EMTN Accession of Guarantor (2007 Notes)

IMPORTANT NOTICE TO NOTEHOLDERS

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY.

£300,000,000 6.00 per cent. guaranteed notes due 2027 (ISIN: XS0301676861) (the "Notes")

issued by Sky plc (formerly known as British Sky Broadcasting Group plc) and guaranteed by, amongst others, Sky Group Finance plc (formerly known as BSkyB Finance UK plc) under the £1,000,000,000 Guaranteed Euro Medium Term Note Programme, as updated from time to time (and currently the £5,000,000,000 Global Medium Term Note Programme) (the "Programme")

This notice is delivered to you in respect of the Notes constituted by the Trust Deed dated 2 April 2007, as amended, supplemented and/or restated from time to time (the "Trust Deed") and made between, amongst others, Sky Group Finance plc (formerly known as BSkyB Finance UK plc) ("Sky Finance") and Sky plc (formerly known as British Sky Broadcasting Group plc) ("Sky") as issuers, Sky Finance, Sky, Sky UK Limited (formerly known as British Sky Broadcasting Limited) ("Sky UK") and Sky Subscribers Services Limited (together, the "Initial Guarantors") and BNY Mellon Corporate Trustee Services Limited (the "Trustee"). Sky Telecommunications Services Limited ("STSL") and Sky In-Home Service Limited ("SHS", and together with the Initial Guarantors and STSL, the "Original Guarantors") have previously acceded to the Trust Deed and the Notes as additional guarantors. All words and expressions defined in the Trust Deed shall (save as otherwise provided herein or unless the context otherwise requires) have the same meanings herein.

In accordance with the provisions of the Trust Deed, SHS has been fully and unconditionally released from all obligations under its guarantees of Indebtedness for money borrowed in excess of £50,000,000 and, accordingly, SHS is deemed to be released from all obligations under its guarantee of the outstanding Notes (the "Release").

In addition, as a result of Sky CP Limited ("Sky CP") guaranteeing other Indebtedness for money borrowed in excess of £50,000,000, Sky has procured, in accordance with the provisions of the Trust Deed, the accession of Sky CP as a guarantor in respect of the Notes (the "Accession").

To record the Release and effect the Accession, the relevant parties have entered into a third supplemental trust deed (the "Third Supplemental Trust Deed") dated 5 December 2016 to the Trust Deed and entered into a third supplemental agency agreement (the "Third Supplemental Agency Agreement") dated 5 December 2016 to the Agency Agreement dated 2 April 2007 (as amended, supplemented and/or restated from time to time) originally entered into between, amongst others, Sky, Sky Finance, the Trustee and The Bank of New York Mellon, acting through its London branch.

Copies of the Third Supplemental Trust Deed and the Third Supplemental Agency Agreement are available for inspection at the office of Sky and each of the Paying Agents.Dated: 6 December 2016