SSH – Harris Associates L.P.

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To New Zealand Stock Exchange and To SKY Network Television Relevant event being disclosed: Movement of 1% in the substantial holding Date of relevant event: March 28, 2017 Date this disclosure made: March 29, 2017 Date last disclosure made: January 30, 2017 Substantial product holder(s) giving disclosure Full name(s): Harris Associates L.P. Summary of substantial holding Class of quoted voting products: common stock, SKT Summary for Harris Associates, L.P., an investment adviser For this disclosure,-- (a) total number held in class: 23,714,100 (b) total in class: 389,139,785 (c) total percentage held in class: 6.09% For last 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 transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: acquisition of shares resulting in a 1% movement Details after relevant event Details for Harris Associates L.P. Nature of relevant interest(s): Harris Associates L.P., an investment adviser, holds these shares in several accounts on behalf of the beneficial owners. For that relevant interest,-- (a) number held in class: 23,714,100 (b) percentage held in class: 6.09% (c) current registered holder(s): Harris Associates L.P., an investment adviser, holds these shares in several accounts on behalf of the beneficial owners. (d) registered holder(s) once transfers are registered: NOT APPLICABLE For a derivative relevant interest, also-- (a) type of derivative: NOT APPLICABLE (b) details of derivative: NOT APPLICABLE (c) parties to the derivative: NOT APPLICABLE (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: NOT APPLICABLE Additional information Address(es) of substantial product holder(s): 111 S. Wacker Drive, Suite 4600, Chicago, IL 60606 Contact details: Sarah E. Grimm, (312) 646-3528, sgrimm@harrisassoc.com Certification I, Sarah E. Grimm, certify 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:00299024 For:SKT Type:SSH Time:2017-03-30 08:30:06