News Corp Reports US$1 Billion Share Buyback Program Update

News Corporation has lodged an update to its share buyback program with the Australian Securities Exchange, detailing the repurchase of Class A common stock under its 2025 Repurchase Program. The notification, dated October 26, 2026, serves as a daily report on the company's ongoing share repurchase activities.

The company authorized a program in July 2025 to repurchase up to an aggregate of US$1 billion in Class A and Class B common stock. The filing specifies that no ASX-listed CDIs will be repurchased under this program. News Corporation intends to execute these repurchases from time to time in the open market or otherwise, subject to market conditions and stock prices. The stated reason for the buyback is to enhance shareholder value.

According to the disclosure, the total number of Class A common shares on issue stands at 357,993,931. Goldman Sachs & Co. LLC is identified as the broker acting on the company's behalf for these transactions. The consideration for the securities is paid in US dollars, and the filing confirms that no security holder approval is required for this specific buyback activity.

The daily notification highlights recent trading activity. On the previous trading day, October 23, 2026, the company bought back 54,641 shares for a total consideration of US$1,691,805.57. The highest price paid on that date was US$31.13, while the lowest was US$30.77. Cumulatively, prior to this most recent day, the company had repurchased 13,607,039 shares for US$359,862,281.13. The highest price paid in the earlier period was US$31.58 on August 27, 2026, and the lowest was US$22.20 on February 9, 2026.

The initial notification for this buyback program was filed on July 15, 2025. This current document represents an update and amendment to that initial filing, as well as a daily buyback notification under listing rule 3.8A. The company notes that information provided to the ASX becomes its property and may be made public.