To: New Zealand Stock Exchange Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 And: SKY NETWORK TELEVISION LTD this disclosure made: 24 March 2015 on which substantial holding began: 20 March 2015 Substantial security holder(s) giving disclosure Name(s): Contact details: Andrew Yik, Tel +61 2 9272 2305, Email andrew.yik@blackrock.com Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary Share & CFD Summary for: Security holders listed in Appendix A For this disclosure, (a) total number held in class: 21,190,299 Ord (b) total in class: 389,139,785 (c) total percentage held in class: 5.445% Details of relevant interests currently in substantial holding Details for: Product holders listed in Appendix A Nature of relevant interest(s): The power to control the acquisition or disposal of the quoted voting product and/or the exercise of a right to vote attached to the quoted voting product, arising only from the powers of investment contained in each case under investment management agreements appointing each entity as investment manager of funds or separate accounts (i.e. entity currently exercising investment discretion on behalf of the relevant funds or separate accounts). No relevant agreement document needs to be attached under Regulation 142. For that relevant interest, (a) (b) (c) (d) number held in class: Refer to Appendix A percentage held in class: Refer to Appendix A current registered holder(s) of products: Refer to Appendix A registered holder(s) of securities once transfers registered: Not applicable For a derivative relevant interest, also (a) (b) (c) (d) type of derivative: Contracts For Difference details of derivative: [specify details required by the instructions to this form] - Notional number of underlying shares: 2,376,282 - These derivatives are all cash-settled. - Derivatives were acquired as follows: Refer to Appendix B parties to the derivative: Refer to Appendix C if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: The power to control the acquisition or disposal of the derivative Refer to Appendix C STK_20.03.15_603.docx
Details of transactions and events giving rise to person beginning to have substantial holding Details of the transactions or other events requiring disclosure under the instructions to this form: Refer to Appendix B Additional information Nature of connection between substantial product holders: Refer to Appendix A Address(es) of substantial product holder(s): Refer to Appendix A Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: Not applicable. Certification I, Kayla McGrory, Authorised Signatory, 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 for. STK_20.03.15_603.docx
