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Disclosure of beginning to have substantial holding Section 22, Securities Markets Act 1988 To: New Zealand Stock Exchange And: SKY Network Television Date this disclosure made: January 30, 2017 Substantial security holder(s) giving disclosure Name(s): Harris Associates L.P. Contact details: Kim Colwell, Phone: 312-646-3489, Email: kcolwell@harrisassoc.com Date on which substantial security holder(s) began to have substantial holding: January 27, 2017 Summary of substantial holding to which disclosure relates Class of listed voting securities: ordinary shares, SKTNX Summary for Harris Associates L.P., an investment advisor, holds these shares in several accounts on behalf of the beneficial owners For this disclosure,-- (a) total number held in class: 19,714,500 (b) total in class: 389,139,785 (c) total percentage held in class: 5.07% Details of relevant interests currently in substantial holding Details for Harris Associates L.P. Nature of relevant interest(s): Harris Associates L.P., an investment advisor, holds these shares in several accounts on behalf of the beneficial owners For that relevant interest,-- (a) number held in class: 19,714,500 (b) percentage held in class: 5.07% (c) current registered holder(s) of securities: various private clients (d) registered holder(s) of securities once transfers registered: n/a Details of transactions and events giving rise to person beginning to have substantial holding Details of the transactions or other events requiring disclosure under the instructions to this form: Acquisition of shares Additional information Nature of connection between substantial security holders: Harris Associates L.P., an investment advisor, holds these shares in several accounts on behalf of the beneficial owners Address(es) of substantial security holder(s): 111 S. Wacker Drive, Suite 4600, Chicago, IL 60606 Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: n/a Declaration I, Kim Colwell, declare 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. End CA:00296115 For:SKT Type:SSH Time:2017-01-31 08:30:14