DEBT COVENANT RELIEF

MARKET RELEASE SkyCity Entertainment Group Limited (SKC.NZX/SKC.AX) 29 November 2021 Debt Covenant Relief SkyCity Entertainment Group Limited (SKC.NZX/SKC.AX) (SkyCity) advises that it has successfully secured a debt covenant waiver from its banking syndicate and US Private Placement holders for the 31 December 2021 testing period, and a variation to the debt covenants for the 30 June 2022 testing period, and formal documentation has now been executed with SkyCity's banking syndicate and US Private Placement holders. The waiver/variation period will be lifted when SkyCity meets the standard covenant test on the prescribed dates, with the next test being 30 June 2022. During the waiver/variation period, SkyCity is unable to make distributions to shareholders or secure new debt facilities. In conjunction with the debt covenant relief, SkyCity has secured additional committed debt facilities of $50 million from its banking syndicate, which increases SkyCity's liquidity headroom over the medium-term. Other than the amendments outlined above, there are no material changes to the terms of the existing debt facilities. ENDS For more information, please contact: Investors and Analysts - Ben Kay General Manager, Strategy & Investor Relations DDI: +64 9 363 6067 E-mail: ben.kay@skycity.co.nz Media - Kate Gourdie Group Communications Manager Mobile +64 21 197 2845 E-mail: kate.gourdie@skycity.co.nz End CA:00383710 For:SKC Type:GENERAL Time:2021-11-29 08:31:03