Aristocrat Leisure : Notice of 2021 Annual General Meeting and Proxy Form

27 January 2021

Company Announcements Office

Australian Securities Exchange Limited

Exchange Centre

20 Bridge Street

Sydney NSW 2000

Aristocrat Leisure Limited

2021 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 Friday, 26 February 2021.

The Annual Report for the 12 months ended 30 September 2020 was previously released to the ASX on 18 December 2020.

These documents were dispatched and made available to shareholders today,

27 January 2021, and are available on the Group's website at www.aristocrat.com.

Authorised for lodgement by:

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] web www.aristocrat.com

ARISTOCRAT LEISURE LIMITED

NOTICE OF 2021 ANNUAL GENERAL MEETING

AND EXPLANATORY STATEMENT

Friday, 26 February 2021 at 11.00am (Sydney time)

ARISTOCRAT LEISURE LIMITED ABN 44 002 818 368

HOW TO PARTICIPATE IN THE 2021 VIRTUAL AGM

Before the AGM

AGM NOTICE OF MEETING

• Access online athttps://www.boardroomlimited. com.au/agm/aristocrat
• Request a hard copy by phone: [phone] or [phone] (outside Australia)
• Request a hard copy by email:[e-mail]

APPOINT A PROXY

• Shareholders who are unable to join us at the AGM are encouraged to appoint a proxy to attend and vote on your behalf. If you direct your proxy how to vote, your votes will be cast at the meeting in accordance with your directions
• Appoint a proxy online athttps://www.boardroomlimited.com. au/agm/aristocrator return a hard copy Proxy Form

ASK A QUESTION

• Shareholders are encouraged to submit any questions in writing to the Company or auditor in advance of the Meeting
• Submit a question online athttps://www.boardroomlimited.com. au/agm/aristocrator via email to [e-mail]
• Questions should be submitted by no later than 11.00am (Sydney time) on Friday, 19 February 2021

To be valid, your Proxy Form must be submitted by no later than 11.00am (Sydney time) on Wednesday, 24 February 2021

At the AGM

WATCH ONLINE

VOTE ONLINE

ASK A QUESTION

• By computer: enterhttps://www.boardroom limited.com.au/agm/aristocratinto a web browser for instructions
• By mobile device: download and use the Lumi AGM App via Apple® App Store or Google Play Store™ by searching app name 'Lumi AGM'
• Shareholders will need the following information to access the AGM:
• • AGM meeting ID: 371515416
  • Voting Access Code: located on your proxy form or AGM notification email
  • Password: your postcode registered on your holding if you are an Australian shareholder. Overseas shareholders should refer to the Virtual AGM User Guide (see below)
• Proxyholders: you will need your proxy log-in details to participate. Please contact Boardroom before the AGM on 1300 737 760 or [phone] or send an email to [e-mail] obtain details
  ATTEND BY TELEPHONE

• Only shareholders, proxyholders, body corporate representatives or attorneys can vote
• Once you have registered via the portal, the resolutions and voting choices will appear once the Chair declares the polls open

• Only shareholders, proxyholders, body corporate representatives or attorneys can ask questions
• Shareholders may direct questions during the AGM to the Chairman about the operations and management of Aristocrat, or to Aristocrat's external auditor
• Click on the 'Question' icon, compose your question and select the 'Send' icon
• Questions will be read aloud to the AGM

• Shareholders, proxyholders, body corporate representatives or attorneys who cannot access the meeting online can dial into a teleconference to listen to the live broadcast of the meeting.
• Pre-registerat http://registration.aristocrat.comto receive the dial-in number, passcode and unique access PIN
• It will not be possible to vote or ask questions by telephone

VIEW THE WEBCAST

The AGM will be webcast live. You do not need to be a shareholder or proxyholder to view the webcast. Information on how to access the webcast can be found at https://www.boardroomlimited.com.au/agm/aristocrat

FURTHER INFORMATION

More information about how to use the AGM online platform is set out in the Virtual

AGM User Guide, which is available at https://www.boardroomlimited.com.au/agm/aristocrat

2ARISTOCRAT LEISURE LIMITED | NOTICE OF 2021 ANNUAL GENERAL MEETING

CHAIRMAN'S MESSAGE

Dear shareholder,

2021 ANNUAL GENERAL MEETING

On behalf of the Board, I am pleased to invite you to attend the 2021 Annual General Meeting (AGM or Meeting) of Aristocrat Leisure Limited (Company or Aristocrat), which has been scheduled as follows:

Date: Friday, 26 February 2021

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

In response to Government mandated restrictions and the potential health risks arising from coronavirus (COVID-19) pandemic, this year the Company's AGM will be held as a virtual meeting. Although shareholders will not be able to attend the meeting physically, they will instead be able to participate through an online platform that allows you to view the AGM live, submit questions and vote

at appropriate times while the meeting is in process. To make the meeting as accessible as possible, we are providing a range of ways through which you can participate and ask questions. For more information, see page 2.

