SPH Notice – Lazard Asset Management Pacific Co

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 To: NZX Limited and To Sky Network Television Limited Relevant event being disclosed: A movement of 1% or more in the substantial holding or a change in the nature of any relevant interest in the substantial holding, or both Date of relevant event: 20 October 2017 Date this disclosure made: 24 October 2017 Date last disclosure made: 12 September 2017 Substantial product holder(s) giving disclosure Full name(s): Lazard Asset Management Pacific Co and its related bodies corporate listed in Annexure A Summary of substantial holding Class of quoted voting products: Ordinary Shares in Sky Network Television Limited (SKT) Summary for Lazard Asset Management Pacific Co For this disclosure,-- (a) total number held in class: 27,322,368 (b) total in class: 389,139,785 (c) total percentage held in class: 7.021% For last disclosure,-- (a) total number held in class: 33,328,552 (b) total in class: 389,139,785 (c) total percentage held in class: 8.565% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: See Annexure B. All on market trades Details after relevant event Details for Lazard Asset Management Pacific Co Nature of relevant interest(s): Lazard Asset Management Pacific Co's ordinary business consists of, or includes, the investment of some or all of the funds of another person under investment management contracts or as the responsible entity of managed investment schemes and under those documents has the power to exercise, or to control the exercise of, a right to vote attached to the quoted product or has the power to acquire or dispose of, or to control the acquisition or disposal of, the quoted product. The relevant interests, arising under the investment management contracts or constitutions, as the case may be, arise only from the powers of those documents. The relevant agreement documents or constitutions need not be attached under regulation 139. For that relevant interest,-- (a) number held in class: 27,322,368 (b) percentage held in class: 7.021% (c) current registered holder(s): See attached (d) registered holder(s) once transfers are registered: No change 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): c/o Lazard Asset Management Pacific Co Level 39, Gateway Building, 1 Macquarie Place, Sydney NSW 2000 Australia Contact details: Apnavi Saddington +61 2 8274 1422 apnavi.saddington@lazard.com. *Nature of connection between substantial product holders: The substantial product holders are all related companies of Lazard Asset Management Pacific Co. See Annexure A Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: not applicable Certification I, Apnavi Saddington 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:00309125 For:SKT Type:SHINTR Time:2017-10-24 17:07:38