ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 11 December 2018

CROWN RESORTS LIMITED - SECURITIES TRADING POLICY

In accordance with ASX Listing Rule 12.10, attached is a copy of the updated Crown Resorts Limited Securities Trading Policy.

ENDS

COPIES OF RELEASES

Copies of previous media and ASX announcements issued by Crown are available at Crown's website atwww.crownresorts.com.au

Table of contents

page

  • 1. Purpose ............................................................................................................................. 1

  • 2. Application of this Policy ................................................................................................... 1

  • 3. Insider Trading .................................................................................................................. 1

  • 4. Restrictions on Trading and Dealing ................................................................................. 2

    • 4.1. General Restrictions ............................................................................................................. 2

    • 4.2. Closed Periods for Trading .................................................................................................... 3

    • 4.3. Short Term Trading ............................................................................................................... 3

    • 4.4. Security Interests - Incentive Plans ...................................................................................... 3

  • 5. Disposing of Securities in Exceptional Circumstances ...................................................... 3

  • 6. Approval Required for Restricted Persons ........................................................................ 3

  • 7. Excluded Trading ............................................................................................................... 4

  • 8. Insider Trading .................................................................................................................. 4

  • 9. Trading in Securities of other Companies ......................................................................... 4

  • 10. Breaches of this Policy ...................................................................................................... 4

  • 11. Policy Approval and Administration ................................................................................. 5

  • 1. Purpose

    The purpose of this Policy is to seek to ensure that Crown's directors and employees comply with the insider trading laws in the Corporations Act 2001 (Cth) when dealing in Crown securities.

    The Policy is designed to assist Crown's directors and employees in understanding their legal obligations when dealing in Crown securities and sets out:

    • (a) a summary of the insider trading prohibition;

    • (b) the closed periods during which trading is prohibited by certain individuals; and

    • (c) obligations and responsibilities for directors and employees and their close associates.

    Adherence to this Policy will preserve the reputation and integrity of Crown.

  • 2. Application of this Policy

    In this Policy, Crown includes Crown Resorts Limited and each of its subsidiaries.

    This Policy regulates dealings in Crown securities by Crown's directors and employees.

    This Policy also extends to dealings in Crown securities by any persons or entities which are close associates of Crown's directors and employees, being:

    • (a) family members of a Crown director or employee who is acting in concert with the director or employee with regard to Crown securities or is accustomed to act in accordance with the directions or wishes of the director or employee; and

    • (b) companies, trusts, partnerships or entities which are:

      • (i) managed by a Crown director or employee or their family member;

      • (ii) directly or indirectly controlled by a Crown director or employee or their family member; or

      • (iii) set up for the benefit of a Crown director or employee or their family member.

    A Crown director or employee must ensure that his/her close associates are aware of the position they hold at Crown, of the closed periods during which they cannot trade in Crown securities (if applicable) and any other restrictions that apply to that individual in this Policy.

    For the purposes of this Policy, securities include shares and other securities equivalent to shares, subordinated notes, options or rights to acquire shares or other securities equivalent to shares, bonds and other forms of securitised debt, derivatives (whether cash or physical settled) and any other security or financial product that can be traded on a financial market.

  • 3. Insider Trading

The insider trading provisions of the Corporations Act 2001 (Cth) prohibit a person (which includes a company) in possession of inside information about financial products (including securities) from:

  • (a) applying for, acquiring or disposing of those financial products (or entering into an agreement to do so);

  • (b) "procuring" another person to do any of the things set out in paragraph (a) above; and

  • (c) communicating the information to a third party where that person knows, or ought reasonably to know, that the third party would be likely to acquire, dispose of or engage in other dealings of those financial products or procure another person to do so.

A person will be taken to have procured another if that person incites, induces, or encourages or causes an act or omission by another person.

Inside information is information which is not "generally available" and, if it were generally available, a reasonable person would expect to have a material effect on the price or value of the particular financial products in question.

Information includes matters or supposition and other matters that are insufficiently definite to warrant being made known to the public and matters relating to the intentions, or likely intentions, of a person.

4.

Restrictions on Trading and Dealing

4.1.

General Restrictions

Crown directors and employees and their close associates must not, despite anything to the contrary in this Policy, trade in any Crown securities while that person is in possession of inside information.

In addition, as set out in this Policy, restricted persons must:

  • (a) first obtain the approval in writing of the Company Secretary, or in the case of the Company Secretary, the Executive Chairman prior to trading in Crown securities (see Clause 6); and

  • (b) not trade in any Crown securities during a closed period (see Clause 4.2).

For the purposes of this Policy, restricted persons are Crown directors, members of Crown's key management personnel, members of the Crown Executive Teams and participants in Crown's long term incentive schemes. Other Crown employees can be included as a restricted person upon notice in writing from the Company Secretary.

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Disclaimer

Crown Resorts Limited published this content on 11 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 December 2018 04:29:15 UTC