X0306 4 2018-04-02 0 0001308161 TWENTY-FIRST CENTURY FOX, INC. FOX 0001194696 BREYER JAMES C/O TWENTY-FIRST CENTURY FOX, INC. 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036 1 0 0 0 Class A Common Stock 2018-04-02 4 M 0 1281 A 44281 D Class A Common Stock 2018-04-02 4 D 0 1281 36.13 D 43000 D Deferred Stock Units 2018-04-02 4 M 0 1281 D Class A Common Stock 1281 27535 D Deferred Stock Units 2018-04-02 4 A 0 1349 36.13 A Class A Common Stock 1349 28884 D The number of deferred stock units was adjusted in connection with the separation (the "Separation") of News Corporation from Twenty-First Century Fox, Inc. on June 28, 2013. The adjustment was based on the ratio of the pre-Separation closing price on June 28, 2013 of Twenty-First Century Fox, Inc.'s Class A Common Stock and the volume weighted average price of Twenty-First Century Fox, Inc. Class A Common Stock on July 1, 2013. The deferred stock units were deemed to have settled for the cash value of an equivalent number of shares of Twenty-First Century Fox, Inc.'s Class A Common Stock. Each deferred stock unit represents the equivalent of one share of Twenty-First Century Fox, Inc.'s Class A Common Stock. The deferred stock units became payable in cash on April 2, 2018, the first trading day of the quarter five years following the grant. Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director. The deferred stock units become payable in stock on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director. /s/ Laura A. Cleveland as Attorney-in-Fact for James Breyer 2018-04-03