Prospectus Supplement No.2

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-106837
333-106837-01
333-106837-02
333-106837-03
333-106837-04
333-106837-05
333-106837-06
333-106837-07

Prospectus Supplement No. 2

(to Prospectus dated August 19, 2003)

 

US$1,655,000,000

 

News Corporation Finance Trust II

 

0.75% Senior Exchangeable BUCSSM

 

(original liquidation preference US$1,000 per BUCS)

exchangeable into the ordinary shares of British Sky Broadcasting Group plc or

the cash value thereof and guaranteed on a senior basis by

 

The News Corporation Limited

 


 

This prospectus supplement amends and supplements the prospectus dated August 19, 2003 relating to the resale by the holders of 0.75% Senior Exchangeable BUCSSM, or “BUCS”, of News Corporation Finance Trust II and the ordinary shares of British Sky Broadcasting Group plc, or “BSkyB ordinary shares”, issuable upon exchange of the BUCS.

 

This prospectus supplement should be read in conjunction with the prospectus dated August 19, 2003, which is to be delivered with this prospectus supplement. This prospectus supplement is not complete without, and may not be delivered or utilized except in connection with the prospectus. This prospectus supplement is qualified by reference to the prospectus, except to the extent that the information in this prospectus supplement supersedes the information contained in the prospectus. Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the prospectus.

 

The table below sets forth information as of the date of this prospectus supplement about the original liquidation preference of BUCS beneficially owned and the number of BSkyB ordinary shares issuable upon exchange of the BUCS that may be offered under the prospectus by the selling security holders named in the table. All of the information set forth in the table has been provided by or on behalf of the selling security holders on or prior to the date of this prospectus supplement and, to our knowledge, is true and correct as of the date of this prospectus supplement. The selling security holders listed in the table below may have sold or transferred, in transactions exempt from the registration requirements of the Securities Act, some or all of their BUCS since the date on which the information was supplied to us as presented in the table. Information about selling security holders may change over time. Any changed information supplied to us will be set forth in future prospectus supplements.

 

 


SM Service mark of Salomon Smith Barney Inc.

 


The table of selling security holders beginning on page 110 of the prospectus under the caption “Selling Security Holders” is hereby amended by this prospectus supplement no. 2 to read as follows.

 

Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


AAM/Zazove International Convertible Fund L.P.

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

   $ 400,000    *     0    30,836

ACIG Insurance Company

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     300,000    *     0    23,127

AIG DKR SoundShore Oasis Holding Fund Ltd.

c/o DKR Capital Partners LP

1281 East Main Street

Stamford, CT 06902

     9,600,000    *     0    740,064

AIG DKR SoundShore Strategic Holding Fund Ltd.

c/o DKR Capital Partners LP

1281 East Main Street

Stamford, CT 06902

     3,400,000    *     0    262,106

AIG DKR SoundShore Overseas Holding Fund Ltd.

c/o DKR Capital Partners LP

1281 East Main Street

Stamford, CT 06902

     6,825,000    *     0    526,139

Alcon 401(k) Retirement Plan

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     1,100,000    *     0    84,799

Amaranth Fund L.P.

Amaranth Group

1 American Lane

Greenwich, CT 06831

Attn: General Counsel

     85,000,000    5 %   0    6,552,650

American Fidelity Assurance Company

2000 Classen Center

Oklahoma City, OK 73106

     260,000    *     0    20,043

American Founders Life Ins. Co.

8395 Keystone Crossing

Indianapolis, IN 46240

     400,000    *     0    30,836

American Pioneer Life Ins. Co. of New York

6 International Drive

Rye Brook, NY 10573-1068

     90,000    *     0    6,938

American Progressive Life & Health

6 International Drive

Rye Brook, NY 10573-1068

     90,000    *     0    6,938

American Public Entity Excess Pool

29621 Northwestern Highway

Southfield, MI 48034

     90,000    *     0    6,938


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


Auspicis Ltd.

c/o Jefferies Asset Management Ltd.

