Crown Resorts : Becoming a substantial holder

To Company Name/Scheme: ACN/ARSN:

Crown Resorts Ltd 125 709 953

1. Details of substantial holder (1)

   Name:

   ACN/ARSN (if applicable):

   The holder became a

   Schroder Investment Management Australia Limited 000 443 274

   20/11/2017

   substantial holder on:

2. Details of voting power

   The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

   Class of securities (4)	Number of securities	Person's Votes (5)	Voting Power (6)
   Ordinary shares	34,732,148	34,732,148	5.04%

3. Details of relevant interests

   The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

   Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
   SIMAL	Power to dispose of securities	18,451,702 Ordinary Shares
   SIMHK	Power to dispose of securities	256,280 Ordinary Shares
   SIMSL	Power to dispose of securities	16,024,166 Ordinary Shares

4. Details of present registered holders

   The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

   Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
   SIMAL	BNP Paribas Securities Services	BNP Paribas Securities Services	4,313,451 Ordinary Shares
   SIMAL	Citicorp Nominees Ltd HK	Citicorp Nominees Ltd HK	2,824,517 Ordinary Shares
   SIMAL	HSBC Custody Nominees (Australia) Ltd	HSBC Custody Nominees (Australia) Ltd	760,811 Ordinary Shares
   SIMAL	JP Morgan Custodial Services	JP Morgan Custodial Services	8,114,664 Ordinary Shares
   SIMAL	National Nominees Ltd - Melbourne	National Nominees Ltd - Melbourne	2,216,608 Ordinary Shares
   SIMAL	State Street Australia Limited	State Street Australia Limited	221,651 Ordinary Shares
   SIMSL	Citibank, London	Citibank, London	219,092 Ordinary Shares
   SIMSL	JP Morgan Chase Bk, London	JP Morgan Chase Bk, London	13,840,422 Ordinary Shares
   SIMSL	Nikkociti Trust N Banking Corp, Tokyo	Nikkociti Trust N Banking Corp, Tokyo	83,138 Ordinary Shares
   SIMSL	The Northern Trust Company, Singapore	The Northern Trust Company, Singapore	350,506 Ordinary Shares
   SIMSL	HSBC Institutional Trust Services (S) Ltd	HSBC Institutional Trust Services (S) Ltd	929,770 Ordinary Shares
   SIMSL	HSBC Bank Plc London GB	HSBC Bank Plc London GB	601,238 Ordinary Shares
   SIMHK	HSBC Institutional Trust Services (Asia) Ltd	HSBC Institutional Trust Services (Asia) Ltd	256,280 Ordinary Shares

5. Consideration

   The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

   Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
   Cash	Non-cash

   SIMAL	20/07/2017- 20/11/2017	$ 16,375,328.38	1,461,503 Ordinary Shares
   SIMSL	20/07/2017- 20/11/2017	$ 104,327,127.02	8,650,086 Ordinary Shares
   SIMHK	20/07/2017- 20/11/2017	$ 1,699,824.38	139,280 Ordinary Shares

6. Associates

   The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

   Name and ACN/ARSN (if applicable)	Nature of association
   Schroder Investment Management Australia Limited ("SIMAL")	Related Fund Manager
   Schroder Investment (Singapore) Limited ("SIMSL")	Related Fund Manager
   Schroder Investment Management (Hong Kong) Limited ("SIMHK")	Related Fund Manager

7. Address

The address of persons named in this form are as follows: