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## CONsOLIDATEDsTATEMENTOF CHANGEs IN EqUITY 

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FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 24 JUNE 2012 

The above Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying Notes. 

* This relates to the sale of 34% of Trade Me Group Ltd on 13 December 2011 and the further 15% divestment on 21 June 2012. 

