Media Release 3 February 2012 AUSTAR PROVIDES UPDATE ON PROPOSED FOXTEL TRANSACTION

AUSTAR United Communications Limited (ASX: AUN) (AUSTAR) announced today it will seek court approval to postpone its Shareholder Meetings relating to the proposed acquisition of AUSTAR by FOXTEL Management Pty Ltd (FOXTEL) to the end of March 2012. This will allow time for the Australian Competition and Consumer Commission (ACCC) to finalise its review of the transaction.

Further details of the postponement will be released to the market following the court hearing, which is expected to be held next week.

AUSTAR Chief Executive Officer John Porter said: "AUSTAR remains committed to, and confident of, bringing the transaction with FOXTEL to a successful close."

If shareholders have questions in relation to the Transaction they may call the AUSTAR Shareholder Information Line 1300 706 158 (within Australia) or on +61 3 9946 4459 (outside Australia) Monday to Friday between 9:00am and 5:00pm (Sydney time) or contact their legal, financial, taxation or other professional adviser. Information is also available through AUSTAR's website, www.austarunited.com.au.

AUSTAR Contact:

Deanne Weir

Group Director, Corporate Development m. 0402 865 300

e. dweir@austar.com.au

Catherine Douglas

Group Manager, Corporate Affairs m: 0477 100 978

e: cdouglas@austar.com.au

Austar United Communications (AUSTAR) www.austarunited.com.au

AUSTAR (Australian Stock Exchange "AUN") is a leading provider of subscription television services in regional and rural Australia, with more than 760,000 customers enjoying satellite digital television services. AUSTAR is also a significant provider of programming in the Australian television market through its 50% owned joint venture, XYZnetworks, which owns and/or distributes Nickelodeon, Nick Jr, Discovery Channel, Channel [V], [V]Hits, MAX, Arena, The Lifestyle Channel, Lifestyle Food, LifeStyle You, Country Music Channel and The Weather Channel. Liberty Global, Inc., the largest international broadband cable operator in terms of subscribers, holds an indirect controlling stake in AUSTAR.

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AUSTAR PROVIDES UPDATE ON PROPOSED FOXTEL TRANSACTION