3 March 2020

ASX ANNOUNCEMENT

SALE OF CINESTAR - TRANSACTION UPDATE

EVENT Hospitality & Entertainment Limited (the "Group") today provided an update regarding the sale of its German cinema exhibition operation ("Cinestar") to Vue International Bidco plc (the "Transaction").

The Group previously announced the sale of Cinestar subject to German Federal Cartel Office ("FCO") approval on 22 October 2018. The FCO has now provided conditional clearance for the Transaction subject to the divestment of six sites within a six-month period, and this divestment process is underway.

David Stone

Company Secretary

Further information

ASX Company Security Code:

EVT

Telephone:

+61 2 9373 6600

Contact:

David Stone (Company Secretary)

Email:

David_Stone@evt.com

EVENT HOSPITALITY & ENTERTAINMENT LIMITED | ACN 000 005 103

478 GEORGE STREET SYDNEY NSW 2000 | GPO BOX 1609 SYDNEY NSW 2001 | +61 2 9373 6600

CINEMAS | EVENT | BCC | GU FILM HOUSE | CINESTAR | MOONLIGHT

HOTELS & RESORTS | RYDGES | QT | ATURA | THREDBO

STATE THEATRE | EDGE DIGITAL | EDGE SERVICED OFFICES

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Event Hospitality and Entertainment Ltd. published this content on 03 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2020 08:25:11 UTC