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For the half year ended: 31 December 2016 This report has been prepared in a manner which complies with New Zealand International Financial Reporting Standards and gives a true and fair view of the matters to which the report relates and is based on audited financial statements. CONSOLIDATED INCOME STATEMENT Current Half year NZ$'000; Up/Down %; Previous Corresponding Half year NZ$'000 Total Operating Revenue: 458,183; Down 3.7%; 475,554 OPERATING SURPLUS BEFORE TAXATION: 88,346; Down 27.2%; 121,371 Less taxation on operating profit: 28,887; Down 15.1%; 34,034 NET PROFIT AFTER TAX: 59,459; Down 31.9%; 87,337 NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS: 59,300; Down 31.9%; 87,092 Earnings per share: 15.24 cps; Down 31.9%; 22.38cps Guidance SKY confirms the Guidance provided on 14 December 2016 that EBITDA will be 5% to 7% below the $296 million forecast for the year ended 30 June 2017 included in the Explanatory Memorandum dated 13 June 2016. Results Presentation attached. End CA:00297166 For:SKT Type:HALFYR Time:2017-02-22 08:40:37