SKY NETWORK TELEVISION LIMITED. — Major Shareholding Notification 2021

Oct 27, 2021

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To NZX Limited

and

To Sky Network Television Limited

Date this disclosure made: 27 Oct 2021

Date last disclosure made: 18 June 2020

Date on which substantial holding ceased: 26 Oct 2021

Substantial product holder(s) giving disclosure

Full name(s): Black Crane Asia Pacific Opportunities Fund

Summary of previous substantial holding

Class of quoted voting products: Ordinary shares

Summary for Black Crane Asia Pacific Opportunities Fund

For last disclosure,—

• (a) total number held in class: 89,496,785

• (b) total in class: 1,746,279,558

• (c) total percentage held in class: 5.12%

For current holding after ceasing to have substantial holding,—

• (a) total number held in class: 7,949,678

• (b) total in class: 174,688,323

• (c) total percentage held in class: 4.55%

Details of transactions and events giving rise to ceasing of substantial holding

Details of the transactions or other events requiring disclosure: see appendix 1

Additional information

Address(es) of substantial product holder(s): 2/F, Harbour Place, 103 South Church Street, P.O. Box 472, George Town, Grand Cayman KY1-1106, Cayman Islands

Contact details: Peter Kennan (email: peter.kennan@black-crane.com; Tel:+852 6503 5252

*Nature of connection between substantial product holders: Not applicable

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

1

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: Not applicable

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

Not applicable

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

Certification

I, PETER DAVID KENNAN , 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.

2

Appendix 1

ppendix 1
			Consideration given in	Class and number of	Person's votes
Date of event	Person whose relevant interest changed	Nature of event	relation to change	securities affected	affected
31/1/2020	Black Crane Asia Pacific Opportunities Fund	Buy	697,392.00	1,000,000.00	0.23%
3/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	69,308.34	100,000.00	0.25%
4/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	45,773.76	68,000.00	0.27%
5/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	19,839.60	30,000.00	0.27%
7/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	85,971.60	130,000.00	0.30%
10/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	77,650.99	120,000.00	0.33%
11/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	67,373.28	107,000.00	0.36%
12/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	30,310.50	50,000.00	0.37%
13/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	89,251.65	145,000.00	0.40%
14/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	32,409.69	50,000.00	0.41%
17/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	254,988.96	400,000.00	0.50%
18/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	95,696.01	150,000.00	0.54%
19/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	53,204.49	84,283.00	0.56%
20/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	230,862.51	365,717.00	0.64%
25/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	55,470.90	92,421.00	0.66%
26/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	147,268.53	257,579.00	0.72%
28/2/2020	Black Crane Asia Pacific Opportunities Fund	Buy	7,965.90	15,000.00	0.73%
2/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	38,119.49	71,780.00	0.74%
3/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	135,794.65	242,396.00	0.80%
4/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	11,476.11	20,824.00	0.80%
6/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	108,216.00	200,000.00	0.85%
9/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	32,603.27	100,000.00	0.87%
16/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	56,242.35	181,592.00	0.91%
17/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	1,528,050.00	5,000,000.00	2.06%
19/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	542,883.60	2,000,000.00	2.52%
24/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	60,254.51	316,496.00	2.59%
27/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	226,634.08	758,490.00	2.76%
30/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	975,116.34	3,300,000.00	3.52%
31/3/2020	Black Crane Asia Pacific Opportunities Fund	Buy	2,069,130.00	7,000,000.00	5.12%
2/6/2020	Black Crane Asia Pacific Opportunities Fund	Buy	8,056,824.84	67,140,207.00	6.24%
17/6/2020	Black Crane Asia Pacific Opportunities Fund	Change in outstanding shares	-	-	5.12%
19/4/2021	Black Crane Asia Pacific Opportunities Fund	Sell	90,019.60	(500,000.00)	5.10%
21/4/2021	Black Crane Asia Pacific Opportunities Fund	Sell	89,370.90	(500,000.00)	5.07%
27/4/2021	Black Crane Asia Pacific Opportunities Fund	Sell	88,223.20	(500,000.00)	5.04%
28/4/2021	Black Crane Asia Pacific Opportunities Fund	Sell	86,576.50	(500,000.00)	5.01%
15/9/2021	Black Crane Asia Pacific Opportunities Fund	Reverse stock split	-	(78,747,107.00)	5.01%
26/10/2021	Black Crane Asia Pacific Opportunities Fund	Sell	1,481,990.08	(800,000.00)	4.55%