Ann: SSH: SKT: SSH Notice - (Paul Robertshawe)

• Release Date: 11/03/13 15:52
• Summary: SSH: SKT: SSH Notice - (Paul Robertshawe)
• Price Sensitive: No
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SKT
11/03/2013 13:52
SSH

REL: 1352 HRS Sky Network Television Limited

SSH: SKT: SSH Notice - (Paul Robertshawe)

Disclosure of ceasing to have substantial holding
Section 25, Securities Markets Act 1988

To: NZX Limited
And: Sky Network Television Limited
Date this disclosure made: 11 March 2013
Date last disclosure made:  7 March 2013

Substantial security holder(s) giving disclosure

Name(s):  Paul Robertshawe
Contact details: Claire Boffey        +64 4 816 6062
[email protected]
Date on which substantial security holder(s) ceased to have substantial
holding: 7 March 2013

Summary of previous substantial holding to which disclosure relates

Class of listed voting securities:  Ordinary Shares
Summary for: Paul Robertshawe

For last disclosure,--

(a) Total number held in class: 19,803,787
(b) Total in class: 389,139,785
(c) Total percentage held in class: 5.089%

For current holdings after ceasing to have substantial holding:

(a) Total number held in class: 19,303,787
(b) Total in class: 389,139,785
(c) Total percentage held in class: 4.961%

Details of transactions and events giving rise to person ceasing to have
substantial holding

Details of the transactions or other events requiring disclosure under the
instructions to this form:
Sale of 200,000 ordinary shares by ACC for net consideration of NZ
$1,047,348.50 on 7th March 2013, and the aggregation of interests in
securities held by Paul Robertshawe and ACC

Details of relevant interests in substantial holding after relevant event
Details for: Paul Robertshawe
Nature of relevant interest(s):
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act
No relevant agreement document needs to be attached under regulation 11.

For that relevant interest,--

(a) Number held in class: 10,000
(b) Percentage held in class: 0.003%
(c) Current registered holder(s) of securities: held by Paul Robertshawe
either directly or indirectly
(d) Registered holder(s) of securities once transfers registered: unknown

Details for: Accident Compensation Corporation ("ACC")
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or
disposal of some or all of the securities, of which the ACC is the beneficial
owner under s 5(1)(c)and 5 (1)(d) of the Securities Markets Act. Further to
regulation 11(2)(b), the material terms of this arrangement are that powers
are subject to ACC investment policies and the decisions of the ACC
Investment Committee.

For that relevant interest,

(a) Number held in class: 19,293,787
(b) Percentage held in class: 4.958%
(c) Current registered holder(s) of securities: held by ACC via New
Zealand Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown

Additional information

Paul Robertshawe is an employee and portfolio manager for ACC. Under current
ACC investment policies, he has the discretion to exercise control over some
or all the rights to vote and acquisition or disposal of some or all of the
securities of which ACC is the beneficial owner
Address(es) of substantial security holder(s): ACC : Vogel Centre, 19 Aitken
Street, PO Box 242, Wellington 6140.
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: n/a

Declaration

I, Paul Robertshawe, declare 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.
End CA:00234010 For:SKT    Type:SSH        Time:2013-03-11 13:52:18