Group Directors' Share Trading Policy

This policy refers to all Seven Network Group Directors’, who through their position acquire knowledge on confidential issues and price-sensitive information, and applies to all Directors’ and Company Secretaries’ of Seven Network Limited and its subsidiaries.

Seven Network Group Directors’ are required to comply with the restrictions contained in the Corporations Act 2001 regarding the prohibition on insider trading where price-sensitive information is present, and also the takeover provisions which restrict dealings in Seven Network ordinary shares by Group Directors’ when their combined shareholding interest exceeds 20%. The Seven Network Shares referred to in this policy are:

• Seven Network ordinary shares;
• TELYS3 shares;
• options or other financial products issued over these classes of Seven Network Shares by third parties, or associated products;
• other financial products that operate to limit the economic risk of holding Seven Network Shares.

All Directors’ and Secretaries’ of companies within the Seven Network Group must have written permission to purchase any ordinary shares in the Seven Network to ensure that the Corporations Act 2001 is not inadvertently breached.

Seven Network Group Directors’ and Company Secretaries may only deal in Seven Network Shares as follows:

1. If the dealing is not prohibited by the Corporations Act; and
2. During the following “window” periods:
   
   (i) in the period between 24hrs and 30 working days after the release of Seven Network’s Half Yearly Results announcement to the Australian Stock Exchange (“ASX”);
   
   (ii) in the period between 24hrs and 30 working days after the release of the Seven Network’s Annual Results announcements to the ASX;
   
   (iii) in the period between 24hrs and 30 working days after the close of the Seven Network’s Annual General Meeting; and

Dealing in Seven Network shares can only occur outside the above window periods if prior written approval is obtained. Approval will only be given if the approver is satisfied there is no price sensitive information which is not generally available to the market/public.

This policy applies to dealings by any associates of the Directors’ and Company Secretary.