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

jhollingworth@skytv.co.nz

Sky Network Television Ltd. published this content on 13 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 April 2017 07:53:13 UTC.

Original documenthttps://skynz.akamaized.net//documents/24003/3989517/Commerce_Comission_Reasons_for_Decision.pdf/cd0e3e88-4e95-4162-bb03-ab2c15960995

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