ASX Announcement

11 June 2019

To: Australian Securities Exchange

Companies Announcements Platform

20 Bridge Street

Sydney NSW 2000

NOTIFICATION OF CHANGE IN SUBSTANTIAL SHAREHOLDING - CORRECTION

The Star Entertainment Group Limited (ASX:SGR) advises that the attached Notification of Change in Substantial Shareholding in relation to the shareholding of Perpetual Limited (A.C.N. 000 431 827) and its related bodies corporate (including Perpetual Investment Management Limited) (Perpetual) replaces the document released to ASX on 7 June 2019.

The previously lodged document incorrectly referred to the date of change in interests of Perpetual as 28 August 2018. The correct date is 5 June 2019.

STARENTERTAINME NTGROUP.CO M.AU

T + 61 7 3228 0000

THE STAR ENTERTAINMENT GROUP LTD

ABN 85 149 629 023

ASX Announcement

11 June 2019

To: Australian Securities Exchange

Companies Announcements Platform

20 Bridge Street

Sydney NSW 2000

NOTIFICATION OF CHANGE IN SUBSTANTIAL SHAREHOLDING

As required under Listing Rule 3.19, The Star Entertainment Group Limited (The Star Entertainment Group) gives notice that it has become aware that on 5 June 2019, there was a change in the interests of Perpetual Limited (A.C.N. 000 431 827) and its related bodies corporate (including Perpetual Investment Management Limited), a substantial shareholder of The Star Entertainment Group. The interests held decreased from 97,067,358 to 87,762,781 ordinary shares, representing 9.57% of the voting power in The Star Entertainment Group.

The Star Entertainment Group's Constitution, as well as certain agreements entered into with Liquor and Gaming New South Wales and the Queensland Office of Liquor and Gaming Regulation, contain restrictions prohibiting an individual from having a voting power of more than 10% in The Star Entertainment Group. The Star Entertainment Group may refuse to register any transfer of shares which would contravene these shareholding restrictions or require divestiture of the shares that cause an individual to exceed the shareholding restrictions.

As announced by The Star Entertainment Group on 3 July 2012, Perpetual Investment Management Limited has obtained the necessary regulatory approvals to increase its potential voting power in The Star Entertainment Group up to a maximum of 15%. These approvals override the general restriction that an individual's voting power in The Star Entertainment Group must not exceed 10% without the written consent of Liquor and Gaming New South Wales and the Queensland Minister.

STARENTERTAINME NTGROUP.CO M.AU

T + 61 7 3228 0000

THE STAR ENTERTAINMENT GROUP LTD

ABN 85 149 629 023

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Star Entertainment Group Limited published this content on 11 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 June 2019 23:22:00 UTC