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SKY NETWORK TELEVISION LIMITED. M&A Activity 2017

Apr 13, 2017

65806_rns_2017-04-13_509b2cf4-057a-422c-9d80-b48633f315c2.pdf

M&A Activity

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13 April 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

Commerce Commission releases reasons for decision to decline clearance of proposed merger of SKY and Vodafone

The New Zealand Commerce Commission has today released the reasons for its decision not to clear the proposed merger of SKY Network Television Ltd ( SKY ) and Vodafone New Zealand Limited. These reasons can be found on the Commission's website:

http://www.comcom.govt.nz/business-competition/mergers-and- acquisitions/clearances/clearances register/detail/952

SKY and Vodafone filed their notice of appeal in relation to the Commission's decision on 22 March 2017. SKY and Vodafone are now assessing the Commission's reasons for the decision so that they can determine their future steps in relation to the proposed merger, if any.

For further information please contact:

Jason Hollingworth Chief Financial Officer SKY Network Television (09) 579 9999 021 312 928 [email protected]

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