Holder of Relevant Interests Total Held in Class CCY number % Nature of Association BlackRock Advisors (UK) Limited ord NZD 5,251,454 1.350% subsidiary of Appendix A Address Murray House 1Royal Mint Court London, EC3N 4HH, UK BlackRock Asset Management Canada Limited ord NZD 8,010 0.002% subsidiary of 161 Bay Street, Suite 2500 Toronto, Ontario M5J 2S1 BlackRock Asset Management Deutschland AG ord NZD 2,001,278 0.514% subsidiary of Max-Joseph-Straße 6 80333 Munich, Germany BlackRock Asset Management North Asia Limited ord NZD 2,540 0.001% subsidiary of 16/F, 2 Queen s Road Cheung Kong Center Hong Kong BlackRock Fund Advisors ord NZD 2,776,505 0.713% subsidiary of 400 Howard Street San Francisco, CA, 94105 ord AUD 2,376,282 0.611% subsidiary of 400 Howard Street San Francisco, CA, 94105 ord NZD 2,284,105 0.587% subsidiary of 400 Howard Street San Francisco, CA, 94105 ord AUD 5,975,679 1.536% subsidiary of Level 26, 101 Collins St Melbourne Australia ord NZD 1,632 0.000% subsidiary of Level 26, 101 Collins St Melbourne Australia (UK) Ltd ord NZD 499,196 0.128% subsidiary of 12 Throgmorton Avenue London EC2N 2DL UK, LLC ord AUD 13,618 0.003% subsidiary of 1 University Square Drive, Princeton, NJ 08540 SKT page 1 of 1
Appendix B Transaction SKY NETWORK TELEVISION LTD securities 21-Nov-14 on mkt buy 6.41 ord 4,755 4,755 24-Nov-14 off mkt buy 6.43 CFD 11,148 11,148 25-Nov-14 on mkt buy 6.45 ord 118 118 25-Nov-14 on mkt buy 6.47 ord 2,709 2,709 25-Nov-14 on mkt buy 6.49 ord 2,679 2,679 25-Nov-14 on mkt buy 6.47 ord 161,798 161,798 25-Nov-14 on mkt buy 6.49 ord 182 182 25-Nov-14 on mkt buy 6.47 ord 10,974 10,974 25-Nov-14 on mkt buy 6.45 ord 36 36 25-Nov-14 on mkt buy 6.47 ord 825 825 25-Nov-14 on mkt buy 6.45 ord 215 215 25-Nov-14 on mkt buy 6.47 ord 4,970 4,970 25-Nov-14 BlackRock Fund Advisors on mkt buy 6.48 ord 126,560 126,560 27-Nov-14 on mkt buy 6.51 ord 117,136 117,136 27-Nov-14 on mkt sell 6.51 ord -917-917 27-Nov-14 on mkt sell 6.51 ord -9,954-9,954 27-Nov-14 on mkt buy 6.51 ord 5,066 5,066 27-Nov-14 on mkt sell 6.51 ord -1,118-1,118 27-Nov-14 BlackRock Advisors (UK) Limited in specie n/a ord -38,349-38,349 28-Nov-14 in specie n/a ord -4,521-4,521 01-Dec-14 on mkt buy 6.48 ord 312 312 01-Dec-14 on mkt buy 6.49 ord 88,980 88,980 01-Dec-14 on mkt sell 6.46 ord -257-257 01-Dec-14 on mkt sell 6.48 ord -11,170-11,170 01-Dec-14 off mkt sell 6.48 CFD -22,997-22,997 01-Dec-14 off mkt sell 6.45 CFD -11-11 01-Dec-14 on mkt buy 6.48 ord 74 74 01-Dec-14 on mkt buy 6.49 ord 21,224 21,224 01-Dec-14 on mkt buy 6.48 ord 8 8 01-Dec-14 on mkt buy 6.49 ord 2,146 2,146 01-Dec-14 BlackRock Fund Advisors in specie n/a ord 7,984 7,984 01-Dec-14 BlackRock Fund Advisors in specie n/a ord 15,968 15,968 02-Dec-14 off mkt buy 6.38 CFD 10,481 10,481 02-Dec-14 BlackRock Fund Advisors in specie n/a ord 695 695 03-Dec-14 on mkt sell 6.32 ord -9,917-9,917 03-Dec-14 on mkt sell 6.36 ord -17,671-17,671 SKT page 1 of 7
