SPH Notice – Allan Gray Australia Pty Ltd

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To Sky Network Television Limited
Date this disclosure made: 10 July 2019
Date last disclosure made: 3 July 2019
Date on which substantial holding ceased: 9 July 2019
Substantial product holder(s) giving disclosure
Full name(s): Allan Gray Australia Pty Ltd (Allan Gray Australia) and its related bodies corporate as set out in
Table 1 of Annexure A (together Allan Gray Group), as investment manager for the funds or investment
mandates listed at Table 2 of Annexure A.
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Allan Gray Group
For last disclosure,—
(a) total number held in class: 23,706,947
(b) total in class: 389,139,785
(c) total percentage held in class: 6.092%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 17,646,970
(b) total in class: 389,139,785
(c) total percentage held in class: 4.535%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: On market acquisitions and disposals of shares
in NZME Limited by Allan Gray Group between 3
rd
July and 9
th
July, as set out in Annexure B.
Additional information
Address of substantial product holders: C/- Allan Gray Australia, Level 2, Challis House. 4 Martin Place
Sydney, New South Wales 2000, Australia
Contact details: Elizabeth Lee, telephone: +61 2 8224 8632, email: elizabeth.lee@allangray.com.au
Nature of connection between substantial product holders: As investment manager for the funds or
investment mandates listed at Table 2 of Annexure A.
Name of any other person believed to have given, or believed to be required to give, a disclosure under the
Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not
applicable.

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Certification
I, Elizabeth Lee, Company Secretary, Allan Gray Australia, certify that, to the best of my knowledge and
belief, the information contained in this disclosure is correct and that I am duly authorised to make this
disclosure by all persons for whom it is made.

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SKY NETWORK TELEVISION LIMITED
THIS IS ANNEXURE A OF 2 PAGES REFERRED TO IN THE ABOVE FORM
Print name Elizabeth Lee Company Secretary
Sign here

Date: 10 July 2019

Table 1 – Related bodies corporate
The following entities are associates of Allan Gray Australia Pty Ltd (AGA) and each other by virtue of being related bodies corporate.

Orbis Allan Gray Limited Orbis Mansfield Street Properties Ltd
Orbis Holdings Limited Orbis Investment Management (BVI) Limited (OIMLBVI)
Orbis Investment Management Limited (OIML) Orbis Investment Advisory Pty Limited
Orbis Asset Management Limited (OAML) Allan Gray (Holdings) Pty Ltd
Orbis Administration Limited Orbis Investment Management (Hong Kong) Limited
Orbis Investment Research Limited Orbis Client Services (Canada) Limited
Orbis Investment Management (MIS) Limited Orbis Holdings (UK) Limited
Triple Blue Holdings Limited Orbis Investment Management (Europe) LLP
Pictet Overseas Trust Corporation and Pictet Trustee Company SA Orbis Investment Management (Luxembourg) S.A
Allan & Gill Gray Foundation (Guernsey) EmCap Limited (Guernsey)

Table 2 - Funds
An entity within the Group acts as investment manager for some or all of the assets in the following funds.

No Fund name Manager Code Registered holder Persons entitled to be registered holder
1.
Allan Gray Australia Equity Fund AGA SMEF
Citibank N.A., Sydney Branch as
SMEF’s custodian
Equity Trustees Limited as SMEF’s responsible entity
2.
Allan Gray Australia Balanced Fund AGA SMBF
Citibank N.A., Hong Kong Branch
as SMBF’s custodian
Equity Trustees Limited as SMBF’s responsible entity
3.
Allan Gray Australia Stable Fund AGA SMSF
Citibank N.A., Sydney Branch as
SMSF’s custodian
Equity Trustees Limited as SMSF’s responsible entity
4.
Warakirri Australian Equities Pensions
and Charities Fund
AGA SMWA
RBC Investor Services Trust as
SMWA’s custodian
Warakirri Asset Management Pty Ltd SMWA’s trustee
5.
Morningstar Australian Shares High
Alpha Fund
AGA SMIA
JP Morgan Nominees Australia Ltd
as SMIA’s custodian
Morningstar Investment Management Australia Limited
SMIA’s trustee
6.
Construction and Building Unions
Superannuation Fund
AGA SMCB
JP Morgan Nominees Australia Ltd
as SMCB’s custodian
United Super Pty Ltd as SMCB’s trustee
7.
HESTA Superannuation Fund AGA SMHT
JP Morgan Nominees Australia Ltd
as SMHT’s custodian
H.E.S.T. Australia Ltd as SMHT’s trustee
8.
Hostplus Pooled Superannuation Trust AGA SMHP
Citibank N.A., Sydney Branch as
SMHP’s custodian
Host Plus Pty ltd as SMHP’s trustee
9.
Russell Australian Opportunities Fund AGA SMRI
State Street Australia Ltd as
SMRI’s custodian
Russell Investment Management Ltd as SMRI’s
responsible entity
10.
MyLifeMyMoney Superannuation Fund AGA SMCS
NAB Custodial Services as
custodian for SMCS
CSF Pty Ltd as SMCS’s trustee
11.
Maritime Super AGA SMMS
NAB Custodial Services as
custodian for SMMS
Maritime Super Pty Ltd as SMMS’s trustee
12.
Non-Government Schools
Superannuation Fund
AGA SMNG
State Street Australia Ltd as
SMNG’s custodian
Non-Government Schools Superannuation Fund Pty Ltd
as SMNG’s trustee

