resolution to acquire 50% in hoyts passed, page-2

decrease in foreign shareholding 1
SYDNEY: Publishing and Broadcasting Limited (ASX: PBL)
In accordance with Listing Rule 3.19.3, Publishing and Broadcasting Limited (PBL)
advises as follows:
1. Based on PBL’s enquiries, PBL understands that 19.44% (ie less than 20%) of its
ordinary shares are held by foreign persons, as defined in the Broadcasting
Services Act 1992 (BSA). This is a decrease of 0.72% since PBL’s prior
announcement on 8 February 2005, when the foreign shareholding was understood
to be 20.16%.
2. As foreshadowed in the announcement on 8 February 2005, PBL notified the
Australian Broadcasting Authority (ABA) of the then level of foreign shareholding,
and continues to keep the ABA informed on the level of foreign shareholding.
3. PBL notifies all brokers, foreign shareholders and nominees who hold or acquire
PBL shares on behalf of foreign investors that it may be required to order divestiture
of shares held by or on behalf of foreign investors, in accordance with the
procedures specified in its constitution, if the level of foreign shareholding exceeds
20%.
PBL will continue to monitor its foreign shareholdings and will advise the market of changes
to those holdings as required by the ASX Listing Rules.
ENDS
COPIES OF RELEASES
Copies of previous media and ASX announcements issued by PBL are available on the
company website at www.pbl.com.au. After accessing the site click on “Investor Info” at the
top of the home page and then on Media Releases.