securities 03-Dec-14 on mkt sell 6.36 ord -1,110-1,110 03-Dec-14 on mkt sell 6.32 ord -623-623 03-Dec-14 on mkt sell 6.36 ord -374-374 03-Dec-14 on mkt sell 6.32 ord -210-210 04-Dec-14 on mkt sell 6.28 ord -3,038-3,038 04-Dec-14 off mkt buy 6.28 CFD 1,694 1,694 04-Dec-14 on mkt sell 6.28 ord -191-191 04-Dec-14 on mkt sell 6.28 ord -64-64 05-Dec-14 on mkt buy 6.25 ord 2,453 2,453 05-Dec-14 on mkt buy 6.25 ord 13,708 13,708 05-Dec-14 on mkt buy 6.25 ord 16,219 16,219 05-Dec-14 on mkt buy 6.25 ord 1,579 1,579 05-Dec-14 on mkt buy 6.25 ord 2,927 2,927 05-Dec-14 on mkt buy 6.25 ord 4,443 4,443 08-Dec-14 off mkt buy 6.18 CFD 18,703 18,703 09-Dec-14 on mkt buy 6.16 ord 110,327 110,327 09-Dec-14 on mkt sell 6.14 ord -7,663-7,663 09-Dec-14 BlackRock Fund Advisors in specie n/a ord 2,934 2,934 10-Dec-14 on mkt buy 6.04 ord 14,658 14,658 10-Dec-14 off mkt buy 6.05 CFD 24,969 24,969 10-Dec-14 BlackRock Fund Advisors in specie n/a ord 1,173 1,173 11-Dec-14 on mkt buy 6.01 ord 959 959 11-Dec-14 on mkt buy 6.01 ord 293,722 293,722 11-Dec-14 on mkt buy 6.01 ord 10,790 10,790 11-Dec-14 on mkt buy 6.01 ord 1,266 1,266 11-Dec-14 on mkt sell 6.06 ord -39,989-39,989 11-Dec-14 off mkt buy 6.02 CFD 2,447 2,447 11-Dec-14 off mkt buy 6.03 CFD 58,525 58,525 11-Dec-14 on mkt buy 6.01 ord 9,827 9,827 11-Dec-14 on mkt buy 6.01 ord 847 847 11-Dec-14 on mkt buy 6.01 ord 2,474 2,474 12-Dec-14 on mkt buy 5.99 ord 518 518 12-Dec-14 on mkt buy 5.99 ord 158,800 158,800 12-Dec-14 on mkt buy 5.99 ord 5,833 5,833 12-Dec-14 on mkt buy 5.99 ord 685 685 12-Dec-14 on mkt buy 5.99 ord 5,313 5,313 12-Dec-14 on mkt buy 5.99 ord 458 458 SKT page 2 of 7
securities 12-Dec-14 on mkt buy 5.99 ord 1,338 1,338 15-Dec-14 on mkt buy 5.91 ord 8,126 8,126 15-Dec-14 on mkt buy 5.91 ord 40,669 40,669 15-Dec-14 on mkt buy 5.91 ord 29,111 29,111 15-Dec-14 on mkt buy 5.91 ord 2,000 2,000 15-Dec-14 off mkt buy 5.92 CFD 32,181 32,181 15-Dec-14 on mkt buy 5.91 ord 11,554 11,554 15-Dec-14 on mkt buy 5.91 ord 3,640 3,640 15-Dec-14 on mkt buy 5.91 ord 1,817 1,817 16-Dec-14 on mkt sell 5.86 ord -9,076-9,076 16-Dec-14 off mkt buy 5.86 CFD 4,356 4,356 16-Dec-14 off mkt buy 5.86 CFD 32,673 32,673 16-Dec-14 BlackRock Fund Advisors in specie n/a ord 978 978 17-Dec-14 on mkt buy 5.87 ord 619 619 17-Dec-14 on mkt buy 5.85 ord 5,685 5,685 17-Dec-14 on mkt buy 5.87 ord 1,575 1,575 17-Dec-14 on mkt buy 5.85 ord 14,463 14,463 17-Dec-14 on mkt buy 5.87 ord 7,072 7,072 17-Dec-14 on mkt buy 5.85 ord 64,925 64,925 17-Dec-14 on mkt buy 5.87 ord 868 868 17-Dec-14 on mkt buy 5.85 ord 7,967 7,967 17-Dec-14 on mkt buy 5.87 ord 1,075 1,075 17-Dec-14 on mkt buy 5.85 ord 9,870 9,870 17-Dec-14 off mkt buy 5.86 CFD 22,694 22,694 17-Dec-14 on mkt buy 5.87 ord 463 463 17-Dec-14 on mkt buy 5.85 ord 4,248 4,248 