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No Fund name Manager Code Registered holder Persons entitled to be registered holder
13.
REST Superannuation Fund AGA SMRT
State Street Australia Ltd as
SMRT’s custodian
Retail Employees Superannuation Pty Ltd as SMRT’s
trustee
14.
Government Employees
Superannuation Board
AGA SMGB
Northern Trust Corporation as
SMGB’s custodian
Government Employees Superannuation Board
15.
Statewide Superannuation Trust AGA SMSW
NAB Custodial Services as
custodian for SMSW
Statewide Superannuation Pty Ltd as SMSW’s trustee
16.
Legal Super AGA SMLS
BNP Paribas Fund Services
Australasia Pty Ltd as SMLS’s
custodian
Legal Super Pty Ltd as trustee of legalsuper
17.
Orbis Global Equity Fund (Australia
Registered)
OIML GAPL
Citibank N.A., Hong Kong Branch,
as GAPL’s custodian
Equity Trustees Limited as GAPL’s responsible entity
18.
Orbis Emerging Markets Equity Fund
(Australia Registered)
OIML EMAF
Citibank N.A., Hong Kong Branch,
as EMAF’s custodian
Equity Trustees Limited as EMAF’s responsible entity
19.
Orbis Global Equity LE Fund (Australia
Registered)
AGA GALE
Citibank N.A., Hong Kong Branch,
as GALE’s custodian
Equity Trustees Limited as GALE’s responsible entity
20.
Orbis Global Equity Fund Limited OIML OGEF
Citigroup Fund Services Canada,
Inc (Citi Canada) as OGEF’s
custodian
OGEF
21.
Orbis Optimal SA Fund Limited OIML OSAP Citi Canada as OSAP’s custodian OSAP
22.
Institutional Global Equity Fund OIML IGEF Citi Canada as IGEF’s custodian IGEF
23.
Orbis Optimal LP OIML OOLP Citi Canada as OOLP’s custodian OOLP
24.
Orbis International Equity LP OIML IELP Citi Canada as IELP’s custodian IELP
25.
Orbis Institutional Global Equity LP OIML OGLP Citi Canada as OGLP’s custodian OGLP
26.
Orbis Institutional International Equity
LP
OIML ONLP Citi Canada as ONLP’s custodian ONLP
27.
Orbis Institutional U.S. Equity LP OIML USLP Citi Canada as USLP’s custodian USLP
28.
Orbis Institutional Emerging Markets
Equity LP
OIML EMLP Citi Canada as EMLP’s custodian EMLP
29.
Orbis SICAV – Global Equity Fund OIML SGPL
Citibank International plc
(Luxembourg Branch) (Citi Lux) as
SGPL’s custodian
SGPL
30.
Orbis SICAV – Asia- Ex Japan Fund OIML XJPL Citi Lux as XJPL’s custodian XJPL
31.
Orbis SICAV – Global Balanced Fund OIML GBSA Citi Lux as GBSA’s custodian GBSA
32.
Orbis SICAV – International Equity OIML SNPL Citi Lux as SNPL’s custodian SNPL
33.
Orbis OEIC Global Equity Fund OIML UKGE Citi Lux as UKGE’s custodian UKGE
34.
Orbis Institutional Global Equity (OFO) OIML OGEO Citi Canada as OGEO’s custodian OGEO

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No Fund name Manager Code Registered holder Persons entitled to be registered holder
35.
OEIC Global Cautious Fund OIML OCS4 Citi Lux as OCS4’s custodian OCS4
36.
Orbis SICAV Global Cautious Fund OIML OCSU Citi Lux as OCSU’s custodian OCSU


ANNEXURE B OF 2 PAGES REFERRED TO IN THE ABOVE FORM
Sky Network Television Limited
Trades giving rise to a change in relevant interest
Trade Date
Reference
Code
Action No of security Consideration
03 Jul 19 to 09 Jul 19 SMCB Sell -926,584 -$ 1,022,113
08 Jul 19 to 09 Jul 19 SMCS Sell -426,915 -$ 470,809
03 Jul 19 to 09 Jul 19 SMEF Sell -1,749,378 -$ 1,929,785
03 Jul 19 to 09 Jul 19 SMGB Sell -326,748 -$ 360,507
03 Jul 19 to 09 Jul 19 SMHP Sell -578,007 -$ 637,615
03 Jul 19 to 09 Jul 19 SMHT Sell -360,839 -$ 398,100
03 Jul 19 to 09 Jul 19 SMIA Sell -53,897 -$ 59,635
03 Jul 19 to 09 Jul 19 SMLS Sell -107,890 -$ 119,363
03 Jul 19 to 09 Jul 19 SMMS Sell -100,490 -$ 110,990
03 Jul 19 to 09 Jul 19 SMRI Sell -72,713 -$ 80,427
03 Jul 19 to 09 Jul 19 SMRT Sell -947,819 -$ 1,045,545
03 Jul 19 to 09 Jul 19 SMSF Sell -335,325 -$ 370,062
03 Jul 19 to 09 Jul 19 SMSW Sell -68,598 -$ 75,828
03 Jul 19 SMWA Sell -4,774 -$ 5,359
Total -6,059,977 -$ 6,686,139
All trades occur on market, under a dividend reinvestment plan, or pursuant to a capital raising (as applicable).