1. Annual General Meeting 14 November 2002

2. Subscriber Growth ‘00020012002 % Change UHF Residential 159.8136.3(15%) DBS Residential 264.2284.38% DBS Wholesale -75.4- Commercial 6.47.314% Total Subscribers 430.4503.217%

3. Full Year Subscribers Full Year Subscribers

4. Pay Television Penetration Australia22% Australia22% France 32% France 32% New Zealand36% New Zealand36% United Kingdom41% United Kingdom41% Finland45% Finland45% Germany 70% Germany 70% United States81% United States81% Switzerland83% Switzerland83% BeNeLux95% BeNeLux95%

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

7. Total Revenue Total Revenue CAGR 16%

8. Advertising Revenue Advertising Revenue CAGR 22%

10. Subscriber Churn

13. Programming Costs as a percentage of revenue

14. EBITDA EBITDA CAGR 16%

15. Results Summary $ million 20012002 % Change Revenue 300.4344.615% Operating Expenses 224.7236.45% EBITDA 75.7108.243% Depn & Amort 95.4113.018% EBIT (19.7)(4.8)(76%) Interest 21.326.725% Other 1.3(1.3)(200%) Net Loss after Tax (42.3)(30.2)(29%)

16. Free Cash Flow $ million 20012002 % Change Net Operating Cash Flow 43.977.075% Net Investing Cash Flows (140.7)(114.2)(19%) Free Cash Flow (96.8)(37.2)(62%)

17. Capital Expenditure (excluding Transponders)

18. Leveraged Ratios $ million Bank Loan $157.0 Capital Notes $111.1 TOTAL DEBT $268.1 Capitalised Value $1,3 bil. Debt to Cap. Value Ratio 20% Debt to EBITDA Ratio 2.5 times

19. Tax n Tax losses carried forward of $110m n Tax Asset not recognised n Approximately $58m of losses to be offset by INL n INL to repay cash to SKY when tax is due ie $58mx 33% = $19.1m

21. Annual Performance

22. Performance Over the Last 12 Months

24. SkyBet