SPH Notice – 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 NZX and To SKY NETWORK TELEVISION LTD Relevant event being disclosed: Acquisition of shares resulting in the position increasing by 1% Date of relevant event: 2 March 2018 Date this disclosure made: 17 July 2018 [Correcting the description of relevant interest and registered holder in the disclosure made on 5 March 2018 as at 2 March 2018. The number and percentage held as at 2 March 2018 was correctly stated in the 5 March 2018 disclosure, and no further movement in substantial holding disclosure is required at this time.] Date last disclosure made: 5 March 2018 Substantial product holder(s) giving disclosure Full name(s): Harris Associates L.P. Summary of substantial holding Class of quoted voting products: Ordinary Shares, SKT Summary for Harris Associates L.P. For this disclosure,-- (a) total number held in class: 27,990,800 [as at 2 March 2018] (b) total in class: 389,139,785 [as at 2 March 2018] (c) total percentage held in class: 7.19% [as at 2 March 2018] For last disclosure,-- (a) total number held in class: 23,714,100 [as at 28 March 2017] (b) total in class: 389,139,785 [as at 28 March 2017] (c) total percentage held in class: 6.09% [as at 28 March 2017] Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: Acquisition of shares resulting in the position increasing by 1% as at 2 March 2018 (See Annexure A). The relevant event for the current disclosure is the identification in July 2018 of a need to correct the description of relevant interest and registered holder in the disclosure made on 5 March 2018. Details after relevant event Details for Harris Associates L.P. Nature of relevant interest(s): Harris Associates L.P. has the power to control the acquisition or disposal of the quoted voting product and/ or exercise of a right to vote attached to the quoted voting product, as investment advisor for various funds and accounts. For that relevant interest,-- (a) number held in class: 27,990,800 [as at 2 March 2018] (b) percentage held in class: 7.19% [as at 2 March 2018] (c) current registered holder(s): Various funds and accounts, including Harris Associates Investment Trust (d) registered holder(s) once transfers are registered: n/a For a derivative relevant interest, also-- (a) type of derivative: n/a (b) details of derivative: n/a (c) parties to the derivative: n/a (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: n/a Additional information Address(es) of substantial product holder(s): 111 S. Wacker Drive, Suite 4600, Chicago, IL 60606 USA Contact details: Sarah Eng, 1-312-646-3320, seng@harrisassoc.com * Nature of connection between substantial product holders: N/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: N/A Certification I, Sarah Eng, 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:00320936 For:SKT Type:SHINTR Time:2018-07-17 10:54:34