Uraniastrasse 12

CH-8023 Zurich, Switzerland

   $ 200,000    *     0    15,418

Bank Austria Cayman Islands, Ltd

c/o Remius Capital Group, LLC

666 Third Avenue, 26th Floor

New York, NY 10017

     3,000,000    *     0    231,270

Bank Austria C29—BA 510-452448

Obere Donacsterasse 19

1090 Vienna, Austria

     150,000    *     0    11,564

Barclays Global Investors

c/o Forest Investment Management LLC

53 Forest Avenue

Old Greenwich, CT 06870

     350,000    *     0    26,982

Barep Convertible Arbitrage

c/o Barep Asset Management

3 Rue Lafayette

750009 Paris, France

     34,000,000    2 %   0    2,621,060

Barep Convertible Arbitrage Enhanced

c/o Barep Asset Management

3 Rue Lafayette

750009 Paris, France

     12,000,000    *     0    925,080

Beamtenversicherungskasse des Kantons Zurich

c/o State Street Switzerland

Kassernen Str. 1

CH-8004 Zurich, Switzerland

     3,900,000    *     0    300,651

Bernische Lehrerversicherungskasse

c/o CSAM

P.O. Box 800

CH-8070 Zurich, Switzerland

     450,000    *     0    34,691

Buckeye State Mutual Ins. Co

1 Heritage Place

Piqua, OH 45356

     30,000    *     0    2,313

CALAMOS Convertible Fund—CALAMOS Investment Trust

c/o CALAMOS Investments

1111 E. Warrenville Road

Naperville, IL 60563

     11,500,000    *     0    886,535

CALAMOS Global Convertible Fund—CALAMOS Investment Trust

c/o CALAMOS Investments

1111 E. Warrenville Road

Naperville, IL 60563

     700,000    *     0    53,963

 

2


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


CALAMOS Group Trust—International Fund

c/o CALAMOS Investments

1111 E. Warrenville Road

Naperville, IL 60563

   $ 1,700,000    *     0    131,053

Catholic Family Life Ins.

1572 E. Capital Drive

Milwaukee, WI 53211-0563

     340,000    *     0    26,211

Catholic Relief Insurance Company of America

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     600,000    *     0    46,254

Celina Mutual Ins. Co.

1 Insurance Square

Celina, OH 45822-1690

     40,000    *     0    3,084

Century National Insurance Co.

12200 Sylvan St.

North Hollywood, CA 91606

     1,000,000    *     0    77,090

Cheyne Fund LP

13 Park Place

London, England SW1A1LP

     1,980,000    *     0    152,638

Cheyne Leveraged Fund LP

13 Park Place

London, England SW1A1LP

     1,225,000    *     0    94,435

CI Global Convertible Capital Invest

Obere Donacsterasse 19

1090 Vienna, Austria

     350,000    *     0    26,982

CIP Limited Duration Company

1 Cabot Square

London, England E144QJ

     238,000    *     0    18,347

Citigroup Global Markets U.K. Equity Limited

Citigroup Centre, Canada Square

Canary Wharf

London, England E145LB

     30,000,000    2 %   0    2,312,700

Citigroup Global Markets Limited

Citigroup Centre, Canada Square

Canary Wharf

London, England E145LB

     37,515,000    2 %   0    2,892,031

Colonial Lloyds Insurance Co

2600 W. Freeway

Fort Worth, TX 76102

     20,000    *     0    1,542

 

3


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


Commerzbank AG Frankfurt

Shearbourne House

119-121 Cannon Street

London, England EC3V0HR

   $ 5,750,000    *     0    443,268

Commerzbank AG Frankfurt

119-121 Cannon Street

London, England EC3V0HR

     250,000    *     0    19,273

Commonwealth Dealers

8001 W. Broad Street

Richmond, VA 23294

     200,000    *     0    15,418

Concord Life Ins. Co.

307 N. Michigan Ave.

Chicago, IL 60601

     200,000    *     0    15,418

CQS Convertible & Quantitative Strategies Masterfund Ltd.

P.O. Box 309

Ugland House

South Church Street

Georgetown, Grand Cayman

     45,000,000    3 %   20,404    3,469,050

Credit Suisse First Boston Europe Limited

1 Cabot Square

London, England E144QJ

     30,500,000    2 %   0    2,351,245

CSA Fraternal Life Ins. Co.

