CLEANSING NOTICE

17 June 2020


Client Market Services
NZX Limited
Level 1, NZX Centre
11 Cable Street
WELLINGTON

Copy to:

ASX Market Announcements
Australian Stock Exchange
Exchange Centre
Level 6
20 Bridge Street
Sydney NSW 2000
AUSTRALIA


RE: SKYCITY ENTERTAINMENT GROUP LIMITED (SKC)

NOTICE PURSUANT TO CLAUSE 20(1)(A) OF SCHEDULE 8 TO THE FINANCIAL
MARKETS CONDUCT REGULATIONS 2014


1. SkyCity Entertainment Group Limited (SkyCity) announced on 17 June 2020 that it
intends to undertake an offer of new ordinary shares in SkyCity by way of:

(a) a fully underwritten placement to eligible institutional and other selected
investors to raise approximately $180 million (Placement); and

(b) a fully underwritten share purchase plan to eligible shareholders with
addresses in New Zealand and Australia to raise up to $50 million (SPP),

(together, the Offer).

2. The Offer is being made to investors in New Zealand in reliance upon the exclusion
in clause 19 of Schedule 1 to the Financial Markets Conduct Act 2013 (the FMCA).
SkyCity will issue the relevant securities under the Offer to investors in Australia
without disclosure under Part 6D.2 of the Corporations Act 2001 (Cth).

3. This notice is provided under:

(a) subclause 20(1)(a) of Schedule 8 to the Financial Markets Conduct
Regulations 2014 (the Regulations);

(b) paragraph 708(12J) of the Corporations Act 2001 (Cth) (Corporations Act) as
notionally inserted by ASIC Instrument 20-0592; and

(c) ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547
as amended by ASIC Instrument 20-0592.

4. As at the date of this notice:

(a) SkyCity is in compliance with the continuous disclosure obligations that
apply to it in relation to the ordinary shares in SkyCity;

(b) SkyCity is in compliance with its financial reporting obligations (as defined
in subclause 20(5) of Schedule 8 to the Regulations);

(c) SkyCity has complied with its obligations under rule 1.15.2 of the listing rules
of ASX Limited; and

(d) there is no information that is “excluded information” (as defined in
subclause 20(5) of Schedule 8 to the Regulations) in respect of SkyCity.

5. The Offer is not expected to have any material effect or consequence on the
"control" (as defined in clause 48 of schedule 1 to the FMCA) of SkyCity.


ENDS

For any further information, please contact:

Ben Kay
GM Corporate Development & Investor Relations
Email: ben.kay@skycity.co.nz

Phone: +64 (9) 363 6067



Authorised by:


Jo Wong
Company Secretary
Phone: +64 9 363 6143
Email: jo.wong@skycity.co.nz