Investor Presentaiton

News Corp owns high quality, extremely valuable businesses REA Group 61.4% Stake Preeminent global real estate listings platform, dominant in Australia News Corp owns 61.4% of REA, which is listed on the Australian Securities Exchange Dow Jones Book Publishing (HarperCollins) • Flagship The Wall Street Journal and other publications have 4.9mm subscribers (83% digital-only) $700mm+ run-rate high-margin Professional Information business w/ consistent double-digit % growth • 2nd largest of the five major consumer book publishers globally Book publishing is a concentrated industry with steady growth and consistent cash flow News Media • $2.4bn+ business: the New York Post, The Australian, The Sun and The Times of London Collectively, more paid digital subscribers than The Economist and The Financial Times Receives high margin licensing payments from Google, Facebook and Apple Value Value/Share $6.7B $11.56 $9.2B $16.01 $3.5B $6.00 $1.0B $1.70 Subscription Video Services (FOXTEL) Move, Inc. (Realtor.com) • The leading local Australian Pay-TV provider with 4.6mm subscribers $0.7B $1.27 Successfully transitioned to a profitable live sports & news-focused streaming business • Operator of Realtor.com, the 2nd largest digital real estate listings platform in the U.S • 80.0% Stake Since News Corp's $950mm (80% owned by News Corp and 20% owned by REA Group) acquisition of Move, Inc. in 2014, it has grown revenue from $227mm to $700mm+ in FY2022 $1.4B $2.47 Net Debt & Corporate Adjustments Capitalized overhead, net debt and listed investments News Corp News Corp Fair Market Value Note: Supporting assumptions and additional financial data provided on further pages and contained within appendix IRENIC ($2.9B) ($5.07) $19.5B $33.95 PAGE 13

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