122 W. 22nd St.

Oakbrook, IL 60521

     140,000    *     0    10,793

CS Alternative Strategy Limited

13 Park Place

London, England SW1A1LP

     68,000    *     0    5,242

Cumberland Ins. Co.

633 Shiloh Pike

Bridgeton, NJ 08302

     180,000    *     0    13,876

Cumberland Mutual Fire Ins. Co.

633 Shiloh Pike

Bridgeton, NJ 08302

     750,000    *     0    57,818

DBAG London

31 West 52nd Street, 4th Floor

New York, NY 10019

     10,000,000    *     0    770,900

Educators Mutual Life Ins.

202 N. Price Street

Lancaster, PA 17603

     180,000    *     0    13,876

 

4


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


  

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


Employee’s Retirement of N.O.

Sewer/Water Board

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

   $ 650,000    *    0    50,109

Fidelity Financial Trust: Fidelity Convertible Securities Fund

c/o Dasha Tcherniakovskaia, Legal Product Manager

FMR Corp.

82 Devonshire Street, E31C

Boston, MA 02109-3614

     15,000,000    *    0    1,156,350

Field Holdings, Inc.

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     70,000    *    0    5,396

First Dakota Indemnity Co.

3900 W. 53rd St.

Sioux Falls, SD 57109-1008

     20,000    *    0    1,542

Forest Fulcrom Fund LLP

53 Forest Avenue

Old Greenwich, CT 06870

     1,370,000    *    0    105,613

Forest Global Convertible Fund

53 Forest Avenue

Old Greenwich, CT 06870

     5,585,000    *    0    430,548

Forest Multi-Strategy Master Fund on behalf of its
Multi-Strategy Segregated Portfolio Series F

53 Forest Avenue

Old Greenwich, CT 06870

     2,070,000    *    0    159,576

Founders Insurance Company

1645 E. Birchwood

Desplaines, IL 60018

     50,000    *    0    3,855

Gaia Offshore Master Fund Ltd.

750 Lexington Avenue

New York, NY 10022

     8,000,000    *    0    616,720

Gemini Sammel Stiftung Zur Foderung der Personalvorsorge

c/o Pictet & Cie

29 Boulevard Georges-Favon

CH-1204 Geneva, Switzerland

     400,000    *    0    30,836

GLG Global Convertible UCITS Fund

c/o GLG Partners

One Curzon St.

London, England W1JSHB

     5,650,000    *    0    435,559

 

5


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


GLG Global Convertible Fund

c/o GLG Partners

One Curzon St.

London, England W1JSHB

   $ 24,700,000    1 %   0    1,904,123

GLG Mangousta Fund

c/o GLG Partners

One Curzon St.

London, England W1JSHB

     800,000    *     0    61,672

GLG Market Neutral Fund

c/o GLG Partners

One Curzon St.

London, England W1JSHB

     43,950,000    3 %   0    3,388,106

Goodville Mutual Casualty

625 W. Main

New Holland, PA 17557

     150,000    *     0    11,564

Grange Mutual Casualty Ins. Co.

650 S. Front Street

Columbus, OH 43216-1218

     320,000    *     0    24,669

Guarantee Trust Life Ins.

1275 Milwaukee

Glenview, IL 60025

     1,100,000    *     0    84,799

Hamilton Multi Strategy Master Fund, LP

415 Madison Avenue, 19th Floor

New York, NY 10017

     20,000,000    1 %   0    1,541,800

Hannover Life Reassurance Company of America

800 N. Magnolia

Orlando, FL 32803

     650,000    *     0    50,109

HBK Master Fund L.P.

c/o HBK Investment L.P.

300 Crescent Ct., #700

Dallas, TX 75201

     368,000,000    22 %   0    28,369,120

HFR Ed Global Master Trust Co.

c/o P. Schoenfeld Asset Mgt LLC

1330 Avenue of the Americas

New York, NY 10019

     481,000    *     0    37,080

Indiana Lumbermens Mutual Insurance Company

P.O. Box 68600

Indianapolis, IN 46268

     500,000    *     0    38,545

Integrity Mutual Ins. Co.

