SKY NETWORK TELEVISION LIMITED. — M&A Activity 2017

Feb 28, 2017

1 March 2017

Market Information Services Section NZX Limited PO Box 2959 Wellington

Company Announcements Office ASX Limited Level 4, 20 Bridge Street Sydney, NSW Australia

SKY TV 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 skybusiness.co.nz

Date for satisfying conditions for proposed merger of SKY Network Television Limited (SKY) and Vodafone NZ

The sale and purchase agreement between SKY and Vodafone Europe B.V. ( Vodafone ) in relation to the proposed merger of SKY and Vodafone NZ ( SPA ) is subject to a number of conditions that must be satisfied or waived in order for the merger to proceed.

As the current long stop date for these conditions to be satisfied or waived (28 February 2017) has passed, either SKY or Vodafone may, on notice, terminate the SPA.

SKY does not currently propose to give notice of termination of the SPA to Vodafone while the parties consider their options. Vodafone has indicated to Sky that it also does not currently propose to give notice of termination of the SPA.

For further information please contact:

Jason Hollingworth Chief Financial Officer SKY Network Television (09) 579 9999 021 312 928 jhollingworth@skytv.co.nz

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