SKY NETWORK TELEVISION LIMITED. — Major Shareholding Notification 2017

Mar 20, 2017

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both

Sections 277 and 278, Financial Markets Conduct Act 2013

To: New Zealand Stock Exchange

And: SKY NETWORK TELEVISION LTD

Relevant event being disclosed: Movement of 1% or more in substantial holding

Date of relevant event: 17 March 2017

Date this disclosure made: 21 March 2017

Date last disclosure made: 31 January 2017

Substantial product holder(s) giving disclosure

Name(s): BlackRock, Inc. and related bodies corporate

Summary of substantial holding to which disclosure relates

Class of listed voting securities: Ordinary Shares

Summary for: Security holders listed in Appendix A

For this disclosure,—

• (a) total number held in class: 47,815,425

• (b) total in class: 389,139,785

• (c) total percentage held in class: 12.287%

For last disclosure,—

• (a) total number held in class: 40,124,437

• (b) total in class: 389,139,785

• (c) total percentage held in class: 10.311%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure under the instructions to this form: Refer to Appendix B

Details of relevant interests in substantial holding after relevant event

Details for: Product holders listed in Appendix A

Nature of relevant interest(s): The power to control the acquisition or disposal of the quoted voting product and/or the exercise of a right to vote attached to the quoted voting product, arising only from the powers of investment contained in each case under investment management agreements appointing each entity as investment manager of funds or separate accounts (i.e. entity currently exercising investment discretion on behalf of the relevant funds or separate accounts). No relevant agreement document needs to be attached under Regulation 142.

For that relevant interest,—

• (a) number held in class: Refer to Appendix A

• (b) percentage held in class: Refer to Appendix A

• (c) current registered holder(s) of securities: Refer to Appendix A

• (d) registered holder(s) of securities once transfers registered: Not Applicable

• For a derivative relevant interest, also—

SKT 17.03.17_NZ 604.docx

• (a) type of derivative: Contracts for Difference

• (b) details of derivative:

• Notional number of underlying shares: 179,150

• These derivatives are all cash-settled.

• Derivatives were acquired and/or disposed of as follows: Refer to Appendix B

• (c) parties to the derivative: Refer to Appendix C

• (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative:

The power to control the acquisition or disposal of the derivative – Refer to Appendix C

Additional information

Nature of connection between substantial security holders: Refer to Appendix A

Address(es) of substantial product holder(s): Refer to Appendix A

Contact details: Kayla Mulvihill, Tel +1-302-797-6268, Email kayla.mcgrory@blackrock.com

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: Not applicable.

Certification

I, Kayla Mulvihill, Authorised Signatory, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure BlackRock Investment Management (Australia) Limited.

