Date for satisfying conditions for proposed merger

The sale and purchase agreement between SKY and Vodafone Europe B.V. (Vodafone) in relation to the proposed merger of SKY and Vodafone NZ (SPA) is subject to a number of conditions that must be satisfied or waived in order for the merger to proceed. As the current long stop date for these conditions to be satisfied or waived (28 February 2017) has passed, either SKY or Vodafone may, on notice, terminate the SPA. SKY does not currently propose to give notice of termination of the SPA to Vodafone while the parties consider their options. ?Vodafone has indicated to Sky that it also does not currently propose to give notice of termination of the SPA?. For further information please contact: Jason Hollingworth Chief Financial Officer SKY Network Television (09) 579 9999 021 312 928 jhollingworth@skytv.co.nz End CA:00297612 For:SKT Type:MERGER Time:2017-03-01 08:33:33