Sky addresses media speculation

Sky New Zealand
PO Box 9059
Newmarket
Auckland 1149
New Zealand

10 Panorama Road
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Auckland 1060
New Zealand

T. +64 9 579 9999

sky.co.nz




7 June 2022

Sky addresses media speculation
Sky Network Television Limited (NZX/ASX: SKT or Sky) wishes to address recent speculation in the
Australian Financial Review and other media sources in relation to Sky’s possible acquisition of
MediaWorks Holdings Limited (Mediaworks).
Sky advises that:
- it is currently in exclusive negotiations with Mediaworks shareholders regarding a potential
acquisition of MediaWorks’ radio and out of home advertising business;

- the likelihood of a transaction proceeding is still highly uncertain with discussions and due
diligence ongoing and incomplete; and

- under the current proposed transaction structure if an acquisition of Mediaworks proceeds, it
would not require Sky to raise new equity but would require approval of an ordinary resolution
by shareholders at an Extraordinary Shareholder Meeting.
Sky indicated at the time of announcing its interim results on 24 February 2022 that it is assessing
opportunities to invest capital to accelerate the growth of the business, generate new revenue
streams, and deliver improved returns for shareholders.
Sky management and Board see the possible acquisition of MediaWorks as consistent with this
strategy.
We confirm Sky Network Television Limited is in compliance with its continuous disclosure obligations
under both the NZX Listing Rules and the ASX Listing Rules.

ENDS
Authorised by James Bishop, Company Secretary

Investor queries to: Media queries to:
James Bishop Chris Major
Company Secretary Chief Corporate Affairs Officer
+64 21 630 635 +64 29 917 6127
james.bishop@sky.co.nz chris.major@sky.co.nz