Appendix 3B

APN News & Media Limited (APN) | 11:24 am, Wednesday 12 December 2007

APN
2.830
0.000
(+0.00%)
Market Announcement
Type:ALLOT


Class of securities issued: Ordinary Shares (ISIN: AU000000APN4)
Number of securities issued: Ordinary Shares - 355,000
(being 0.07% of the ordinary shares on issue)

Do the securities rank equally: Yes.

Issue price or consideration:
A. 15,000 @ A$3.85 cash
B. 15,000 @ A$3.85 cash
C. 200,000 @ A$3.34 cash
D. 115,000 @ A$3.34 cash
E. 10,000 @ A$3.34 cash

Purpose of the issue: Exercises of Options under the Executive
and Director Option Plan

Dates of entering securities:
A. 14 November 2007
B. 27 November 2007
C. 27 November 2007
D. 30 November 2007
E. 11 December 2007

Number and class of all securities quoted on ASX or NZSX: 489,004,372
Ordinary Shares