• Supreme Court of New South Wales has made orders for SWM to convene a meeting of SWM shareholders to consider and vote on the proposed scheme of arrangement
• Scheme Booklet has been registered with the Australian Securities and Investments Commission
• SWM Board unanimously recommends that SWM shareholders vote in favour of the Scheme

Seven West Media Limited (SWM) provides the following update on the proposed acquisition of SWM by Southern Cross Media Group Limited (SXL) by way of scheme of arrangement (Scheme). The Supreme Court of New South Wales has made orders that SWM convene a meeting of SWM shareholders to consider and vote on the proposed scheme of arrangement (Scheme Meeting) and approving the dispatch to SWM shareholders of an explanatory statement providing information about the Scheme and the notice of Scheme Meeting (Scheme Booklet). SWM confirms that the Scheme Booklet has now been registered with the Australian Securities and Investments Commission. The Scheme Booklet provides SWM shareholders with important information about the Scheme, and shareholders are advised to carefully read the Scheme Booklet in its entirety, including the Independent Expert's Report, before deciding how to vote on the Scheme. The SWM Board unanimously recommends that SWM shareholders vote in favour of the Scheme at the Scheme Meeting, in the absence of a superior proposal and subject to the Independent Expert continuing to conclude that the Scheme is in the best interests of SWM shareholders. The Board of SGH Limited (ASX:SGH) has indicated that it intends to vote its 40.2% stake in SWM in favour of the Scheme, in the absence of a superior proposal and subject to the Independent Expert continuing to conclude that the Scheme is in the best interests of SWM Shareholders. The Independent Expert has concluded that the Scheme is in the best interests of SWM shareholders, in the absence of a superior proposal.