Confidentiality Agreement

----------------------------------------------------------------------------------------------

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For immediate release 15 March 2018

Sky plc (the "Company" or "Sky")

Confidentiality agreement

As required under Rule 26 of the City Code on Takeovers and Mergers, the Company announces that it has entered into a confidentiality agreement dated 15 March 2018 (the "Agreement") with Twenty-First Century Fox, Inc. ("21CF") and The Walt Disney Company ("Disney"). The Agreement relates to the disclosure of information for the purpose of enabling 21CF and Disney to assess and, if necessary, obtain certain antitrust and other regulatory approvals needed in connection with the proposed acquisition of 21CF by Disney announced on 14 December 2017, including the proposed indirect acquisition of 21CF's interest in the Company.

A copy of the Agreement and this announcement will be available on the Company's website at www.skygroup.sky/corporate/investors/21st-century-fox-offer by no later than 12 noon (London time) on 16 March 2018.

Incorporation of website

Neither the contents of Sky's website nor the contents of any website accessible from hyperlinks on Sky's website are incorporated into or form part of this announcement.

Additional Information

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law. Persons who are not resident in the United Kingdom or who are subject to the laws of other jurisdictions should inform themselves of, and observe, any applicable requirements. Any failure to comply with applicable requirements may constitute a violation of the securities law of any such jurisdiction.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.