SKT 17.03.17_NZ 604.docx

						Appendix A
Holder of Relevant Interests	Total Held in Class				Nature of Association	Address
	Class	CCY	Number of Securities	%
BlackRock (Netherlands) B.V.	ord	NZD	55,614	0.014%	subsidiary of BlackRock Inc.	Rembrandt Tower, 17th floor Amstelplein Amsterdam Netherlands
BlackRock Advisors (UK) Limited	ord	NZD	11,505,778	2.957%	subsidiary of BlackRock Inc.	12 Throgmorton Avenue. London, EC2N 2DL, United Kingdom
BlackRock Asset Management Canada Limited	ord	NZD	277,411	0.071%	subsidiary of BlackRock Inc.	161 Bay Street, Suite 2500 Toronto, Ontario M5J 2S1 Canada
BlackRock Asset Management Deutschland AG	ord	NZD	7,744,135	1.990%	subsidiary of BlackRock Inc.	Max-Joseph-Straße 6 D-80333 Munich, Germany
BlackRock Asset Management North Asia Limited	ord	NZD	1,985	0.001%	subsidiary of BlackRock Inc.	15/F, 16/F, 17/F Champion Tower & 17/F ICBC Tower, Three Garden Road, Central, HongKong
BlackRock Financial Management, Inc.	ord	NZD	17,273	0.004%	subsidiary of BlackRock Inc.	1209 Orange Street, Wilmington, New Castle County, Delaware 19801,United States
BlackRock Fund Advisors	ord	NZD	24,354,412	6.259%	subsidiary of BlackRock Inc.	400 Howard Street San Francisco, CA, 94105 United States
BlackRock Institutional Trust Company, National Association	CFD	NZD	177,862	0.046%	subsidiary of BlackRock Inc.	1225 17th Street, Suite 300, Denver, CO 80202 (Colorado, USA)
BlackRock Institutional Trust Company, National Association	ord	NZD	2,379,724	0.612%	subsidiary of BlackRock Inc.	1225 17th Street, Suite 300, Denver, CO 80202 (Colorado, USA)
BlackRock Investment Management (Australia) Limited	ord	AUD	618,750	0.159%	subsidiary of BlackRock Inc.	Level 26, 101 Collins Street Melbourne VIC 3000 Australia (Victoria, Australia)
BlackRock Investment Management (Australia) Limited	ord	NZD	1,632	0.000%	subsidiary of BlackRock Inc.	Level 26, 101 Collins Street Melbourne VIC 3000 Australia (Victoria, Australia)
BlackRock Investment Management (UK) Limited	CFD	NZD	1,288	0.000%	subsidiary of BlackRock Inc.	12 Throgmorton Avenue London EC2N 2DL United Kingdom
BlackRock Investment Management (UK) Limited	ord	NZD	629,178	0.162%	subsidiary of BlackRock Inc.	12 Throgmorton Avenue London EC2N 2DL United Kingdom
BlackRock Investment Management, LLC	ord	AUD	32,063	0.008%	subsidiary of BlackRock Inc.	1209 Orange Street, Wilmington, New Castle County, Delaware 19801, United States
BlackRock Japan Co., Ltd.	ord	NZD	18,320	0.005%	subsidiary of BlackRock Inc.	Marunouchi Trust Tower Main, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo 100-8217 (Japan)

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Appendix B

SKY NETWORK TELEVISION LTD

Transaction Date	Person whose relevant interest changed	Nature of change / Consideration (NZD)	Nature of change / Consideration (NZD)	Class and number of securities affected	Class and number of securities affected	Person's votes affected
01-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.55	CFD	26,750	26,750
	National Association
01-Feb-17	BlackRock Investment Management	on mkt buy	4.56	ord	33,541	33,541
	(Australia)Limited
01-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.57	ord	7,059	7,059
	AG
01-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	2,280	2,280
01-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.55	CFD	1,300	1,300
	National Association
01-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	9,735	9,735
02-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	2,943	2,943
02-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	39,100	39,100
02-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.54	CFD	2,010	2,010
	National Association
03-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.43	ord	7,062	7,062
	AG
03-Feb-17	BlackRock Advisors(UK)Limited	on mkt buy	4.43	ord	38,885	38,885
03-Feb-17	BlackRock Fund Advisors	on mkt sell	4.44	ord	-1,510	-1,510
03-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	1,635	1,635
06-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.43	ord	28,248	28,248
	AG
07-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	3,705	3,705
07-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	1,995	1,995
07-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	1,995	1,995
07-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	83,440	83,440
07-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	59,600	59,600
07-Feb-17	BlackRock Investment Management	on mkt buy	4.34	ord	12,813	12,813
	(Australia)Limited
07-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.38	CFD	6,555	6,555
	National Association
07-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.34	ord	21,734	21,734
	AG
08-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.39	CFD	6,701	6,701
	National Association
08-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	19,524	19,524
09-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.33	ord	28,256	28,256
	AG
09-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	1,635	1,635
09-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	19,524	19,524
09-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.36	CFD	22,348	22,348
	National Association
09-Feb-17	BlackRock Asset Management Deutschland	on mkt sell	4.33	ord	-161,889	-161,889
	AG
10-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.42	CFD	32,210	32,210
	National Association
10-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.46	CFD	3,537	3,537
	National Association
13-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	59,600	59,600
13-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.48	ord	14,130	14,130
	AG
14-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	58,572	58,572
14-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.44	ord	46,320	46,320
	AG
14-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.41	CFD	6,377	6,377
	National Association
14-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.40	CFD	65,477	65,477
	National Association
15-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.57	CFD	20,686	20,686
	National Association