17-Dec-14 on mkt buy 5.87 ord 1,025 1,025 17-Dec-14 on mkt buy 5.85 ord 9,407 9,407 17-Dec-14 on mkt buy 5.87 ord 459 459 17-Dec-14 on mkt buy 5.85 ord 4,221 4,221 17-Dec-14 BlackRock Fund Advisors in specie n/a ord -35,442-35,442 17-Dec-14 BlackRock Fund Advisors on mkt sell 5.80 ord -31,010-31,010 18-Dec-14 off mkt buy 5.85 CFD 7,575 7,575 18-Dec-14 off mkt buy 5.85 CFD 10,457 10,457 18-Dec-14 BlackRock Fund Advisors in specie n/a ord 1,996 1,996 18-Dec-14 on mkt sell 5.82 ord -59,486-59,486 18-Dec-14 BlackRock Fund Advisors on mkt buy 5.91 ord 884 884 18-Dec-14 in specie n/a ord -43,635-43,635 19-Dec-14 on mkt buy 5.89 ord 10,884 10,884 SKT page 3 of 7
securities 19-Dec-14 on mkt buy 5.89 ord 55,790 55,790 19-Dec-14 on mkt buy 5.89 ord 5,462 5,462 19-Dec-14 on mkt sell 5.85 ord -14,796-14,796 19-Dec-14 on mkt buy 5.89 ord 3,481 3,481 19-Dec-14 on mkt buy 5.89 ord 5,882 5,882 19-Dec-14 BlackRock Fund Advisors in specie n/a ord 1,996 1,996 19-Dec-14 on mkt sell 5.81 ord -6,687-6,687 22-Dec-14 BlackRock Fund Advisors in specie n/a ord 690 690 22-Dec-14 BlackRock Fund Advisors in specie n/a ord 1,620 1,620 22-Dec-14 BlackRock Fund Advisors in specie n/a ord 2,916 2,916 on mkt buy 5.98 ord 11,613 11,613 on mkt sell 5.97 ord -22,608-22,608 on mkt buy 5.98 ord 81,835 81,835 on mkt buy 5.98 ord 9,500 9,500 on mkt buy 5.98 ord 10,456 10,456 on mkt sell 5.97 ord -1,159-1,159 on mkt buy 5.98 ord 15,937 15,937 on mkt buy 5.98 ord 4,589 4,589 on mkt buy 5.98 ord 1,653 1,653 BlackRock Fund Advisors on mkt buy 5.97 ord 1,768 1,768 24-Dec-14 on mkt sell 5.94 ord -5,613-5,613 24-Dec-14 on mkt sell 5.94 ord -288-288 26-Dec-14 BlackRock Fund Advisors in specie n/a ord 7,984 7,984 29-Dec-14 BlackRock Fund Advisors in specie n/a ord -17,760-17,760 05-Jan-15 on mkt buy 5.99 ord 11,707 11,707 06-Jan-15 BlackRock Fund Advisors in specie n/a ord 10,350 10,350 08-Jan-15 on mkt buy 5.89 ord 16,529 16,529 08-Jan-15 on mkt buy 5.89 ord 2,105 2,105 08-Jan-15 off mkt buy 5.89 CFD 18,483 18,483 08-Jan-15 on mkt buy 5.89 ord 2,060 2,060 09-Jan-15 on mkt buy 5.93 ord 8,869 8,869 09-Jan-15 BlackRock Fund Advisors in specie n/a ord 1,449 1,449 12-Jan-15 on mkt buy 5.87 ord 490 490 12-Jan-15 on mkt sell 5.87 ord -2,078-2,078 12-Jan-15 on mkt buy 5.87 ord 6,257 6,257 12-Jan-15 BlackRock Fund Advisors in specie n/a ord 17,964 17,964 13-Jan-15 BlackRock Fund Advisors in specie n/a ord 3,059 3,059 14-Jan-15 on mkt buy 5.88 ord 13,070 13,070 14-Jan-15 on mkt buy 5.88 ord 6,258 6,258 15-Jan-15 off mkt buy 5.85 CFD 10,724 10,724 16-Jan-15 on mkt sell 5.92 ord -29,412-29,412 16-Jan-15 on mkt sell 5.92 ord -4,453-4,453 SKT page 4 of 7
