SKYCITY COMPLETES $50 MILLION SHARE PURCHASE PLAN

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Market Release SkyCity Entertainment Group Limited (SKC.NZX/SKC.ASX) 8 July 2020 SkyCity $50 Million Share Purchase Plan Receives Strong Support SkyCity Entertainment Group Limited (NZX/ASX:SKC) ("SkyCity") is pleased to announce that its $50 million share purchase plan ("SPP"), which closed on 3 July 2020, received strong shareholder support with total applications of approximately $45.6 million (a 91% take-up). The SPP was part of SkyCity's funding plan and equity raising announced on 17 June 2020, which also included a $180 million institutional placement. The SPP was open to all eligible existing SkyCity shareholders with a registered address in New Zealand or Australia, enabling them to each subscribe for up to a maximum of NZ$50,000/A$47,000 of new SkyCity shares. The new shares under the SPP will be issued at a price of NZ$2.38 (A$2.24), being a 2.5% discount to the five-day volume weighted average price of SkyCity's shares traded on the NZX during the last five days of the SPP offer period (including the closing date), rounded down to the nearest cent. The SPP was fully underwritten and the shortfall (approximately $4.4 million) will be allocated to existing shareholders (as sub-underwriters) as arranged by the underwriters. Settlement of the SPP and allotment of the new shares is expected to occur on 9 July 2020, with trading of NZX shares commencing on 9 July 2020 and ASX shares on 10 July 2020. The new shares to be issued under the SPP will rank equally in all respects with SkyCity's existing ordinary shares. ENDS For more information, please contact: Investors and Analysts - Ben Kay General Manager, Corporate Development & Investor Relations DDI: +64 9 363 6067 E-mail: ben.kay@skycity.co.nz Media - Liza McNally Chief Marketing Officer DDI: +64 9 363 7137 Mobile: +64 2194 4989 E-mail: liza.mcnally@skycity.co.nz Not for distribution or release in the United States. This announcement is not financial product advice and has not taken into account your objectives, financial situation or needs. This announcement has been prepared for release in New Zealand and Australia. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or in any jurisdiction in which such an offer would be illegal. The offer and sale of the shares referred to in this announcement have not been, and will not be, registered under the United States Securities Act of 1933 (the U.S. Securities Act), or the securities laws of any state or other jurisdiction of the United States. Accordingly, the new shares to be offered and sold in the SPP may not be offered or sold, directly or indirectly, to persons in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The new shares to be offered and sold in the SPP may not be offered or sold, directly or indirectly, to any person in the United States or any person acting for the account or benefit of a person in the United States. End CA:00355904 For:SKC Type:OFFER Time:2020-07-08 08:37:04