Conversion of V-Nova debt

Conversion of V-Nova debt

Sky plc ("the Company")

In accordance with Listing Rule 10.4.1, the Company advises that in 2015, Sky's wholly-owned subsidiary, Sky Italia S.r.l, provided £4.5m of financing to V-Nova, a London-based company developing video compression technologies. Under the terms of the agreement, the outstanding debt has now been converted into a minority equity stake in V-Nova.

Notes to editors

1. References to V-Nova are to V-Nova International Limited

2. Gross assets subject to the transaction were £4.5m

3. Profits attributable to the assets subject to the transaction were £nil

ENDS

Analyst/ Investor Enquiries

Sky

Andrew Gillian

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Media Enquiries

Sky

Harrison Kelly

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