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Sky Television Proposed Capital Notes Issue


Media Release
Thursday 23 August 2001

Announcement To The New Zealand Stock Exchange


Proposed Capital Notes Issue

SKY Network Television Limited


SKY Network Television Limited (“SKY”) is pleased to announce its intention to undertake a capital notes issue to New Zealand investors. It is envisaged that the issue will raise a minimum of $100 million and will be underwritten.

The Chairman of SKY, Tom Mockridge, said “The capital note issue will provide SKY with useful additional sources of capital to assist with funding the ongoing growth of the business.”

JBWere (NZ) Limited has been appointed lead manager and underwriter to the issue.

Further details of the terms of the issue will be announced in early September closer to the date of the issue.


ENDS

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