NZME Full Year Results

NZME Limited Results for announcement to the market Reporting Period 12 months to 31 December 2017 Previous Reporting Period 12 months to 31 December 2016 Amount (000s) Percentage change Revenue from ordinary activities $NZ 390,688 -4.2% Profit (loss) from ordinary activities after tax attributable to security holder $NZ 20,885 141.3% Net profit (loss) attributable to security holders $NZ 20,885 -72.0% Final Dividend Amount per security Imputed amount per security NZ 6.0 cents NZ 2.3333 cents i A supplementary dividend of NZ 1.0588 cents per security will be payable to shareholders who are not tax resident in New Zealand and who hold less than 10% of the shares in NZME Limited. Record Date 18 April 2018 Dividend Payment Date 3 May 2018 Comments: A brief For the 12 months to 31 December 2017, NZME Limited's reported profit from ordinary activities after tax was NZ$ 20.9 million compared to a loss of NZ$50.6 million in the comparative period. The loss from ordinary activities for the 12 months to 31 December 2016 contained some significant non-repeating tax adjustments in relation to the settlement of historical matters with the IRD. The net profit after tax for the year to 31 December 2017 of NZ$ 20.9 million is down 72% from the net profit after tax of NZ$ 74.5 million for the year to 31 December 2016 (which included a non-controlling interest profit of NZ$ 13.9 million and the impact of the demerger from HT&E Limited (previously APN News & Media Limited) in June 2016). Net assets per share as at 31 December 2017 was NZ$ 1.47 compared to NZ$ 1.46 as at 31 December 2016. Net tangible assets per share as at 31 December 2017 was NZ$ (0.21) compared to NZ$ (0.23) as at 31 December 2016 Refer to the attached audited Consolidated Financial Statements for the year ended 31 December 2017 for NZME Limited and its subsidiaries and the Results Presentation for a more detailed analysis and explanation. End CA:00314563 For:NZM Type:FLLYR Time:2018-02-22 08:31:12