P.O. Box 539

Appleton, WI 54912-0539

     250,000    *     0    19,273

 

6


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


ISBA Mutual Ins. Co.

223 W. Ohio Street

Chicago, IL 60610-9003

   $ 130,000    *     0    10,022

Jefferies Umbrella Fund Global Convertible Bond

c/o Jefferies Asset Management Ltd.

Uraniastrasse 12

CH-8023 Zurich, Switzerland

     940,000    *     0    72,465

JMG Capital Partners LP

199 Avenue of the Stars, Suite 2530

Los Angeles, CA 90067

     7,500,000    *     0    578,175

JMG Convertible Investments, LP

199 Avenue of the Stars, Suite 2530

Los Angeles, CA 90067

     17,000,000    1 %   0    1,310,530

JMG Triton Offshore Fund, Ltd.

199 Avenue of the Stars, Suite 2530

Los Angeles, CA 90067

     34,500,000    2 %   0    2,659,605

Koch Industries Inc. Master Pension Trust

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     400,000    *     0    30,836

Laurel Ridge Capital LP

    685 Third Avenue

    Suite 2802

    New York, NY 10017

     4,000,000    *     0    308,360

Lincoln Memorial Life Ins Co

805 Las Cinas Parkway

Austin, TX 78746

     200,000    *     0    15,418

LLT Limited

Washington Mall—Phase 1,

Church Street, 3rd Floor

Hamilton, HM 11, Bermuda

     500,000    *     0    38,545

Lyxor Master Fund

c/o Forest Investment Management LLC

53 Forest Avenue

Old Greenwich, CT 06870

     1,950,000    *     0    150,326

Main Street America Assurance Co.

55 West Street

P.O. Box 2400

Keene, NH 03431-7000

     600,000    *     0    46,254

Main Street America Financial

55 West Street

P.O. Box 2400

Keene, NH 03431-7000

     80,000    *     0    6,167

 

7


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


Main Street America Holdings

55 West Street

P.O. Box 2400

Keene, NH 03431-7000

   $ 530,000    *     0    40,858

Marquette Indemnity and Life Ins Co.

1000 Des Pares Road

Des Pares, MO 63131-2041

     60,000    *     0    4,625

Medico Life Ins. Company

1515 S. 75th Street

Omaha, NE 68124

     900,000    *     0    69,381

Medmarc Insurance Company

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     650,000    *     0    50,109

Michigan Mutual Insurance Company

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     1,300,000    *     0    100,217

Michigan Professional Insurance Exchange

21 Michigan Avenue, NE

Suite 375

Grand Rapids, MI 49503

     90,000    *     0    6,938

Mid America Life Insurance Co.

11808 Grant

Omaha, NE 68164

     70,000    *     0    5,396

Mid-State Surety Co.

3400 E. La Fayette

Detroit, MI 48207

     40,000    *     0    3,084

Morgan Stanley and Co International Ltd.

25 Cabot Square

Canary Wharf

London, England E144QA

     41,950,000    3 %   0    3,233,926

National Grange Mutual Insurance Co.

55 West Street

P.O. Box 2400

Keene, NH 03431-7000

     700,000    *     0    53,963

National Mutual Insurance Co.

1 Insurance Square

Celina, OH 45822-1690

     40,000    *     0    3,084

National Union Fire Insurance Company of Pittsburgh, PA

c/o AIG Global Investment Corp.

175 Water Street, 24th Floor

New York, NY 10041

     2,900,000    *     0    223,561

NCMIC

1452 29th Street, Suite 200

West Des Moines, IA 50266-1307

     1,050,000    *     0    80,945

 

8


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


New Era Life Insurance Co.

200 Westlake Park Boulevard

Houston, TX 77079

   $ 290,000    *     0    22,356

Nomura International plc

1 St. Martins De Grand

London, England EC1AXNP

     149,000,000    9 %   0    11,486,410

Oklahoma Attorney Mutual Insurance

401 N. Hudson

Oklahoma City, OK 73102

     40,000    *     0    3,084

Partners Group Alternative Strategies PCC LTD

3100 Tower Boulevard, Suite 1104

Durham, NC 27707

     400,000    *     0    30,836

Pensionskasse der Antalis AG

c/o Bank Julius Baer & Co. Ltd.

