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Media reports regarding Stuff

M&A19 November 2019NZMCommunication Services

MARKET ANNOUNCEMENT

19 November 2019


Media reports regarding possible transaction to acquire

Stuff


AUCKLAND, 19 November 2019: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) is

aware of media reports today in relation to a potential transaction involving the

acquisition of Stuff. NZME confirms that it is in discussions with Stuff’s owners Nine and

has put a proposal to the Government regarding a possible transaction. However, NZME

notes that these discussions are preliminary and stresses that no decision has been

made in relation to any potential transaction. There can be no certainty at this stage that

these discussions will result in any transaction.

NZME remains in compliance with its continuous disclosure obligations and will provide

further information to the market as required.


ENDS


For further information:


Julia Belk

Investor Relations Manager

NZME

T: +64 21 2408997

Email: julia.belk@nzme.co.nz

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