• Supreme Court orders SWM to convene a meeting of shareholders to vote on the proposed scheme of arrangement
• Scheme Booklet registered with ASIC and available on SWM's website
• SWM Board unanimously recommends shareholders vote in favour of the scheme

Seven West Media Limited (SWM) has provided an update on the proposed acquisition of SWM by Southern Cross Media Group Limited (SXL) by way of a 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 (Scheme Meeting), and has approved 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 and will be available on SWM's website. The Scheme Booklet provides SWM shareholders with important information about the Scheme, and shareholders are advised to carefully read the Scheme Booklet, including the Independent Expert's Report, before deciding how to vote. 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 (SGH), which holds a 40.2% stake in SWM, has indicated that it intends to vote in favour of the Scheme, subject to the same qualifications. The Independent Expert has concluded that the Scheme is in the best interests of SWM shareholders, in the absence of a superior proposal. The Scheme Meeting will be held on 22 December 2025, and all SWM shareholders are encouraged to vote either by completing and returning the proxy form or by attending the Scheme Meeting in person or by proxy, attorney or corporate representative.