23 February 2017

Market Information Services Section NZX Limited

PO Box 2959

Wellington

Company Announcements Office ASX Limited

Level 4, 20 Bridge Street Sydney, NSW

Australia

SKY TV

PO Box 9059

Newmarket Auckland 1149 New Zealand

10 Panorama Road Mt Wellington Auckland 1060 New Zealand

T. +64 9 579 9999

sky.co.nz skybusiness.co.nz

Commerce Commission declines to clear the proposed merger of Vodafone and SKY

SKY Network Television Ltd (SKY) and Vodafone Group Plc have today been advised by the New Zealand Commerce Commission of its decision not to clear the two companies' proposed merger of their operating businesses in New Zealand.

Following its review of the merger application and subsequent submissions, the New Zealand Commerce Commission concluded that it cannot be satisfied that the merger would not substantially lessen competition.

SKY Chief Executive John Fellet commented, "This is a very disappointing conclusion to a merger we saw as enhancing New Zealand's communications and media landscape. From here we will continue to strive to deliver innovative ways to curate and deliver entertainment to all of New Zealand."

For further information please contact:

Jason Hollingworth Chief Financial Officer SKY Network Television (09) 579 9999

021 312 928

jhollingworth@skytv.co.nz

Sky Network Television Ltd. published this content on 23 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 February 2017 20:01:07 UTC.

Original documenthttps://skynz.akamaized.net//documents/24003/3505505/23.02.17+SKY+Announcement+-+NZCC+clearance+declined.pdf/8f682931-f547-450d-84af-96c2a96dbd3f

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