P.O. Box

CH-8010 Zurich, Switzerland

     60,000    *     0    4,625

Pensionskasse der EMS-Dottikon AG

c/o Bank Julius Baer & Co. Ltd.

P.O. Box

CH-8010 Zurich, Switzerland

     110,000    *     0    8,480

Pensionskasse der EMS-Chemie AG

c/o Bank Julius Baer & Co. Ltd.

P.O. Box

CH-8010 Zurich, Switzerland

     70,000    *     0    5,396

Pensionskasse der Lonza AG

c/o Bank Julius Baer & Co. Ltd.

P.O. Box

CH-8010 Zurich, Switzerland

     140,000    *     0    10,793

Pensionskasse der Pluss-Staufer AG

c/o ZKB

P.O. Box

CH-8010 Zurich, Switzerland

     60,000    *     0    4,625

Pensionskasse der Rockwell Automation AG

c/o Bank Julius Baer & Co. Ltd.

P.O. Box

CH-8010 Zurich, Switzerland

     80,000    *     0    6,167

Pensionskasse Vantico

c/o Bank Julius Baer & Co. Ltd.

P.O. Box

CH-8010 Zurich, Switzerland

     100,000    *     0    7,709

Personal Fursorgestiftung Der Gebaudeversicherung

c/o Berner Kantonalbank

Bundesplatz 8

CH-3001 Bern, Switzerland

     230,000    *     0    17,731

 

9


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


  

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


Personalvorsorge Der PV-Promea

c/o Bank Leu Ltd.

P.O. Box

CH-8022 Zurich, Switzerland

   $ 140,000    *    0    10,793

Philanthropic Mutual Life Insurance Co.

401 Plymouth Road, Suite 100

Plymouth Meeting, PA 19462

     80,000    *    0    6,167

The Philanthropic Mutual Life Ins. Co.—Pension

401 Plymouth Road, Suite 100

Plymouth Meeting, PA 19462

     160,000    *    0    12,334

PIMCO European Convertible Bond Fund

1400 Newport Center Drive

Newport Beach, CA 92660

     660,000    *    0    50,879

Premera Blue Cross

7001 220th Street, SW

P.O. Box 327

Mount Lake Terrace, WA 98043

     2,300,000    *    0    177,307

PSAM Allegro Partners LP

c/o P. Schoenfeld Asset Mgt LLC

1330 Avenue of the Americas

New York, NY 10019

     608,000    *    0    46,871

PSAM GPS Fund Ltd

c/o P. Schoenfeld Asset Mgt LLC

1330 Avenue of the Americas

New York, NY 10019

     300,000    *    0    23,127

PSAM Panorama Fund Ltd

c/o P. Schoenfeld Asset Mgt LLC

1330 Avenue of the Americas

New York, NY 10019

     2,819,000    *    0    217,317

PSAM Worldarb Fund Ltd

c/o P. Schoenfeld Asset Mgt LLC

1330 Avenue of the Americas

New York, NY 10019

     380,000    *    0    29,294

Quattro Fund Ltd

Quattro Global Capital, LLC

546 Fifth Avenue, 19th Floor

New York, NY 10036

     4,700,000    *    0    362,323

Quincy Mutual Fire Insurance Co.

57 Washington Street

Quincy, MA 02169

     900,000    *    0    69,381

 

10


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


Ramius Master Fund, LTD

c/o Ramius Capital Group, LLC

666 Third Avenue, 26th Floor

New York, NY 10017

   $ 3,000,000    *     0    231,270

Ramius Partners II, LP

c/o Ramius Capital Group, LLC

666 Third Avenue, 26th Floor

New York, NY 10017

     1,000,000    *     0    77,090

RCG Halifax Master Fund, LTD

c/o Ramius Capital Group, LLC

666 Third Avenue, 26th Floor

New York, NY 10017

     500,000    *     0    38,545

RCG Latitude Master Fund, LTD

c/o Ramius Capital Group, LLC

666 Third Avenue, 26th Floor

New York, NY 10017

     4,000,000    *     0    308,360

RCG MultiStrategy Master Fund, LTD

c/o Ramius Capital Group, LLC

666 Third Avenue, 26th Floor

New York, NY 10017

     1,500,000    *     0    115,635

Relay II Asset Holding

c/o Forest Investment Management LLC

53 Forest Avenue

Old Greenwich, CT 06870

     200,000    *     0    15,418

Republic Mutual Insurance Co.

