UPDATE: FIRE AT NEW ZEALAND INTERNATIONAL CONVENTION CENTRE

Insurance Update - New Zealand International Convention Centre SkyCity Entertainment Group Limited (SKC.NZX/SKC.AX) ("SkyCity") confirms that, in respect of the fire that broke out at the New Zealand International Convention Centre ("NZICC") in Auckland on 22 October 2019, SkyCity's insurers have now confirmed that SkyCity's contract works insurance policy will respond in relation to damage to the NZICC and Horizon Hotel (which is also under construction and located adjacent to the NZICC). In addition, SkyCity's third party liability insurance policy will respond where legal liability exists and cases are being reviewed on a claim-by-claim basis. The Fletcher Construction Company Limited ("Fletcher Construction") is an insured party under both SkyCity's contract works insurance policy and third party liability insurance policy. The NZICC site was handed back to Fletcher Construction, the main contractor for the NZICC and Horizon Hotel, on 1 November 2019. Access remains restricted as safety and structural assessments and investigations into the cause of the fire are completed. Once the extent of the damage to the NZICC and Horizon Hotel is known, SkyCity will, in consultation with Fletcher Construction, be able to determine the impact on the project delivery timeline. Both SkyCity and Fletcher Construction remain committed to completing the NZICC to the standard agreed with the New Zealand Government. SkyCity thanks the lead insurer and SkyCity's insurance broker, Willis Towers Watson, for their professionalism and cooperation in relation to the fire. ENDS For more information, please contact: Media Laura Barrett - External Communications Manager DDI: +64 9 363 7126 Mobile: +64 21 197 2845 E-mail: laura.barrett@skycity.co.nz Investors and analysts Ben Kay - General Manager, Corporate Development & Investor Relations DDI: +64 9 363 6067 E-mail: ben.kay@skycity.co.nz End CA:00344903 For:SKC Type:GENERAL Time:2019-11-26 08:44:18