1. Half Year Report December 2001 13 February 2002

2. Half Year Subscribers Half Year Subscribers

3. Moving Annual Subscribers Churn Moving Annual Subscribers Churn

4. Subscriber Churn

5. Total Revenue Total Revenue CAGR 21%

6. Average Revenue per Unit (ARPU) Average Revenue per Unit (ARPU)

7. EBITDA EBITDA CAGR 23%

8. Source: Reuters Monthly Closes NZ$/US$ (Dec'84-Dec'01) Monthly Closes NZ$/US$ (Dec'84-Dec'01)

9. Programming Costs as a percentage of revenue & NZD/USD High/Lows

10. Trends

11. Capital Expenditure

12. Net Profit/(Loss) Net Profit/(Loss) -$13.2 -$19.6 - $42.2

13. Pay Television Penetration Australia21% Australia21% France 32% France 32% New Zealand34% New Zealand34% United Kingdom41% United Kingdom41% Finland45% Finland45% Germany 70% Germany 70% United States81% United States81% Switzerland83% Switzerland83% BeNeLux95% BeNeLux95%

16. LudiTV the best game catalogue