Media reports regarding Stuff

MARKET ANNOUNCEMENT 19 November 2019 Media reports regarding possible transaction to acquire Stuff AUCKLAND, 19 November 2019: NZME Limited (NZX: NZM, ASX: NZM) ("NZME") is aware of media reports today in relation to a potential transaction involving the acquisition of Stuff. NZME confirms that it is in discussions with Stuff's owners Nine and has put a proposal to the Government regarding a possible transaction. However, NZME notes that these discussions are preliminary and stresses that no decision has been made in relation to any potential transaction. There can be no certainty at this stage that these discussions will result in any transaction. NZME remains in compliance with its continuous disclosure obligations and will provide further information to the market as required. ENDS For further information: Julia Belk Investor Relations Manager NZME T: +64 21 2408997 Email: julia.belk@nzme.co.nz End CA:00344538 For:NZM Type:GENERAL Time:2019-11-19 14:03:04