NZME Full Year Results

NZME Limited Results for announcement to the market Reporting Period 12 months to 31 December 2016 Previous Reporting Period 12 months to 31 December 2015 Amount (000s) Percentage change Revenue from ordinary activities $NZ 407,856 -5.2% Profit (loss) from ordinary activities after tax attributable to security holder $NZ (50,552) -392.3% Net profit (loss) attributable to security holders $NZ 74,543 73.8% Final Dividend Amount per security Imputed amount per security NZ 6.0 cents NZ 2.3333 cents i A supplementary dividend of NZ 1.0588 cents per security will be payable to shareholders who are not tax resident in New Zealand and who hold less than 10% of the shares in NZME Limited. Record Date 11 April 2017 Dividend Payment Date 28 April 2017 Comments: For the 12 months to 31 December 2016, NZME Limited's reported loss from ordinary activities after tax was NZ$ 50.6 million compared to a loss of NZ$10.3 in the comparative period. The loss from ordinary activities contains some significant non-repeating tax adjustments in relation to the settlement of historical matters with the IRD. The net profit after tax for the year to 31 December 2016 of NZ$ 74.5 million, including non-controlling interest profit of NZ$ 13.9 million relating to the first six months prior to the demerger from APN, includes the impact of the demerger from APN in June 2016. This is up 73.8% for the comparative period. Net assets per share as at 31 December 2016 was NZ$ 1.46 compared to NZ$ 3.22 as at 31 December 2015. Net tangible assets per share as at 31 December 2016 was NZ$ (0.23) compared to NZ$ 0.18 as at 31 December 2015 Refer to the attached audited Consolidated Financial Statements for the year ended 31 December 2016 for NZME Limited and its subsidiaries and the Results Presentation for a more detailed analysis and explanation. End CA:00297352 For:NZM Type:FLLYR Time:2017-02-24 08:55:03