ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 29 DECEMBER 2017

UPDATE IN RELATION TO CROWN'S INTEREST IN CROWNBET

MELBOURNE: Crown Resorts Limited (ASX: CWN) (Crown) refers to its announcement of 14 December 2017 and announces that it has entered into an agreement for the sale of its 62% interest in CrownBet, together with loans advanced by it to CrownBet, for $150 million. The purchaser is an entity associated with other shareholders in CrownBet, including the CrownBet management team led by Matthew Tripp, or its nominee.

Completion of the transaction is scheduled to occur on or before the end of February 2018 subject to the purchaser arranging satisfactory financing.

ENDS

COPIES OF RELEASES

Copies of previous media and ASX announcements issued by Crown are available at Crown's website atwww.crownresorts.com.au

Crown Resorts Limited published this content on 29 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 December 2017 08:04:09 UTC.

Original documenthttp://www.crownresorts.com.au/Investors-Media/ASX-Media-Releases/2017/29-12-2017-Update-in-Relation-to-Crown-s-Interest

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