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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: 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: 26 February 2018 Date this disclosure made: 28 February 2018 Date last disclosure made: 24 October 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: 22,004,157 (b) total in class: 389,139,785 (c) total percentage held in class: 5.655% For last 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% 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 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:00314942 For:SKT Type:SHINTR Time:2018-03-01 08:50:44