30 June 2018 for NZME Limited and its subsidiaries and the Results Presentation for a more detailed analysis and explanation.