Thursday, 16 August 2018

Announcement

SHINTR: SKT: SPH Notice - Kiltearn Partners LLP

21 Dec 2017 08:30NZX
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both

Sections 277 and 278, Financial Markets Conduct Act 2013

To New Zealand Stock Exchange
and
To SKY Network Television

Relevant event being disclosed: Disclosure of movement of 1% or more in
substantial holding due to acquisition of shares.

Date of relevant events: December 20, 2017

Date this disclosure made: December 20, 2017

Date last disclosure made: December 18, 2017

Substantial product holder(s) giving disclosure

Full name(s): Kiltearn Partners LLP

The Kiltearn Global Equity Fund

Summary of substantial holding
Class of quoted voting products: Ordinary Shares

Summary for Kiltearn Partners LLP: we act as an investment manager for a
number of commingled funds and separate accounts (our "Clients"). In acting
for our Clients, we are given full discretion over their investments, and are
empowered to vote on their behalf.

However, Kiltearn does not act as their Custodian, and therefore shares are
not held in our name, but in the nominee name of their Custodian Bank.

Summary for The Kiltearn Global Equity Fund: As noted in the paragraph above,
Kiltearn Partners LLP act as Investment manager for a number of commingled
funds, of which, The
Kiltearn Global Equity Fund is one.

For this disclosure (Kiltearn Partners LLP),--
(a) total number held in class: 51,623,954
(b) total in class: 389,139,785
(c) total percentage held in class: 13.27%

For last disclosure (Kiltearn Partners LLP),--
(a) total number held in class: 50,541,996
(b) total in class: 389,139,785
(c) total percentage held in class: 12.99%

For this disclosure (The Kiltearn Global Equity Fund),--
(a) total number held in class: 32,447,892
(b) total in class: 389,139,785
(c) total percentage held in class: 8.34%

For last disclosure (The Kiltearn Global Equity Fund),--
(a) total number held in class: 31,755,651
(b) total in class: 389,139,785
(c) total percentage held in class: 8.16%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure: Acquisition
of shares.

Details after relevant event
Details for Kiltearn Partners LLP

Nature of relevant interest(s): We act as an investment manager for a number
of commingled funds and separate accounts (our "Clients"). In acting for our
Clients, we are given full discretion over their investments, and are
empowered to vote on their behalf.

However, Kiltearn does not act as their Custodian, and therefore shares are
not held in our name, but in the nominee name of their Custodian Bank.

As noted in the paragraph above, Kiltearn Partners LLP act as Investment
manager for a number of commingled funds, of which, The Kiltearn Global
Equity Fund is one.

For that relevant interest,--
(a) number held in class: 51,623,954
(b) percentage held in class: 13.27%
(c) current registered holder(s): Various, of which The Kiltearn Global
Equity Fund hold
32,447,892 shares or 8.34% of total percentage held in that share class.
(d) registered holder(s) once transfers are registered: N/A

For a derivative relevant interest, also--
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the
nature of the relevant interest in the derivative: N/A

Additional information

Address(es) of substantial product holder(s): Exchange Place 3, 3 Semple
Street, EH3 8BL,
Edinburgh, Scotland, U.K.

Contact details: Robert McGinty. Phone: +44 0131 460 1039 and email:
rmcginty@kiltearnpartners.com

Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Financial Markets Conduct Act 2013 in
relation to the financial
products to which this disclosure relates: N/A

Certification

I, Robert McGinty, certify 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:00312255 For:SKT    Type:SHINTR     Time:2017-12-21 08:30:24
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