MRN TARGET'S STATEMENT: OFF-MARKET TAKEOVER OFFER BY NINE ENTERTAINMENT CO. HOLDINGS LIMITED Sydney, Friday 13 September 2019: Macquarie Media Limited (ASX: MRN) (MML) refers to the announcement by Nine Entertainment Co. Holdings Limited (ASX:NEC) (Nine) on 12 August 2019 regarding a conditional off-market takeover offer for all of the ordinary shares of MML (Offer). MML confirms that its Target's Statement in relation to the Offer and accompanying Independent Expert's Report (Target's Statement) was issued today. A copy of the Target’s Statement is enclosed. Despatch of the Target's Statement to shareholders also occurred today and copies will also be provided to Nine and lodged with the Australian Securities & Investments Commission today. For further information contact: Lisa Young Company Secretary Macquarie Media Limited Email:
[email protected] - ENDS- MACQUARIE MEDIA LIMITED ABN 32 063 906 927 Target's Statement in response to the offer by Fairfax Media Limited (an indirect wholly-owned subsidiary of Nine Entertainment Co. Holdings Limited) to acquire all of your MRN Shares The Independent Directors of MRN unanimously recommend that, in the absence of a superior proposal and subject to the independent expert continuing to opine that the Offer is reasonable, you ACCEPT the Offer to purchase all of your MRN Shares for $1.46 cash per MRN Share. The Independent Expert has concluded that the Offer is fair and reasonable to MRN Shareholders. This is an important document and requires your immediate attention. If you are in doubt as to how to deal with this document, you should consult your financial or other professional adviser immediately.