SelecTV gains $23.47m support from WIN CorporationJune 30 2006<br /><br />SELECTV Broadcasting Limited (ABN 55 106 794 905) (�SelecTV�), Australia�s newest pay television company, today announced that WIN Corporation Pty Limited (ABN 43 000 737 404) (�WIN�) has agreed to subscribe for 195,609,454 SelecTV shares at $0.12 per share to raise approximately $23.47 million which would result in WIN holding a majority stake in the company. The agreement with WIN is conditional only on SelecTV shareholders approving the issue of shares to WIN. A meeting of shareholders is expected to be convened for late July 2006.<br />SelecTV has both an immediate and medium term requirement for equity funding. The WIN transaction, if approved, would immediately fully fund SelecTV�s business plan. SelecTV CEO Jim Blomfield said, �WIN�s presence in SelecTV is very welcome. It will add a broad and complementary dimension to our operation that will allow us to move ahead with confidence�.<br />Andrew Gordon, Executive Chairman of WIN Corporation added, �Working with SelecTV, WIN can extend its presence into pay television to all of Australia. SelecTV will compliment our current broadcasting operations and provide us with a vehicle to capitalise on our growing media assets�.<br />Shane Allan, Chairman of SelecTV said, �An alliance between two such significant companies, whose operations are managed by some of Australia�s most experienced media executives, secures the future of our dynamic young company�. WIN is the largest regional television broadcaster in Australia.<br />SelecTV shareholders have also been advised of a takeover bid for SelecTV made by Access Providers Limited (�APV�), offering one APV share for each SelecTV share held.<br />The APV offer is highly conditional and does not provide any funding to SelecTV or certainty to SelecTV shareholders.<br />The Directors of SelecTV unanimously consider the unconditional WIN transaction to be superior to the APV offer and, in the absence of a superior proposal, recommend that shareholders approve the issue of shares to WIN and reject the APV bid.