Half Year Report December 2001 13 February 2002. Half Year Subscribers Half Year Subscribers.

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Half Year Report December February 2002

Half Year Subscribers Half Year Subscribers

Moving Annual Subscribers Churn Moving Annual Subscribers Churn

Subscriber Churn

Total Revenue Total Revenue CAGR 21%

Average Revenue per Unit (ARPU) Average Revenue per Unit (ARPU)

EBITDA EBITDA CAGR 23%

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

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

Trends

Capital Expenditure

Net Profit/(Loss) Net Profit/(Loss) -$13.2 -$ $42.2

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%

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