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.

Even if you plan to attend the AGM online, we encourage you to submit a directed proxy vote as early as possible so that your vote will be counted if for any reason you cannot attend (for example, if there is an issue with your internet connection on the day of the AGM that prevents you from attending online). Shareholders can lodge their proxy online at https://www.boardroomlimited.com.au/agm/ aristocrator complete and return a hard-copy proxy form by 11.00am (Sydney Time) on Wednesday, 24 February 2021. Hard copy proxy forms can be obtained by contacting the Company's share registry on 1300 737 760 or [phone] (outside Australia), or by email at [e-mail].

Shareholders are also invited to submit questions ahead of the Meeting on any shareholder matters that may be relevant to the Meeting online at https://www.boardroomlimited.com.au/agm/aristocrat. Questions must be submitted by no later than 11.00am (Sydney Time) on Friday 19 February 2021.

In the event that it is necessary for the Company to give further updates, information will be provided on the Company's website and lodged with the Australian Securities Exchange (ASX).

OVERVIEW OF THE YEAR ENDED 30 SEPTEMBER 2020

The 2020 financial year was uniquely challenging for Aristocrat, as our people and business responded to the profound impacts wrought by the COVID-19 pandemic on our people, customers, players and communities. The resilience and commitment of our team of over 6,000 employees across the year has been nothing short of extraordinary. Employee engagement scores above gaming and technology company benchmarks were achieved throughout 2020, reflecting the many steps Aristocrat took through the crisis to safeguard wellbeing, energise our culture and express our 'people first' commitment. The safety and wellbeing of our people, customers, suppliers and other stakeholders will continue to be our first priority as a business.

A Group NPATA result of $476.6 million for the 2020 fiscal year was 47% lower in reported terms than the $894.4 million delivered in 12-month period to 30 September 2019. While the Group was on track to deliver growth in line with our plans pre-pandemic, financial results for the full year were materially impacted by COVID-related customer venue closures, and the implementation of social distancing measures that have been in place across all regions of the gaming business. This impact was partly offset by excellent growth in our Aristocrat Digital business, demonstrating the benefits of our long-term strategy to diversify our revenue base.

Aristocrat enhanced our financial fundamentals and further accelerated our underlying operational momentum across the year, and maintained strong investment behind our long term growth strategy. Aristocrat also maintained significant investment in the strategic capabilities that will power future growth, including in customer experience, cyber security, data and transformation management.

We also strengthened our liquidity and balance sheet, with approximately $2 billion in available liquidity as at 30 September 2020. This positions us well to not only weather economic and industry volatility, but also to take advantage of organic and inorganic opportunities to accelerate our progress, consistent with shareholders' interests. In this context, Aristocrat also took the opportunity to review our Group growth strategy during the year, given the changes and uncertainties driven by the pandemic. While we made some adjustments in terms of emphasis and details, the foundations of our strategy were strongly validated by this review. Aristocrat is therefore entering the new fiscal year fully aligned behind a refreshed growth vision, with updated priorities and the confidence to accelerate execution in the period ahead.

GOVERNANCE AND TALENT

Throughout the year, the Board maintained its strategic focus, while ensuring Aristocrat continued to have strong corporate governance practices in place.

Remuneration structures were updated to ensure Aristocrat can attract and retain the critical capabilities required to execute our growth strategy and advance shareholders' interests. These changes reflect strong competition for top talent, particularly in the US technology sector in which we operate, as detailed in our Remuneration Report.

CLOSING

In summary, fiscal year 2020 was a year of unprecedented challenge for our business, from which we are emerging strongly.

I wish to particularly acknowledge and thank the Board and senior management for their commitment, focus and leadership throughout the period. I also reiterate the Board's gratitude to Aristocrat's employees, whose compassion and care for each other, along with their absolute determination to deliver on commitments and willingness to adapt and innovate has been vital to getting the business to where it is today.

While we cannot predict how the pandemic will affect our operating environment in the future, we are fully focused on what we can control, and are entering the 2021 financial year with excellent operation momentum, a proven strategy, strong team engagement and belief. We believe we are well placed to maintain our long-term trajectory of high-quality sustainable growth for the benefit of our shareholders and all stakeholders.

Finally, I wish to thank you - our shareholders - for your ongoing interest and support.

Yours sincerely

NEIL CHATFIELD

Chairman

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