REDEMPTION AND CONVERSION OF RESTRICTED SHARE RIGHTS

Capital Change Notice


7 September 2020

Redemption and Conversion of Restricted Share Rights

This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the 508,296 ‘Tranche One’
restricted share rights (Tranche One Restricted Share Rights) in SkyCity Entertainment Group Limited
(SKC) issued on 6 September 2019 to participating SkyCity employees under the SkyCity Performance
Incentive Plan in respect of the financial year ended 30 June 2019 (2019 PIP).
Each such Tranche One Restricted Share Right confers a right to receive one ordinary share in SKC, which,
unless otherwise agreed by the Board of SKC, will only vest if the relevant employee remains continuously
employed by SKC (or a company within the SkyCity Group) from the date of issue until the relevant
vesting date.
On 7 September 2020 (as 6 September 2020 was not a business day), 7,263 Tranche One Restricted Share
Rights lapsed and were redeemed by SKC and 501,033 Tranche One Restricted Share Rights vested to
eligible participants.
A number of other tranches of restricted share rights remain on issue (until their applicable vesting date),
including:
• 23,047 ‘Tranche One’ restricted share rights in SKC issued on 10 September 2019 (with a vesting
date of 10 September 2020);
• 498,004 ‘Tranche Two’ restricted share rights in SKC issued on 6 September 2019 (with a vesting
date of 6 September 2021); and
• 8,720 ‘Tranche Two’ restricted share rights in SKC issued on 10 September 2019 (with a vesting
date of 10 September 2021),
to participating SkyCity employees under the 2019 PIP.

NZX Listing Rule 3.13.1 – 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
NZX Listing Rule 3.13.1 - Section 2: Capital Change Details
Number redeemed and converted Of the 508,296 Tranche One Restricted Share
Rights issued on 6 September 2019:
- 7,263 Restricted Share Rights have lapsed
and been redeemed by SKC
- 501,033 Restricted Share Rights have vested,
resulting in the transfer of 501,033 ordinary
shares in SKC to eligible participants from a
corporate trustee who acquires and holds
ordinary shares on behalf of eligible and
future participants pursuant to SKC’s
employee incentive plans. No new ordinary
shares have been issued
Redemption/conversion price per security Nil

Percentage of total class of Financial Products
redeemed/converted
Tranche One Restricted Share Rights issued on
6 September 2019:
1.43% redeemed
98.57% vested/converted
Reason for redemption/conversion and specific authority
for redemption/conversion
Vesting/conversion and redemption of
Restricted Share Rights pursuant to the terms
of the SkyCity Performance Incentive Plan
Total number of Financial Products of the Class after the
redemption/conversion
Nil Tranche One Restricted Share Rights issued
on 6 September 2019
Other restricted share rights in SKC with
different issue dates and vesting conditions
remain on issue - the details of which have
been disclosed at the time of their issuance
Specific authority for the redemption/conversion,
including a reference to the rule pursuant to which the
redemption/conversion is made
Authorised by a resolution of the Board
Date of redemption/conversion 07/09/2020
NZX Listing Rule 3.15.2 – Additional Details for Conversion of Financial Products into Quoted Financial
Products
Number of Financial Products converted and the
number and class of Quoted Financial Products into
which they have been converted
501,033 Tranche One Restricted Share Rights
have vested, resulting in the transfer of 501,033
ordinary shares in SKC to eligible participants
from a corporate trustee who acquires and
holds ordinary shares on behalf of eligible and
future participants pursuant to SKC’s employee
incentive plans. No new ordinary shares have
been issued.
Interest or dividend conditions attaching to the Financial
Products into which they have been converted
None
Number of Financial Products of the same class
remaining to be converted
Nil Tranche One Restricted Share Rights issued
on 6 September 2019
Other restricted share rights in SKC with
different issue dates and vesting conditions
remain on issue - the details of which have
been disclosed at the time of their issuance
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
07/09/2020