News: FXJ Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln, page-3

Timetable and next steps

Fairfax shareholders do not need to take any action in relation to the Proposed Transaction at this stage.

A Scheme Booklet containing information in relation to the Proposed Transaction, reasons for the Fairfax
Directors’ recommendation, an Independent Expert’s Report and details of the Scheme will be sent to
shareholders in the coming weeks.


It is anticipated that the Proposed Transaction will complete before the end of this calendar year.
Nine is being advised by Jefferies as financial adviser, and Ashurst as legal counsel.

Fairfax is being advised by Macquarie Capital as financial adviser, and King & Wood Mallesons as legal
counsel.