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Transaction Date	Person whose relevant interest changed	Nature of change / Consideration (NZD)	Nature of change / Consideration (NZD)	Class and number of securities affected	Class and number of securities affected	Person's votes affected
15-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	143,040	143,040
16-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	19,470	19,470
16-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.50	ord	14,158	14,158
	AG
16-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	39,048	39,048
16-Feb-17	BlackRock Fund Advisors	on mkt buy	4.48	ord	19,200	19,200
16-Feb-17	BlackRock Advisors(UK)Limited	on mkt sell	4.42	ord	-38,934	-38,934
20-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.40	CFD	42,479	42,479
	National Association
20-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.43	CFD	2,482	2,482
	National Association
21-Feb-17	BlackRock Investment Management,LLC	on mkt buy	4.44	ord	8,147	8,147
21-Feb-17	BlackRock Asset Management Deutschland	on mkt buy	4.47	ord	28,328	28,328
	AG
21-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	35,808	35,808
21-Feb-17	BlackRock Investment Management (UK)	on mkt sell	4.45	CFD	-1,936	-1,936
	Limited
22-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	29,840	29,840
22-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	19,524	19,524
22-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	4.35	CFD	5,000	5,000
	National Association
24-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	3.78	CFD	61,383	61,383
	National Association
24-Feb-17	BlackRock Fund Advisors	on mkt buy	3.81	ord	1,044	1,044
24-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	3.78	CFD	7,637	7,637
	National Association
27-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	19,470	19,470
27-Feb-17	BlackRock Advisors(UK)Limited	on mkt buy	3.79	ord	13,642	13,642
27-Feb-17	BlackRock Fund Advisors	in specie	n/a	ord	19,524	19,524
27-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	3.78	CFD	117,748	117,748
	National Association
27-Feb-17	BlackRock Financial Management,Inc.	in specie	n/a	ord	-6,222	-6,222
27-Feb-17	BlackRock Advisors(UK)Limited	on mkt buy	3.79	ord	78,046	78,046
28-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	3.78	CFD	9,382	9,382
	National Association
28-Feb-17	BlackRock Institutional Trust Company,	on mkt buy	3.76	CFD	64,289	64,289
	National Association
28-Feb-17	BlackRock Financial Management,Inc.	in specie	n/a	ord	17,273	17,273
28-Feb-17	BlackRock Institutional Trust Company,	on mkt sell	3.80	ord	-1,481	-1,481
	National Association
01-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	19,524	19,524
01-Mar-17	BlackRock Advisors(UK)Limited	on mkt buy	3.80	ord	39,084	39,084
01-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	18,240	18,240
02-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.71	ord	7,089	7,089
	AG
02-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	1,140	1,140
02-Mar-17	BlackRock Investment Management	on mkt buy	3.72	ord	1,408	1,408
	(Australia)Limited
02-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	47,624	47,624
02-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	4,275	4,275
02-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.71	ord	21,267	21,267
	AG
02-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	872	872
02-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	3,270	3,270
03-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.61	ord	23,301	23,301
	AG
03-Mar-17	BlackRock Investment Management	on mkt buy	3.64	ord	11,313	11,313
	(Australia)Limited
03-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	3,420	3,420
06-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	1,090	1,090
06-Mar-17	BlackRock Advisors(UK)Limited	in specie	n/a	ord	40,038	40,038
06-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	15,576	15,576
08-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.70	ord	23,318	23,318
	AG

