SKY NETWORK TELEVISION LIMITED. — Major Shareholding Notification 2017

Mar 29, 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

Note: This form must be completed in accordance with the instructions at the end of the form.

To New Zealand Stock Exchange

and

To SKY Network Television

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

Date of relevant event: March 28, 2017

Date this disclosure made: March 29, 2017

Date last disclosure made: January 30, 2017

Substantial product holder(s) giving disclosure

Full name(s): Harris Associates L.P.

Summary of substantial holding

Class of quoted voting products: common stock, SKT

Summary for Harris Associates, L.P., an investment adviser

For this disclosure,—

• (a) total number held in class: 23,714,100

• (b) total in class: 389,139,785

• (c) total percentage held in class: 6.09%

For last disclosure,—

• (a) total number held in class: 19,714,500

• (b) total in class: 389,139,785

• (c) total percentage held in class: 5.07%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure: acquisition of shares resulting in a 1% movement

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Details after relevant event

Details for Harris Associates L.P.

Nature of relevant interest(s): Harris Associates L.P., an investment adviser, holds these shares in several accounts on behalf of the beneficial owners.

For that relevant interest,—

• (a) number held in class: 23,714,100

• (b) percentage held in class: 6.09%

• (c) current registered holder(s): Harris Associates L.P., an investment adviser, holds these shares in several accounts on behalf of the beneficial owners.

• (d) registered holder(s) once transfers are registered: NOT APPLICABLE

• For a derivative relevant interest, also—

• (a) type of derivative: NOT APPLICABLE

• (b) details of derivative: NOT APPLICABLE

• (c) parties to the derivative: NOT APPLICABLE

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

Additional information

Address(es) of substantial product holder(s): 111 S. Wacker Drive, Suite 4600, Chicago, IL 60606

Contact details: Sarah E. Grimm, (312) 646-3528, sgrimm@harrisassoc.com

*Nature of connection between substantial product holders: [ names and nature of connection ] NOT APPLICABLE

*Omit if disclosure is made for only 1 substantial product holder.

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: None

*Disclosure has effect for purposes of directors’ and senior managers’ disclosure

[ Name ] is also a [ specify either director or senior manager ] of [ name of listed issuer ] . This disclosure also constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure obligations.

*Omit if inapplicable (see section 302 of the Financial Markets Conduct Act 2013).

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Certification

I, Sarah E. Grimm , 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 by all persons for whom it is made.

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