SALE OF NINE LIVE COMPLETED SYDNEY, 31 July 2015: Nine Entertainment Co. (ASX:NEC) has today completed the sale of 100% of its Nine Live business to funds advised by Affinity Equity Partners (Affinity), as announced on 16 April 2015.

Of the sale price of $640m, Nine Entertainment expects to receive a net c$600m, after costs and tax. The proceeds will be used to reduce group debt and fund the ongoing capital management program previously announced by the group.

Contacts:

Nine Entertainment Co. Investor Relations Media

Nola Hodgson Victoria Buchan
Head of Investor Relations Director of Communications
+61 2 9965 2306 +61 2 9965 2296 nhodgson@nine.com.auvbuchan@nine.com.au

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