SPH Notice – PERPETUAL LIMITED and subsidiaries

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To: NZX and To: SKY NETWORK TELEVISION LIMITED Date this disclosure made: 12/02/2018 Date last disclosure made: 19/12/2017 Date on which substantial holding ceased: 09/02/2018 Substantial product holder(s) giving disclosure Full name(s): PERPETUAL LIMITED and subsidiaries Summary of previous substantial holding Class of quoted voting products: Ordinary shares Summary for: PERPETUAL LIMITED and subsidiaries For last disclosure,-- (a) total number held in class: 21,342,735 (b) total in class: 389,139,785 (c) total percentage held in class: 5.48% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 16,600,554 (b) total in class: 389,139,785 (c) total percentage held in class: 4.27% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: REFER TO ANNEXURES Additional information Address(es) of substantial product holder(s): PO BOX 4171, SYDNEY 2000, AUSTRALIA Contact details: Sylvie Dimarco, 612 9229 9365, Sylvie.Dimarco@perpetual.com.au 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: N/A Certification I, Sylvie Dimarco, 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:00314101 For:SKT Type:SHINTR Time:2018-02-13 09:13:33