1 Insurance Square

Celina, OH 45822-1690

     20,000    *     0    1,542

Salomon Brothers Asset Management Inc.

100 First Stamford Place, 2nd Floor

Stamford, CT 06902

     21,000,000    1 %   0    1,618,890

San Diego County Employee Retirement Association

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     2,000,000    *     0    154,180

San Francisco Employee’s Retirement System

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     2,500,000    *     0    192,725

Scor Life Re Convertible Program

15305 Dallas Parkway, Suite 700

Addison, TX 75001

     350,000    *     0    26,982

 

11


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


SGAM Convertible Arbitrage Fund

SGAM Alternative Investments

2, Place de la Coupole

92078 Paris—La Défense Cedex—France

   $ 9,000,000    *     0    693,810

Siemens Convertibles European Markets

13 Park Place

London, England SW1A1LP

     1,250,000    *     0    96,363

Siemens Convertibles Global Markets

13 Park Place

London, England SW1A1LP

     1,250,000    *     0    96,363

South Dakota Retirement System

4009 W. 49th Street, Suite 300

Sioux Falls, SD 57106

     7,000,000    *     0    539,630

Spartan Partners LP

c/o P. Schoenfeld Asset Mgt LLC

1330 Avenue of the Americas

New York, NY 10019

     785,000    *     0    60,516

Sphinx Convertible Arbitrage Fund

c/o Forest Investment Management LLC

53 Forest Avenue

Old Greenwich, CT 06870

     125,000    *     0    9,636

St. Albans Partners Ltd.

2049 Century Park East, #330

Los Angeles, CA 90067

     11,000,000    *     0    847,990

Standard Mutual Insurance Co

1028 S. Grand Avenue West

Springfield, IL 62704

     190,000    *     0    14,147

State National Insurance Co.

8220 Anderson Boulevard

Fort Worth, TX 76120

     100,000    *     0    7,709

Teachers Insurance and Annuity Association of America

730 Third Avenue

New York, NY 10017

     20,000,000    1 %   0    1,541,800

TQA Master Fund, Ltd.

405 Lexington Avenue

New York, NY 10174

     13,600,000    *     0    1,048,424

TQA Master Plus Fund, Ltd.

405 Lexington Avenue

New York, NY 10174

     6,900,000    *     0    531,921

 

12


Name and Address of Selling Security Holder


  

Aggregate
Principal
Amount At
Maturity

of BUCS

That May Be
Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


Tuscarora Wayne Mutual Insurance Co.

P.O. Box 7

601 State Street

Wyalusing, PA 18853-0007

   $ 80,000    *     0    6,167

UBS AG London

100 Liverpool Street

London, England EC2M2RH

     39,500,000    2 %   0    3,045,055

UBS O’Connor LLC

f/b/o O’Connor Global Convertible Arbitrage
Master Ltd

One North Wacker Drive, Floor 32

Chicago, IL 60606

     5,000,000    *     0    385,450

UBS O’Connor LLC f/b/o O’Connor Global Convertible Portfolio

One North Wacker Drive, Floor 32

Chicago, IL 60606

     350,000    *     0    26,982

United National Insurance Co.

3 Bala Plaza East

Suite 300

Bala Cynwyd, PA 19004

     800,000    *     0    61,672

Westbay International Corp.

c/o P. Schoenfeld Asset Mgt LLC

1330 Avenue of the Americas

New York, NY 10019

     451,000    *     0    34,768

Westward Life Insurance Co.

4040 Paramont Boulevard

P.O. Box 6025

Lakewood, CA 90714-6025

     110,000    *     0    8,480

Wisconsin Lawyers Mutual Insurance Co.

