Merger Implementation Agreement

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NZX/ASX RELEASE

6 March 2018



Merger Implementation Agreement
AUCKLAND, 6 March 2018: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) advises that
the Merger Implementation Agreement between NZME, NZME Holdings Limited and Fairfax
Media Limited (“Fairfax”) in relation to the proposed merger of NZME and Fairfax’s Stuff
Limited (previously Fairfax New Zealand Limited) has terminated.
Given changes in the businesses since 6 September 2016, when the Merger Implementation
Agreement was entered into, new commercial terms will need to be agreed for the merger to
proceed.
The parties will continue with the Court of Appeal proceeding regarding the proposed merger
of the two businesses.
If the appeal is successful, the parties intend to negotiate a new agreement to realise the
significant benefits of merging the operations of Stuff Limited and NZME.

ENDS

For further information:
Paddy Walker
Investor Relations Manager
M: +64 21 486 003
Email: Paddy.Walker@nzme.co.nz


About NZME
NZME is a leading New Zealand media and entertainment business that reaches 3.2 million
kiwis
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. Whether reading, listening, or watching, our audience gets the content they want -
where and when they want it. NZME offers advertisers a unique opportunity to access its
growing audience via a fully integrated multi-platform presence. NZME is listed on the NZX
Main Board (code NZM) with a foreign exempt listing on the ASX (code NZM).
www.nzme.co.nz

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Nielsen CMI, December fused database: Q1 17 to Q4 17 (population 10 years +). Based on unduplicated weekly reach of
NZME newspapers, radio stations, and monthly domestic unique audience of NZME’s digital channels.