21st Century Fox Receives Approval from the Australian Securities Exchange for Delisting from ASX

  21st Century Fox Receives Approval from the Australian Securities Exchange
  for Delisting from ASX

Business Wire

NEW YORK -- March 23, 2014

21st Century Fox (NASDAQ:FOX, FOXA; ASX:FOX, FOXLV) today announced that it
has formally requested and received approval from the Australian Securities
Exchange (ASX) for its removal from the official list of the ASX. This
approval by the ASX is not subject to any conditions.

The following table sets out the timeline for the delisting. Dates are noted
as of New York time unless marked with an asterisk (*) indicating Sydney,
Australia time.


Date                     Event
                           Effective date of suspension in trading of CHESS
                           Depositary Interests (CDIs) on the ASX (the
                           "Suspension Date").
Thursday May 1, 2014*   
                           Note: Trading in CDIs on the ASX is permitted up to
                           close of trading on the Suspension Date. CDI
                           holders will not be able to trade their CDIs on the
                           ASX after this date.
                           Effective date of removal of the Company from the
                           official list of the ASX (the "Delisting Date").

                           Note: Following the Delisting Date, the Company's
                           CDI program will end and there will no longer be
                           any CDIs on issue. However, CHESS Depositary
Thursday May 8, 2014*    Nominees Pty Ltd (CDN) will continue to hold Common
                           Stock on behalf of former CDI holders.

                           CDI holders’ existing right to convert CDIs into
                           the underlying Common Stock listed on the NASDAQ
                           Global Select Market (NASDAQ) continues until the
                           closing date of the Voluntary Share Sale Facility.
                           Opening date of the Voluntary Share Sale Facility
Friday May 9, 2014*      whereby each CDI holder can elect to have the
                           underlying shares of Common Stock sold on NASDAQ on
                           behalf of the CDI holder.
Wednesday July 9,        Closing date of the Voluntary Share Sale Facility.
2014*
                           Any remaining former CDI holders' beneficial
Wednesday July 16,       interests in shares of Company Common Stock will be
2014                       automatically converted into registered ownership
                           interests in the Company's Common Stock.


The Company has also made arrangements to allow eligible former CDI holders to
sell all or some of their Common Stock under a share sale facility operated by
the Company’s transfer agent, Computershare Trust Company, N.A., with the
option to receive sale proceeds in Australian dollars.

Following the removal of the Company's listing from the ASX, all of 21st
Century Fox's Class A and Class B Common Stock will be listed solely on
NASDAQ. As previously announced, there will be no changes to the Company's
operations, employees or business as a result of the delisting from ASX.

Further information regarding the ASX delisting is set out in the Company's
definitive proxy statement filed with the U.S. Securities and Exchange
Commission (SEC) on February 5, 2014 which is available at the SEC’s web site
at www.sec.gov and at http://investor.21cf.com/sec.cfm. The proxy statement
contains information (which CDI holders are encouraged to refer to) regarding
the reasons for the delisting, the consequences for the Company and its
security holders, and the arrangements in place for CDI holders to manage
their holdings.

About 21st Century Fox

21st Century Fox is the world's premier portfolio of cable, broadcast, film,
pay TV and satellite assets spanning six continents across the globe. Reaching
nearly 1.5 billion subscribers in more than 100 local languages every day,
21st Century Fox is home to a global portfolio of cable and broadcasting
networks and properties, including FOX, FX, FXX, FXM, FS1, Fox News Channel,
Fox Business Network, Fox Sports, Fox Sports Network, National Geographic
Channels, MundoFox, STAR, 28 local television stations in the U.S. and more
than 300 channels that comprise Fox International Channels; film studio
Twentieth Century Fox Film; and television production studios Twentieth
Century Fox Television and Shine Group. The Company also provides premium
content to millions of subscribers through its pay-television services in
Europe and Asia, including Sky Deutschland, Sky Italia and its equity
interests in BSkyB and Tata Sky. For more information about 21st Century Fox,
please visit www.21CF.com.

Cautionary Statement Concerning Forward-Looking Statements

This document contains certain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements are
based on assumptions and involve known and unknown risks, uncertainties, and
other factors, which may cause the actual results or performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements or information. Where, in any forward−looking
statements, we express an expectation or belief as to future results or
events, such expectation or belief is based on the current plans and
expectations of our management and expressed in good faith and believed to
have a reasonable basis, but there can be no assurance that the expectation or
belief will result or be achieved or accomplished. The "forward-looking
statements" included in this document are made only as of the date of this
document and we do not have any obligation to publicly update any
"forward-looking statements" to reflect subsequent events or circumstances,
except as required by law or regulation.

Contact:

Press:
21st Century Fox
LA: Dan Berger, 310-369-1274
dberger@21cf.com
or
NYC: Nathaniel Brown, 212-852-7746
nbrown@21cf.com
or
Investors:
Reed Nolte, 212-852-7092
rnolte@21cf.com
or
Joe Dorrego, 212-852-7856
jdorrego@21cf.com
 
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