49 Kessle Court

Madison, WI 53711

     220,000    *     0    16,960

Wisconsin Mutual Insurance Co.

8201 Excelsior Drive

Madison, WI 53711

     130,000    *     0    10,022

World Insurance Co.

1108 Grant

Omaha, NE 68164

     440,000    *     0    33,920

Xavex Convertible Arbitrage 2 Fund

3100 Tower Boulevard, Suite 1104

Durham, NC 27707

     400,000    *     0    30,836

Xavex Convertible Arbitrage 4 Fund

c/o Forest Investment Management LLC

53 Forest Avenue

Old Greenwich, CT 06870

     160,000    *     0    12,334

 

13


Name and Address of Selling Security Holder


  

Aggregate
Principal Amount
At Maturity

of BUCS

That May Be Sold


  

Percentage of

BUCS

Outstanding


   

Number of

BSkyB

Ordinary
Shares
Owned
Prior to
Exchange


   Number of
BSkyB
Ordinary
Shares
Registered
Hereby (1)


Xavex Convertible Arbitrage 10 Fund

3100 Tower Boulevard, Suite 1104

Durham, NC 27707

   $ 800,000    *     0    61,672

Xavex Risk Arbitrage 5 Fund

c/o P. Schoenfeld Asset Mgt LLC

1330 Avenue of the Americas

New York, NY 10019

     176,000    *     0    13,568

Zazove Convertible Securities Fund Inc.

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     800,000    *     0    61,672

Zazove Income Fund L.P.

940 Southwood Boulevard, Number 200

Incline Village, NV 89451

     2,000,000    *     0    154,180

Zuger Kantonalbank

Banrerstr St.

CH-6301 Zug, Switzerland

     70,000    *     0    5,396

Zuger Kulturstiftung Landis & Gyr

Zuger UB Baarerster 37

CH-6301 Zug, Switzerland

     70,000    *     0    5,396

Zurich Institutional Benchmark

c/o Forest Investment Management LLC

53 Forest Avenue

Old Greenwich, CT 06870

     625,000    *     0    48,181

Zurich Institutional Benchmark Management c/o Quattro Fund

Quattro Global Capital, LLC

546 Fifth Avenue, 19th Floor

New York, NY 10036

     900,000    *     0    69,381

BUCS previously sold by selling security holders and not listed above

     4,900,000    *     0    377,741

All other holders of BUCS or future transferees, pledgees, donees or successors and any such holders(2)

     366,214,000    22 %   0    28,231,437
    

  

 
  

Total

   $ 1,655,000,000    100 %   20,404    127,583,950
    

  

 
  

*   Less than one percent (1%)
(1)  

Represents the number of BSkyB ordinary shares issuable upon exchange of the BUCS. In addition to the shares issuable upon exchange, News Corporation may elect to deliver BSkyB ordinary shares upon redemption of the BUCS and, in the case of redemption at the option of the holder, may elect to deliver News Corporation preferred ordinary shares. The number of BSkyB ordinary shares or News Corporation preferred ordinary shares issuable upon redemption cannot be determined at this time and will be based

 

14


 

upon the average daily volume weighted average price of the BSkyB ordinary shares or the News Corporation preferred ordinary shares during the relevant measurement period preceding the redemption date.

(2)   Assumes for this purpose that such other holders of BUCS, or any future transferees, pledgees, donees or successors of or from such other holders of BUCS, do not beneficially own any BSkyB ordinary shares other than the BSkyB ordinary shares constituting the initial reference shares issuable upon exchange of the BUCS.

 

To the knowledge of News America and News Corporation, and based on certain representations made by the selling security holders, none of the selling security holders has held any position or office or had any other material relationship within the past three years with News America, the trust, News Corporation, BSkyB or any subsidiary guarantor, or any of their respective predecessors or affiliates.

 

Investing in the BUCS or the BSkyB Ordinary Shares issuable upon exchange of the BUCS involves risks. See the “Risk Factors” section beginning on page 7 of the prospectus to read about factors you should consider before purchasing the BUCS.

 

Neither the Securities and Exchange Commission, nor any state securities commission nor any other regulatory body has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.

 

The date of this prospectus supplement is March 16, 2004.

 

15