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Transaction Date	Person whose relevant interest changed	Nature of change / Consideration (NZD)	Nature of change / Consideration (NZD)	Class and number of securities affected	Class and number of securities affected	Person's votes affected
08-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	1,425	1,425
08-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	4,275	4,275
09-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.61	ord	23,350	23,350
	AG
09-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.61	ord	23,350	23,350
	AG
09-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	2,850	2,850
10-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	31,839	31,839
13-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.84	CFD	-8,317	-8,317
	National Association
13-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.84	CFD	-6,015	-6,015
	National Association
13-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.84	ord	28,400	28,400
	AG
13-Mar-17	BlackRock Investment Management	in specie	n/a	ord	81,766	81,766
	(Australia)Limited
13-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.84	ord	7,100	7,100
	AG
14-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	47,624	47,624
14-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.82	CFD	-47,773	-47,773
	National Association
14-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.82	CFD	-24,657	-24,657
	National Association
14-Mar-17	BlackRock Asset Management Deutschland	on mkt sell	3.80	ord	-26,603	-26,603
	AG
15-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	15,576	15,576
15-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.73	CFD	-17,596	-17,596
	National Association
15-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.73	CFD	-96,212	-96,212
	National Association
15-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.69	ord	7,100	7,100
	AG
15-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.73	CFD	-4,793	-4,793
	National Association
15-Mar-17	BlackRock Advisors(UK)Limited	on mkt sell	3.69	ord	-47,106	-47,106
16-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.62	CFD	-93,077	-93,077
	National Association
16-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.61	CFD	-65,749	-65,749
	National Association
16-Mar-17	BlackRock Investment Management (UK)	on mkt sell	3.62	ord	-93,489	-93,489
	Limited
16-Mar-17	BlackRock Fund Advisors	in specie	n/a	ord	-39,048	-39,048
17-Mar-17	BlackRock Asset Management Deutschland	on mkt sell	3.49	ord	-5,993,802	-5,993,802
	AG
17-Mar-17	BlackRock Investment Management,LLC	on mkt sell	3.54	ord	-9,759	-9,759
17-Mar-17	BlackRock Investment Management	on mkt sell	3.54	ord	-54,710	-54,710
	(Australia)Limited
17-Mar-17	BlackRock Investment Management (UK)	on mkt sell	3.49	ord	-9,841	-9,841
	Limited
17-Mar-17	BlackRock Investment Management	on mkt sell	3.54	ord	-14,992	-14,992
	(Australia)Limited
17-Mar-17	BlackRock Fund Advisors	on mkt buy	3.49	ord	432,207	432,207
17-Mar-17	BlackRock Investment Management	on mkt sell	3.54	ord	-7,050	-7,050
	(Australia)Limited
17-Mar-17	BlackRock(Singapore)Limited	on mkt sell	3.49	ord	-16,987	-16,987
17-Mar-17	BlackRock Advisors(UK)Limited	on mkt buy	3.49	ord	4,331,399	4,331,399
17-Mar-17	BlackRock Investment Management (UK)	on mkt sell	3.49	ord	-930,691	-930,691
	Limited
17-Mar-17	BlackRock Investment Management (UK)	on mkt sell	3.49	ord	-124,394	-124,394
	Limited
17-Mar-17	BlackRock Institutional Trust Company,	on mkt buy	3.49	ord	20,688	20,688
	National Association
17-Mar-17	BlackRock Financial Management,Inc.	on mkt sell	3.49	ord	-17,222	-17,222

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Transaction Date	Person whose relevant interest changed	Nature of change / Consideration (NZD)	Nature of change / Consideration (NZD)	Class and number of securities affected	Class and number of securities affected	Person's votes affected
17-Mar-17	BlackRock Asset Management Canada	on mkt sell	3.49	ord	-23,822	-23,822
	Limited
17-Mar-17	BlackRock Asset Management Canada	on mkt buy	3.49	ord	102,846	102,846
	Limited
17-Mar-17	BlackRock Investment Management	on mkt sell	3.54	ord	-18,054	-18,054
	(Australia)Limited
17-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.49	ord	-61,894	-61,894
	National Association
17-Mar-17	BlackRock Institutional Trust Company,	on mkt sell	3.51	CFD	-48,131	-48,131
	National Association
17-Mar-17	BlackRock Investment Management	on mkt sell	3.54	ord	-21,876	-21,876
	(Australia)Limited
17-Mar-17	BlackRock Fund Advisors	on mkt buy	3.49	ord	5,549,673	5,549,673
17-Mar-17	BlackRock Asset Management Deutschland	on mkt buy	3.49	ord	3,220,059	3,220,059
	AG

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			Appendix C
Parties to the Derivative
Investment Manager / Agent	Fund	On Behalf of	Counterparty
BlackRock Institutional Trust Company, National Association	Global Alpha Opportunities Master Fund Ltd		UBS SECURITIES LLC
BlackRock Investment Management (UK) Limited	LSMS Blackrock Global Equity Market Neutral Strategy		GOLDMAN SACHS INTL
BlackRock Institutional Trust Company, National Association	Global Alpha Opportunities Master Fund Ltd		BOA-MERRILL LYNCH INTL
BlackRock Institutional Trust Company,National Association	MuSt GL		DB-DEUTSCHE BANK
BlackRock Institutional Trust Company,National Association	MuSt GL		CITI-CITIGROUP GLOBAL
BlackRock Investment Management(UK)Limited	Aberdeen UCITS		GOLDMAN SACHS INTL
BlackRock Institutional Trust Company,National Association	MuSt GL		UBS SECURITIES LLC

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