Sky Network Television Ltd (“SKT”) – Trading Halt

Memorandum To: Market Participants From: NZX Product Operations Date: Thursday, 21 May 2020 Subject: Sky Network Television Limited ("SKT") - Trading Halt of Securities Message: NZX Regulation ("NZXR") advises that, at the request of the issuer, it has placed a trading halt on Sky Network Television Limited ("SKT") ordinary shares and quoted debt securities ("SKT020"). Both trading halts were placed pre-market open today. The trading halt has been put in place while SKT undertakes a placement and institutional component of an accelerated pro rata entitlement offer, as announced by the company today at 9:19 am. The trading halt will remain in place until the earlier of: 1) SKT releasing an announcement stating the outcome of the placement and institutional component of the accelerated entitlement offer; or 2) Market open on Monday, 25 May 2020. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00353471 For:SKT Type:HALT Time:2020-05-21 09:24:57