SKY NETWORK TELEVISION LIMITED. — Capital/Financing Update 2019

Oct 16, 2019

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Sky New Zealand PO Box 9059 Newmarket Auckland 1149 New Zealand

10 Panorama Road Mt Wellington Auckland 1060 New Zealand T. +64 9 579 9999 sky.co.nz

Information on the agreement regarding New Zealand Rugby taking a 5% equity stake in Sky

for immediate release

In response to specific media queries we advise that under the terms of the deal between New Zealand Rugby (NZR) and Sky, NZR will hold their Sky shares for a minimum of two years.

Sky shareholders will vote today on a special resolution to approve the SANZAAR transaction. If approved, the shares will be issued on 1 November 2019.

ENDS

For further information, please contact:

Sophie Moloney Chief Legal Officer and Company Secretary Sky Network Television Limited (09) 579 9999 Sophie.moloney@sky.co.nz