securities (UK) Ltd 19-Jan-15 on mkt sell 5.93 ord -14,911-14,911 20-Jan-15 on mkt sell 5.91 ord -2,711-2,711 20-Jan-15 on mkt sell 5.89 ord -5,647-5,647 21-Jan-15 off mkt buy 5.90 CFD 292 292 21-Jan-15 off mkt buy 5.91 CFD 2,112 2,112 21-Jan-15 BlackRock Fund Advisors in specie n/a ord 644 644 22-Jan-15 off mkt buy 6.00 CFD 6,014 6,014 28-Jan-15 on mkt buy 6.12 ord 37,321 37,321 28-Jan-15 on mkt buy 6.12 ord 1,117 1,117 29-Jan-15 on mkt buy 6.06 ord 497 497 29-Jan-15 on mkt sell 6.05 ord -2,308-2,308 29-Jan-15 on mkt sell 6.06 ord -9,705-9,705 29-Jan-15 BlackRock Advisors (UK) Limited on mkt buy 6.06 ord 1,909 1,909 30-Jan-15 BlackRock Fund Advisors in specie n/a ord 8,993 8,993 02-Feb-15 BlackRock Asset Management Canada Limited in specie n/a ord -35,939-35,939 03-Feb-15 off mkt buy 5.84 CFD 1,241 1,241 03-Feb-15 off mkt buy 5.82 CFD 25,839 25,839 03-Feb-15 (UK) Ltd on mkt sell 5.78 ord -15,014-15,014 03-Feb-15 BlackRock Fund Advisors in specie n/a ord 391 391 04-Feb-15 on mkt buy 5.93 ord 15,779 15,779 04-Feb-15 off mkt buy 5.91 CFD 22,037 22,037 05-Feb-15 (UK) Ltd on mkt buy 5.84 ord 17,070 17,070 06-Feb-15 on mkt buy 5.92 ord 18,606 18,606 09-Feb-15 on mkt buy 5.90 ord 6,695 6,695 09-Feb-15 BlackRock Fund Advisors in specie n/a ord 2,898 2,898 10-Feb-15 on mkt buy 5.94 ord 6,562 6,562 10-Feb-15 on mkt buy 5.93 ord 32,679 32,679 10-Feb-15 off mkt buy 5.93 CFD 2,806 2,806 10-Feb-15 off mkt buy 5.93 CFD 11,307 11,307 11-Feb-15 on mkt buy 6.04 ord 11,650 11,650 11-Feb-15 off mkt buy 6.04 CFD 3,495 3,495 on mkt sell 5.98 ord -1,769-1,769 on mkt sell 5.98 ord -11,818-11,818 on mkt sell 5.97 ord -3,978-3,978 on mkt sell 5.98 ord -2,434-2,434 on mkt sell 5.98 ord -9,863-9,863 BlackRock Fund Advisors in specie n/a ord 5,988 5,988 BlackRock Advisors (UK) Limited on mkt sell 5.97 ord -3,109-3,109 BlackRock Asset Management Canada Limited on mkt buy 5.97 ord 1,935 1,935 13-Feb-15 in specie n/a ord 52,599 52,599 SKT page 5 of 7
securities 13-Feb-15 on mkt sell 6.00 ord -9,438-9,438 13-Feb-15 on mkt buy 6.00 ord 11,621 11,621 16-Feb-15 off mkt sell 5.93 CFD -24,353-24,353 16-Feb-15 on mkt sell 5.94 ord -6,238-6,238 17-Feb-15 on mkt buy 5.97 ord 8,575 8,575 18-Feb-15 off mkt sell 5.95 CFD -46,892-46,892 18-Feb-15 on mkt sell 5.96 ord -2,033-2,033 18-Feb-15 on mkt sell 5.95 ord -9,993-9,993 18-Feb-15 BlackRock Advisors (UK) Limited on mkt sell 5.95 ord -1,319-1,319 18-Feb-15 BlackRock Fund Advisors in specie n/a ord 1,233 1,233 18-Feb-15 BlackRock Fund Advisors in specie n/a ord 644 644 18-Feb-15 BlackRock Fund Advisors in specie n/a ord 2,737 2,737 20-Feb-15 off mkt sell 5.74 CFD -57,635-57,635 20-Feb-15 on mkt buy 5.75 ord 20,651 20,651 24-Feb-15 off mkt sell 5.72 CFD -37,178-37,178 24-Feb-15 on mkt sell 5.73 ord -6,799-6,799 24-Feb-15 BlackRock Fund Advisors in specie n/a ord 5,988 5,988 24-Feb-15 BlackRock Fund Advisors in specie n/a ord 685 685 25-Feb-15 in specie n/a ord 6,788 6,788 25-Feb-15 BlackRock