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Takeover offer for MediaWorks goes unconditional

-Press Release

Monday 11th June 2007

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HT Media Limited today declared its offer for all of the shares and options in CanWest MediaWorks NZ Limited unconditional.

This follows the receipt of CanWest MediaWorks Ireland Holdings' acceptance of the takeover offer in respect of its approximate 70% shareholding and receipt by HT Media of the approval of the Overseas Investment Office to purchase 100% of MediaWorks.

Now that the offer is unconditional, all acceptances will be paid within seven days of the acceptance being received by the registrar.

HT Media's offer opened on 8 June 2007 and closes at 5pm on 9 July 2007.

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