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Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX LIMITED and To SKY NETWORK TELEVISION LIMITED Date this disclosure made: 28-Mar-2018 Date last disclosure made: 28-Mar-2018 Date on which substantial holding ceased: 27-Mar-2018 Substantial product holder(s) giving disclosure Full name(s):Commonwealth Bank of Australia Summary of previous substantial holding Class of quoted voting products: Ordinary shares Summary for Commonwealth Bank of Australia For last disclosure,-- (a) total number held in class: 19,457,799 (b) total in class: 389,139,785 (c) total percentage held in class: 5.000% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 19,452,456 (b) total in class: 389,139,785 (c) total percentage held in class: 4.999% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: See Appendix A Additional information Address(es) of substantial product holder(s): - ASB Bank Limited ACN 398445, Level 2, ASB North Wharf, 12 Jellicoe Street, Auckland, 1010 , New Zealand - CBA Markets Limited ACN 003 485 952, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia - Commonwealth Bank Officers Superannuation Corporation Pty Limited ACN 074 519 798, Level 11 Tower 1, 201 Sussex St Sydney NSW 2001 - Colonial First State Asset Management (Australia) Limited ACN 114 194 311, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia - Colonial First State Investments Limited ACN 002 348 352, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia - Realindex Investments Pty Limited ACN 133 312 017, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia - Commonwealth Bank of Australia, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia Contact details: Anitha Subramanian, +61 (0) 457 529 297, AUSR_SM02041@cba.com.au Nature of connection between substantial product holders: Commonwealth Bank of Australia is a related body corporate of ASB Bank Limited ACN 398445 CBA Markets Limited ACN 003 485 952 Commonwealth Bank Officers Superannuation Corporation Pty Limited ACN 074 519 798 Colonial First State Asset Management (Australia) Limited ACN 114 194 311 Colonial First State Investments Limited ACN 002 348 352 Realindex Investments Pty Limited ACN 133 312 017 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, Clare McManus, 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:00316145 For:SKT Type:SHINTR Time:2018-03-28 17:19:54