ISSUE OF RESTRICTED SHARE RIGHTS

Capital Change Notice

(Using NZX Capital Change Notice updated as at 8 May 2019)


10 September 2019

Issue of Restricted Share Rights under the SkyCity Performance Incentive Plan
This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of restricted share
rights (“RSRs”) in SkyCity Entertainment Group Limited (the “company”) to participating
employees under the SkyCity Performance Incentive Plan in respect of the financial year
ended 30 June 2019. Each RSR granted under the SkyCity Performance Incentive Plan
confers a right to receive one ordinary share in the company, which will only vest if the
relevant employee remains continuously employed by the company (or a company within
the SkyCity Group) from the date of issue until 10 September 2020 (in respect of ‘Tranche
One’ RSRs) and/or 10 September 2021 (in respect of ‘Tranche Two’ RSRs) (as applicable).

Section 1: Issuer Information
Name of issuer SkyCity Entertainment Group Limited
NZX ticker code SKC
Class of financial product Restricted share rights
ISIN Not quoted
Section 2: Capital Change Details
Number issued
31,767 restricted share rights,
comprising 23,047 ‘Tranche One’ RSRs
and 8,720 ‘Tranche Two’ RSRs
Issue price per security Nil
Percentage of total class of financial products issued 100%
Conversion price Nil
Conversion dates and terms ‘Tranche One’ RSRs: 10 September 2020
‘Tranche Two’ RSRs: 10 September 2021
(as applicable), conditional on the holder
remaining an employee up to the relevant
conversion date
Reason for issue and specific authority for issue Pursuant to the Deferred STI Component
of the SkyCity Performance Incentive Plan
Total number of financial products of the class after
the issue (excluding treasury stock) and total number
of financial products of the class held as treasury
stock after the issue
31,767 restricted share rights

None held as treasury stock
Specific authority for the issue, including reference to
the rule pursuant to which the issue is made
Pursuant to NZX Listing Rule 4.6.1

Terms or details of the issue Further details in relation to the SkyCity
Performance Incentive Plan are set out in
pages 108-110 of the company’s 2019
Annual Report
Date of issue 10 September 2019

Section 3: Authority for this Announcement and Contact Person
Name of person authorised to make this
announcement
Jo Wong
General Counsel & Company Secretary
Contact person for this announcement Jo Wong
Contact phone number
(09) 363 6143
Contact email address
jo.wong@skycity.co.nz
Date of release through MAP 10 September 2019