ASX Announcement

30 May 2019

To: Australian Securities Exchange

Companies Announcements Platform

20 Bridge Street

Sydney NSW 2000

NOTIFICATION OF SUBSTANTIAL SHAREHOLDING

As required under Listing Rule 3.19, The Star Entertainment Group Limited (the Company) gives notice that it has become aware that National Australia Bank Limited (A.C.N. 004 044 937) and its associated entities became a substantial shareholder of the Company on 24 May 2019, with relevant interests held totalling 46,573,645 ordinary shares, representing 5.077% of the voting power in the Company.

The Company'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 Company. The Company 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.

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 30 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 May 2019 06:43:03 UTC