Southern Cross acquisition of Seven West Media now effective

The scheme of arrangement for Southern Cross Media Group Limited to acquire Seven West Media Limited is now legally effective following approval by the Supreme Court of New South Wales on December 23, 2025. Seven West Media lodged the Court orders with the Australian Securities and Investments Commission, formalizing the acquisition process.

As a result, Seven West Media shares are expected to be suspended from quotation on the ASX at the close of trading on Wednesday, December 24, 2025. On the implementation date, expected to be January 7, 2026, Seven West Media shareholders will receive 0.1552 Southern Cross shares for each SWM share held as of December 30, 2025, at 7:00 PM Sydney time.