Capital Return – Final Court Orders Received

11 November 2022 Capital Return to Shareholders - Final Court Orders Received Sky Network Television Limited (Sky) confirms it has today received final orders from the High Court, approving the return of approximately NZ$70 million of capital to its shareholders. On 25 August 2022 Sky announced that it had received initial orders from the High Court to seek shareholders' approval for the return of capital. The return of capital is on a pro rata basis, by way of a scheme of arrangement under Part 15 of the Companies Act 1993 (Scheme). The Scheme was approved at Sky's Annual Shareholder Meeting on 2 November 2022 with 99.68% of the votes from shareholders entitled to vote and voting being cast in favour of the resolution. As announced on 2 November 2022, a binding ruling from the IRD has also been obtained. The Scheme will involve Sky's shareholders: o having one share cancelled for every six shares held (together with all rights attaching to those shares) on the Record Date. Fractions of a share will be rounded up or down to the nearest whole number (with 0.5 rounded up); and o receiving a cash sum of NZ$2.40 for each share cancelled. Shareholders with a registered address in Australia on the Record Date will receive these funds in Australian dollars at an exchange rate approved by Sky. The Record Date for the Scheme is 21 November 2022, with a summary of the key important dates set out below. Indicative timetable: Last trading day - Last trading day prior to halt of trading on NZX and ASX: 17 November 2022 Record Date: 21 November 2022 Implementation Date - Shares cancelled: 22 November 2022 Trading resumes - Trading on NZX and ASX resumes: By 12pm (NZDT) on 22 November 2022 Shareholding statements - Computershare to send new shareholding statements: 28 November 2022 Payment to Shareholders - Computershare to make payment: 29 November 2022 Sky intends to lodge the High Court's final orders with the Registrar of Companies on 15 November 2022 and will release a copy of the orders on that day. ENDS Authorised by: James Bishop, Company Secretary For further information, please contact: James Bishop Company Secretary Sky Network Television Limited James.Bishop@sky.co.nz Investors can also submit queries to: investorrelations@sky.co.nz End CA:00402245 For:SKT Type:CORPACT Time:2022-11-11 14:08:46