Declaration of an Interim Dividend

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

31 January 2017

Market Information Services Section
NZX Limited
PO Box 2959
Wellington

Company Announcements Office
ASX Limited
Level 4, 20 Bridge Street
Sydney, NSW
Australia

Declaration of an Interim Dividend
SKY Network Television Limited (SKY) advises that it will pay a fully imputed interim dividend
of 15.0 cents per share to shareholders on its register on 15 February 2017 (Record Date), with
payments to be sent to shareholders on 22 February 2017.
This dividend is being declared before release of SKY’s interim results for the six months ended
31 December 2016 to enable payment of a dividend prior to the proposed merger with Vodafone
New Zealand Limited (Vodafone NZ), completion of which remains subject to satisfaction of
certain conditions.
The Board notes that under the terms of the sale and purchase agreement relating to the
merger with Vodafone NZ (SPA), SKY would, in the absence of an amendment, only have been
entitled at this time to pay a dividend of up to 10.0 cents per share to shareholders. Accordingly,
SKY and Vodafone have agreed an amendment to the terms of the SPA to allow the 15.0 cent
dividend to be paid. As part of that amendment agreement, if the merger with Vodafone NZ
proceeds, the cash portion of the purchase price payable by SKY for Vodafone NZ will increase
to reflect the 5.0 cents per share increase in the dividend that will be paid to SKY's existing
shareholders before the merger.



Ends

For further information please contact:

Jason Hollingworth
Chief Financial Officer
SKY Network Television Limited
(09) 579 999 mob: 021 312 928
jhollingworth@skytv.co.nz

APPENDIX 7 - NZX CONDUCT RULES
Number of pages including this one
(Please provide any other relevant
New Zealand Stock Exchange Listing Rule 7.12.2. For rights, Listing Rules 7.10.9 and 7.10.10. details on additional pages)
For change to allotment, Listing Rule 7.12.1, a separate advice is required.
Full name
of Issuer
Name of officer authorised to
Authority for event,
make this notice
e.g. Directors' resolution
Contact phone
Contact fax
numbernumberDate
Nature of event
BonusIf ticked,Rights Issue
Tick as appropriateIssuestate whether:Taxable/ Non TaxableConversionInterestRenouncable
Rights IssueCapital
If ticked, stateFull
non-renouncable
changeCallDividend
x
whether:
Interim
x
YearSpecial
EXISTING securities affected by this
If more than one security is affected by the event, use a separate form.
Description of theISIN
class of securities
If unknown, contact NZX
Details of securities issued pursuant to this eventIf more than one class of security is to be issued, use a separate form for each class.
Description of theISIN
class of securities
If unknown, contact NZX
Number of Securities toMinimum
Ratio, e.g
be issued following eventEntitlement
1 for 2 for
Conversion, Maturity, Call
Treatment of Fractions
Payable or Exercise Date
Tick if
provide an
pari passu
ORexplanation
Strike price per security for any issue in lieu or date
of the
Strike Price available.
ranking
Monies Associated with Event
Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money.
Source of
Payment
Amount per security
Supplementary
Amount per security
Currencydividendin dollars and cents
details -
Listing Rule 7.12.7
Total monies
TaxationAmount per Security in Dollars and cents to six decimal places
In the case of a taxable bonusResident
Credits
issue state strike priceWithholding Tax(Give details)
Timing
(Refer Appendix 8 in the Listing Rules)
Record Date 5pmApplication Date
For calculation of entitlements -Also, Call Payable, Dividend /
must be the last business day ofInterest Payable, Exercise Date,
a weekConversion Date. In the case
of applications this must be the
last business day of the week.
Notice DateAllotment Date
Entitlement letters, call notices,For the issue of new securities.
conversion notices mailedMust be within 5 business days
of record date.
OFFICE USE ONLY
Ex Date:
Commence Quoting Rights:Security Code:
Cease Quoting Rights 5pm:
Commence Quoting New Securities:Security Code:
Cease Quoting Old Security 5pm:
Date Payable
Enter N/A if not
applicable
22 February, 2017
$0.15
NZD$0.026471
Retained earnings
$58,370,968
In dollars and cents
$0.0104167$0.058333
15 February, 2017
$
22 February, 2017
TO FAX ++64-4-473-1470
JASON HOLLINGWORTH
SKY NETWORK TELEVISION LIMITED
NZSKTE0001S6
Notice of event affecting securities
09 579 999909 525 8324
Directors' Resolution
01201726