NEWS RELEASE 22 July 2011AUSTAR NOTES ACCC STATEMENT

AUSTAR notes that the ACCC has today released a Statement of Issues in relation to the proposed transaction with FOXTEL. The Statement of Issues follows an initial round of market inquiries and provides the ACCC?s preliminary views but is not a final decision by the ACCC.

AUSTAR will continue to work with the ACCC to resolve issues identified as a result of market inquiries.

AUSTAR remains committed to effecting the transaction and will continue to cooperate fully with all relevant government authorities and regulators.

We will continue to update shareholders as and when appropriate.

Media Contacts:

Rebecca Tabakoff

T + 61 (0)2 8298 6100

M +61 (0)419 229 878

E rebecca.tabakoff@fd.com

Ilse Schache

T + 61 (0)2 8298 6100

M +61 (0)416 041 768

E ilse.schache@fd.com