Fairfax Media : Domain Scheme Booklet

22 September 2017:

Fairfax Media Limited [ASX:FXJ] ('Fairfax' or 'Company') today announced that the Federal Court of Australia in Sydney has ordered a meeting of Fairfax shareholders (the Scheme Meeting) to be convened to vote on a scheme of arrangement to effect the proposed separation of Domain Holdings Australia Ltd ('Domain') from Fairfax (the Separation).

The Scheme Meeting will be followed by an Annual General Meeting of Fairfax shareholders (together, the Meetings) which will include a vote on the proposed capital reduction of Fairfax required to implement the Separation.

If the Separation is effected, eligible Fairfax shareholders will receive one Domain share for every 10 Fairfax shares held on the scheme record date (currently expected to be 7.00pm (Sydney time) on 17 November 2017).

The Fairfax Board of Directors unanimously recommend that Fairfax shareholders vote in favour of the resolutions at the Meetings required to effect the Separation. The independent expert, Grant Samuel & Associates, has concluded that the Separation is in the best interests of Fairfax shareholders.

The Scheme Meeting and Annual General Meeting will be held on 2 November 2017 from 10:00am (AEST) at the Pitt Street Room, Ground Floor, Domain Offices, 55 Pyrmont Street, Pyrmont NSW 2009.

The scheme booklet, which describes the Separation in detail and is attached to this release, will be posted to the Fairfax website on 22 September 2017. The scheme booklet will also be dispatched to Fairfax shareholders in due course.

For further information, please contact the Fairfax Shareholder Information Line on 1300 888 062.