Aristocrat Leisure : Notice of 2017 Annual General Meeting and Proxy Form

23 January 2017

Company Announcements Office Australian Securities Exchange Limited Exchange Centre

20 Bridge Street

Sydney NSW 2000

In accordance with Listing Rule 3.17, please find attached the Notice of

Meeting and Proxy Form for the Company's Annual General Meeting, to be held on Monday, 27 February 2017.

The Annual Report for the 12 months ended 30 September 2016 was previously released to the ASX on 22 December 2016.

These documents will be dispatched to shareholders today in accordance with their elections.

These documents are also available on the Group's website at www.aristocrat.com.

Yours sincerely

A Korsanos

Chief Financial Officer & Company Secretary

Building A, Pinnacle Office Park, 85 Epping Road, North Ryde NSW 2113 PO Box 361, North Ryde BC NSW 1670, Australia

Telephone +61 2 9013 6000 fax +61 2 9013 6200 web www.aristocrat.com

ARISTOCRAT LEISURE LIMITED

Dear shareholder

2017 ANNUAL GENERAL MEETING

On behalf of the Board, I am pleased to invite you to attend the 2017 Annual General Meeting of Aristocrat Leisure Limited (Company or Aristocrat) which has been scheduled as follows:

A map and transportation instructions follow for your information.

The Company's showroom will be open from 10.00am and I invite you to come and see our exciting range of games which will be on display.

If you would like to attend the Meeting, please bring the enclosed proxy form with you, as the barcode printed on it will assist your registration and admission.

The Notice of Meeting in the following pages details the business of the Meeting and, together with the Explanatory Statement, contains important information in relation to the matters to go before shareholders.

Shareholders unable to attend the Meeting will be able to watch and listen to proceedings via webcast which will be accessible from a link on the Company's website. Please note that viewing the webcast does not count as attendance at the Meeting.

If you are unable to attend the Meeting but wish to appoint a proxy, please complete and return the enclosed proxy form so that it is received prior to 11.00am on Saturday, 25 February 2017.

We have also enclosed a form for those who cannot attend the Meeting but would like to submit questions on any shareholder matters that may be relevant to the Meeting.

Overview of the year ending 30 September 2016

Aristocrat reported outstanding performance over the 2016 fiscal year, further extending the business' trajectory of consistent and high quality growth in NPATA (net profit after tax and before amortisation of acquired intangibles). Group revenue increased in an otherwise flat market by more than 34% in reported terms and 30% in constant currency, to a record for our business of over $2 billion. Once again, this progress was achieved through Aristocrat's industry leading product portfolio and operational performance, which drove market share growth and improved returns across our core segments in Class II, Class III and Digital social gaming.

The business' robust balance sheet ensures Aristocrat can continue to promote shareholders' longer-term interests by investing for growth both organically and inorganically, wherever compelling, accretive opportunities are identified. Aristocrat's sustained momentum, strong cash flows and swift progress in reducing gearing levels over the course of the 2016 fiscal year have also allowed the Board to deliver a significant increase in earnings per share, consistent with our commitment to lift dividends over time.

The Board has made excellent progress in implementing and delivering on its plan to renew in an orderly way, and to expand the Board's overall skill set. Over the course of the calendar year, the Board welcomed Arlene Tansey, Sylvia Summers Couder and Pat Ramsey, who collectively contribute valuable expertise in strategy, corporate and investment banking, high tech industry, digital technology and gaming (specifically in the Group's largest market of North America). The Board supports the election of these new Directors by shareholders at the Annual General Meeting on Monday, 27 February 2017.

People and culture continued to be a key focus for the business throughout 2016. Highlights included a further increase

in global staff engagement and the rollout of significant leadership and organisational development initiatives, to support Aristocrat's growth ambitions.

While coming after the end of the 2016 fiscal year, it is relevant to note the CEO leadership transition announced in early November. The Board was delighted to name Trevor Croker CEO Elect, to take over from Jamie Odell on 1 March 2017. The

appointment of a highly regarded internal leader to succeed Jamie underlines both the quality of Aristocrat's executive ranks and the importance the Board places in ensuring appropriate continuity in terms of strategy, momentum and culture, in the interests of shareholders and other key stakeholders.

In short, fiscal year 2016 has been another highly successful and rewarding year for Aristocrat. I encourage shareholders to attend the Annual General Meeting on Monday, 27 February 2017, which will be an opportunity to meet Trevor Croker and farewell Jamie Odell after a remarkably successful tenure that has transformed the business and delivered significant rewards for shareholders.

Thank you for your continued interest, and support.

Yours sincerely

Ian Blackburne

Chairman