Capital Change Notice

Capital Change Notice

Updated as at February 2025

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A. Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer SkyCity Entertainment Group Limited
NZX ticker code SKC
Class of financial product Fully paid ordinary shares
ISIN (If unknown, check on NZX website) NZSKCE0001S2
Currency NZD / AUD
Section 2: Capital change details
Number issued/acquired/redeemed 279,191,590 ordinary shares being:
• 115,930,214 ordinary shares issued
under the underwritten placement
announced to NZX on 21 August 2025
(Placement)
• 163,261,376 ordinary shares issued
under the institutional component of
the underwritten accelerated non-
renounceable entitlement offer
announced to NZX on 21 August 2025
(Institutional Offer)
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security NZD$0.70
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Not applicable
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
1

36.726%
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for
example the Conversion price and Conversion date
and the ranking of the Financial Product in relation
to other Classes of Financial Product) or the Option
(for example, the exercise price and exercise date)
Not applicable
Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
Issue of ordinary shares under the
Placement and the Institutional Offer
announced to NZX on 21 August 2025,
authorised by board resolution dated 20
August 2025.

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Total number of Financial Products of the Class
after the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury
Stock after the issue/acquisition/redemption.
1,039,396,799 ordinary shares (excluding
Treasury Stock)
0 Treasury Stock
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
Not applicable
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Board resolution dated 20 August 2025.
The Placement is made pursuant to NZX
Listing Rule 4.5.1 and the accelerated
entitlement offer is made pursuant to NZX
Listing Rule 4.3.1(a).
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Issue of ordinary shares which rank
equally with all other fully paid ordinary
shares in SkyCity Entertainment Group
Limited
Date of issue/acquisition/redemption
2
28/08/2025
Section 3: Disclosure required for Placements made under Rule 4.5.1
[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Days of
the issuance. Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]

Details of the approach in identifying investors who
were able to participate in the offer and how their
respective allocations in the offer were determined.

The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.
SkyCity notes that, consistent with the
Corporate Action Notice released on 21
August 2025, eligible institutional
shareholders were invited to participate in
the placement component of the offer. As
such, one of SkyCity’s key objectives and
criteria used in determining allocations in
the offer was a best effort to allocate on a
pro rata basis to existing SkyCity
shareholders who were invited to
participate in the placement and who bid
for at least that many shares. As
confirmed on 22 August 2025, all existing
eligible institutional shareholders who bid
for their pro-rata allocation of the
Placement were allocated at least that
amount of new shares. Other key
objectives and criteria included seeking to
allocate shares to institutional investors
who are likely to be high quality, long-term
supporters of SkyCity, as well as those
who showed a high degree of
engagement with the offer and SkyCity.
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Phil Leightley
General Counsel & Company Secretary
Contact person for this announcement Phil Leightley

2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

Capital Change Notice

Updated as at February 2025
Contact phone number (09) 971 5506
Contact email address phil.leightley@skycity.co.nz
Date of release through MAP

28/08/2025