Filed Pursuant to Rule 424(b)(3)
Registration No. 333-106837
333-106837-01
333-106837-02
333-106837-03333-106837-04333-106837-05333-106837-06
333-106837-07

Prospectus Supplement No. 1

(to Prospectus dated August 19, 2003)

US$1,655,000,000

News Corporation Finance Trust II

0.75% Senior Exchangeable BUCS^SM

(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 BUCS^SM, 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. 1 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
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
Auspicis Ltd. c/o Jefferies Asset Management Ltd. Uraniastrasse 12 CH-8023 Zurich, Switzerland		200,000	*	0	15,418

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)
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		21,000,000	1	%	20,404	1,618,890
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		5,450,000	*	0	420,141

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	$	14,600,000	*		0	1,125,514
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		41,950,000	3	%	0	3,233,926
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
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
New Era Life Insurance Co. 200 Westlake Park Boulevard Houston, TX 77079		290,000	*	0	22,356

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)
Nomura International plc 1 St. Martins De Grand London, England EC1AXNP	$	143,000,000	9	%	0	11,023,870
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
Susquehanna Ireland Limited 4th Floor George’s Dock House, IFSC Dublin 1, Ireland		7,500,000	*		0	578,175
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)		527,964,000	32	%	0	40,700,745
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

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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 December 10, 2003.

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