Aristocrat Leisure : Notice of 2019 Annual General Meeting and Proxy Form

17 January 2019

Company Announcements Office Australian Securities Exchange Limited Exchange Centre

20 Bridge Street Sydney NSW 2000

Aristocrat Leisure Limited 2019 AGM Notice of Meeting

In accordance with Listing Rule 3.17, please find attached the Notice of

Meeting and Proxy Form for the Company's Annual General Meeting, to be held on Thursday, 21 February 2019.

The Annual Report for the 12 months ended 30 September 2018 was previously released to the ASX on 20 December 2018.

These documents were dispatched to shareholders today, 17th January 2019, in accordance with their elections.

These documents are also available on the Group's website atwww.aristocrat.com.

Yours sincerely

Richard Bell Company Secretary

Aristocrat Leisure Limited abn 44 002 818 368

Building A, Pinnacle Office Park, 85 Epping Road, North Ryde NSW 2113

PO Box 361, North Ryde BC NSW 1670, Australia

Telephone [phone] fax [phone] webwww.aristocrat.com

ARISTOCRAT LEISURE LIMITED

NOTICE OF 2019 ANNUAL GENERAL MEETING

AND EXPLANATORY STATEMENT

Thursday, 21 February 2019 at 11.00am (Sydney time)

MARBLE ROOM, RADISSON BLU PLAZA HOTEL

27 O'CONNELL STREET, SYDNEY

ARISTOCRAT LEISURE LIMITED ABN 44 002 818 368

Dear shareholder

2019 ANNUAL GENERAL MEETING

On behalf of the Board, I am pleased to invite you to attend the 2019 Annual General Meeting (Meeting) of Aristocrat Leisure Limited (Company or Aristocrat) which has been scheduled as follows:

Date: Thursday, 21 February 2019

Time: 11.00am (Sydney time) with registration open from 10.00am

Location: Marble Room, Radisson Blu Plaza Hotel, 27 O'Connell Street, Sydney, New South Wales, 2000

Due to the rail closure along the Epping to Chatswood line, we have this year decided to hold the Meeting at Radisson Blu Plaza Hotel, not at our Head Office, in order to ensure the Meeting is more easily accessible to those shareholders wanting to attend in person. A map and transportation instructions follow for your information.

If you would like to attend the Meeting, please bring the enclosed proxy form with you, as the barcode printed on it will assist your registration and admission.

The Notice of Meeting in the following pages details the business of the Meeting and, together with the Explanatory Statement, contains important information in relation to the matters to go before shareholders.

Shareholders unable to attend the Meeting will be able to watch and listen to proceedings via webcast which will be accessible from a link on the Company's website,www.aristocrat.com.

If you are unable to attend the Meeting but wish to appoint a proxy, you will need to complete and return the enclosed proxy form so that it is received prior to 11.00am (Sydney time) on Tuesday, 19 February 2019.

We have also enclosed a form for those who cannot attend the Meeting but would like to submit questions on any shareholder matters that may be relevant to the Meeting.

Overview of the year ended 30 September 2018

Aristocrat reported strong organic and inorganic growth over the 2018 fiscal year, further extending the business' trajectory of consistent and high quality NPATA1 growth and delivering a record profit result of $729.6 million. Group revenue increased 48% in reported terms and over 46% in constant currency to an all-time high of over $3.6 billion.

This result reflected the positive operational performance delivered across the Group's global portfolio. This included further gains in the Americas and in Australian markets, together with transformational growth in Digital, where sustained organic growth was supported by the performance of our recently acquired digital businesses, Plarium Global and Big Fish Games.

Aristocrat's sustained momentum, strong cash flows and capacity to continue to reduce gearing levels has allowed the Board to deliver another significant increase in earnings per share, consistent with our commitment to grow dividends over time.