Fund Advisors in specie n/a ord 30,268 30,268 26-Feb-15 on mkt sell 5.65 ord -419,168-419,168 26-Feb-15 off mkt sell 5.69 CFD -5,961-5,961 26-Feb-15 on mkt sell 5.65 ord -23,268-23,268 26-Feb-15 BlackRock Fund Advisors in specie n/a ord 9,980 9,980 26-Feb-15 BlackRock Fund Advisors in specie n/a ord 4,347 4,347 27-Feb-15 on mkt sell 5.66 ord -10,603-10,603 27-Feb-15 off mkt buy 5.65 CFD 1,783 1,783 27-Feb-15 off mkt sell 5.65 CFD -20,779-20,779 27-Feb-15 BlackRock Fund Advisors in specie n/a ord 3,992 3,992 27-Feb-15 BlackRock Fund Advisors on mkt buy 5.60 ord 35,175 35,175 02-Mar-15 on mkt sell 5.62 ord -1,677-1,677 02-Mar-15 on mkt sell 5.61 ord -357,369-357,369 02-Mar-15 off mkt sell 5.62 CFD -16,644-16,644 02-Mar-15 on mkt sell 5.61 ord -19,838-19,838 02-Mar-15 on mkt sell 5.62 ord -93-93 02-Mar-15 BlackRock Fund Advisors on mkt sell 5.62 ord -3,216-3,216 02-Mar-15 BlackRock Fund Advisors in specie n/a ord 2,898 2,898 03-Mar-15 on mkt sell 5.63 ord -60,122-60,122 03-Mar-15 off mkt buy 5.63 CFD 3,569 3,569 03-Mar-15 on mkt sell 5.63 ord -3,337-3,337 04-Mar-15 on mkt sell 5.65 ord -14,027-14,027 05-Mar-15 off mkt buy 5.52 CFD 8,471 8,471 06-Mar-15 on mkt buy 5.65 ord 1,945 1,945 SKT page 6 of 7
securities 09-Mar-15 BlackRock Fund Advisors in specie n/a ord 1,288 1,288 10-Mar-15 off mkt sell 5.75 CFD -17,286-17,286 10-Mar-15 BlackRock Fund Advisors in specie n/a ord 5,988 5,988 10-Mar-15 BlackRock Fund Advisors in specie n/a ord 685 685 16-Mar-15 off mkt sell 5.77 CFD -17,033-17,033 18-Mar-15 on mkt sell 5.75 ord -4,259-4,259 18-Mar-15 on mkt sell 5.75 ord -726-726 18-Mar-15 on mkt sell 5.75 ord -1,417-1,417 18-Mar-15 on mkt sell 5.75 ord -587-587 18-Mar-15 BlackRock Advisors (UK) Limited on mkt buy 5.78 ord 618,436 618,436 18-Mar-15 BlackRock Fund Advisors in specie n/a ord 2,898 2,898 19-Mar-15 on mkt sell 5.84 ord -3,037-3,037 19-Mar-15 on mkt sell 5.84 ord -517-517 19-Mar-15 on mkt sell 5.84 ord -1,011-1,011 19-Mar-15 on mkt sell 5.84 ord -418-418 19-Mar-15 BlackRock Advisors (UK) Limited on mkt buy 5.82 ord 876,118 876,118 on mkt sell 5.91 ord -57,676-57,676 on mkt sell 5.91 ord -9,835-9,835 on mkt sell 5.91 ord -15,923-15,923 on mkt sell 5.91 ord -19,203-19,203 on mkt sell 5.91 ord -7,948-7,948, LLC on mkt sell 5.91 ord -1,994-1,994 BlackRock Asset Management Deutschland AG on mkt buy 5.90 ord 2,001,278 2,001,278 BlackRock Advisors (UK) Limited on mkt buy 5.89 ord 2,628,353 2,628,353 BlackRock Fund Advisors on mkt buy 5.90 ord 521,730 521,730 on mkt sell 5.90 ord -1,176-1,176 SKT page 7 of 7
Appendix C Parties to the Derivative Investment Manager / Agent Fund On Behalf of Counterparty The 32 Capital Master Fund SPC Ltd Global Market Neutral SP UBS SECURITIES LLC Pan Asia Opportunities Master Fund Ltd UBS SECURITIES LLC SKT page 1 of 1