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Acting CEO For TVNZ Will Be Appointed Soon

Acting CEO For TVNZ Will Be Appointed Soon

Monday, 31 October 2005,

The Chairman and Chief Executive Officer of TVNZ met this morning to discuss the way ahead for TVNZ.

It has been decided that an acting Chief Executive Officer will be appointed this week

Mr Fraser will be available to provide advice and assistance to the Acting Chief Executive Officer through the transition period until a new CEO is formally appointed.

In the interests of the company we have agreed that there will be no further comment on this matter.

ENDS

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