SPH Notice – Jupiter Asset Management Limited

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: movement of 1% or more in substantial holding Date of relevant event: 30 October 2018 Date this disclosure made: 31 October 2018 Date last disclosure made: 11 September 2018 Substantial product holder(s) giving disclosure Full name(s): Jupiter Asset Management Limited and its related bodies corporate listed in Annex A Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for Jupiter Asset Management Limited For this disclosure,-- (a) total number held in class: 28,000,000 (b) total in class: 389,139,785 (c) total percentage held in class: 7.19% For last disclosure,-- (a) total number held in class: 23,700,000 (b) total in class: 389,139,785 (c) total percentage held in class: 6.09% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: See Annex B Details after relevant event Details for Jupiter Asset Management Limited Nature of relevant interest(s): Jupiter Asset Management Limited'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: 28,000,000 (b) percentage held in class: 7.19% (c) current registered holder(s): See Annex C (d) registered holder(s) once transfers are registered: The registered holder is included in the attached table. 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 Address(es) of substantial product holder(s): c/o Jupiter Asset Management Limited, The zig Zag Building, 70 Victoria Street, London SW1E 6SQ Contact details: Alex Robinson +44 20 3817 1763 alex.robinson@jupiteram.com Nature of connection between substantial product holders: The substantial product holders are all related companies of Jupiter Asset Management Limited 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, Alex Robinson 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:00326066 For:SKT Type:SHINTR Time:2018-10-31 10:29:22