ASX Announcement

2 February 2021

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 Paradice Investment Management Pty Ltd (ABN 64 090 148

  1. and its associated entities became a substantial shareholder of the Company on 28 January 2021, with relevant interests held totalling 48,621,625 ordinary shares, representing 5.107% 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.

Authorised by:

Paula Martin

Company Secretary

STARENTERTAINMENTGROUP.COM.AU

T + 61 7 3228 0000

THE STAR ENTERTAINMENT GROUP LTD

ABN 85 149 629 023

Level 3, 159 William Street, Brisbane QLD 4000

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Star Entertainment Group Limited published this content on 02 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2021 22:57:01 UTC.