The Board's orderly renewal process also continued over the course of the year, with my decision to retire at the 2019 AGM, and the Board's nomination of my colleague Mr Neil Chatfield to succeed me as Chairman of the Board of Aristocrat at that time. Neil's nomination reflects his extensive experience as an Executive and Non-Executive Director of a number of large and complex Australian corporates, his particular experience as a Chairman, the significant contribution he has made since joining Aristocrat in 2017 and the esteem of his Board colleagues. I look forward to supporting Neil as he takes on the Chairman role in the months ahead. I have every confidence that under Neil's leadership, and with the ongoing oversight of the Board, Aristocrat will continue to grow and deliver sustained performance for shareholders and all stakeholders.

As this is the last Notice of Meeting from myself as Chairman, I want to take the opportunity to put on record what a great privilege it has been to be part of the Aristocrat Board over the last ten years; nine of those years as Chairman.

Over that time, Aristocrat has invested to lift its competitiveness and grow share through a focus on great talent, technology and execution. The business has forged a truly global footprint that stretches across a broad range of gaming segments and services, together with a diversified digital gaming business that delights millions of players every day. Around two-thirds of total Group revenues now come from recurring sources. This compares to a decade ago, when only around 10% of Group revenues were recurring in nature, and performance volatility was a significant challenge for the business and shareholders alike.

1. NPATA: Net Profit After Tax and before Amortisation of Acquired Intangibles

Aristocrat's successful turnaround has delivered high quality profit growth and compelling total returns for shareholders.

Aristocrat's market capitalisation ranked at around number 20 on the ASX top 100 over the reporting period, compared to a ranking of around 80 in June 2009.

Of course, significant achievements always reflect effective partnerships, and to this end I would like to recognise and thank shareholders for their confidence and support throughout my tenure. I would also like to thank my Board colleagues, both current and retired, for their contribution to what continues to be an effective and collegiate team. Finally, I express my appreciation to CEO Trevor Croker and his predecessor Jamie Odell, their respective management teams and all Aristocrat people for their professionalism, dedication and engagement.

In summary, fiscal year 2018 has been another highly successful and rewarding year for Aristocrat and its shareholders. I know that all of my Board colleagues, and Neil as our next Chairman, share my optimism and assessment of Aristocrat's potential in the years ahead and I look forward to observing its progress.

Yours sincerely

Ian Blackburne Chairman

NOTICE OF 2019 ANNUAL GENERAL MEETING

MAP AND TRANSPORT

Notice is given that the Annual General Meeting (Meeting) of the shareholders of Aristocrat Leisure Limited (Company or Aristocrat) will be held at the time and location, and to conduct the business, specified below:

Date: Thursday, 21 February 2019 Time: 11.00am (Sydney time) Location: Radisson Blu Plaza Hotel

Marble Room

27 O'Connell Street

Sydney, New South Wales, 2000

For shareholders unable to attend the Meeting, you will be able to watch and listen to the business of the Meeting via webcast. For further information about the webcast, please visit the Company's website,www.aristocrat.com.

The Explanatory Statement to this Notice of Meeting provides further details.

The Radisson Blu Plaza Hotel is located in the Sydney Central

Business District, in the block bounded by O'Connell, Pitt and Hunter Streets. It can be accessed by the entrances on O'Connell Street and Pitt Street.

By car

Passengers may be dropped off at the O'Connell Street entrance to the hotel. Parking is available at various car parks in the CBD.

Public transport

By train: The closest train stations to the Radisson Blu Plaza Hotel are Martin Place and Wynyard. Martin Place and Wynyard train stations are about five minutes walk away.

By bus: For bus services travelling to the city, alight at the bus stop at Hunter Street and then proceed to the entrance of the Radisson Blu Plaza Hotel on O'Connell Street.

For more specific information about public transport routes and timetables, visit transportnsw.info or contact NSW Transport on 131 500.

Mobility impaired access

There is lift access at the entrance to the Radisson Blu Plaza Hotel on O'Connell Street.