Sky to acquire Discovery NZ

22 July 2025 Sky to acquire Discovery NZ Sky today announces it has agreed to acquire 100% of the shares in Discovery NZ Limited from Discovery Networks Asia-Pacific Pte Ltd (a subsidiary of Warner Bros. Discovery, Inc.) for $1 on a cash-free, debt-free basis. Completion of the sale is expected to take place on 1 August 2025. Please refer to the attached announcement and presentation for further details. End Authorised by: Kirstin Jones, Company Secretary Investor queries to: Amanda West Head of Investor Relations Amanda.West@sky.co.nz Media queries to: Maree Wilson Corporate Communications Maree.wilson@sky.co.nz