Star Entertainment : Revised Securities Trading Policy

1 August 2017‌

In accordance with ASX Listing Rule 12.10, The Star Entertainment Group Limited advises that its Securities Trading Policy has been revised.‌

Attached is the revised Securities Trading Policy which is effective from 1 August 2017.

A copy of the revised policy can also be found on the company's website at https://www.starentertainmentgroup.com.au/corporate-governance.‌

STARENTERTAINMENTGROUP. COM. AU T + 61 7 3228 0000‌

THE STAR ENTERTAINMENT GROUP LTD ABN 85 149 629 023

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THE STAR ENTERTAINMENT GROUP LTD

GENERAL INFORMATION 1

1. Purpose 1

2. Who the Policy Applies to 1

3. Breach of Policy 2

   DETAILED INFORMATION 2

4. The Star Entertainment Group securities covered by this policy 2

5. Prohibition on insider trading at all times 2

6. Trading and Blackout Periods 4

7. Clearance required for dealing in securities by Directors, Executives and

   Executive Direct Reports at any time 5

8. Excluded Trades 7

9. Margin lending 8

10. Prohibition on short selling 8

11. Prohibition on hedging 9

12. Further information about this policy 9

13. Review 9

Related Information

• Corporations Act 2001 (Commonwealth) Part 7.10 Division 3 - sections 1042 to 1043 (insider trading)

• Australian Securities Exchange Listing Rules 3.19A, 12.9-12.12, 19.12 and Appendices 3X, 3Y and 3Z

• Australian Securities Exchange Guidance Note 27 - Trading Policies

• Minimum Shareholding Policy - Non-Executive Directors

• Minimum Shareholding Policy - Key Management Personnel

• Minimum Shareholding Policy - Executives

Securities Trading Policy | 1 August 2017

1. Purpose

   This policy aims to promote integrity and ethical behaviour consistent with the Code of Conduct of The Star Entertainment Group Limited (The Star Entertainment Group), by minimising the risk of insider trading, or the perception of insider trading.

   This policy sets out:

   • a summary of the insider trading law;

   • obligations and responsibilities of directors, employees, contractors and their associates;

   • details of the Blackout Periods and other matters regarding the trading of securities by The Star Entertainment Group's directors (Directors), employees, contractors and their associates;

   • the procedures for obtaining clearance to trade in The Star Entertainment Group securities;

   • exceptional circumstances in which trading may be permitted with prior written clearance; and

   • the types of trading that are excluded from the policy.

2. Who the Policy Applies to

This policy applies to all employees of The Star Entertainment Group, its subsidiaries and associate companies, including:

• Directors and other officeholders;

• permanent full-time and part-time employees;

• employees on a fixed term or fixed task contract;

• casual employees;

• temporary employees; and

• all individual contractors and employees of incorporated contractors engaged by The Star Entertainment Group, its subsidiaries or associate companies;

(together referred to in this policy as Employees).

It also extends to any person or entity which might in the circumstances be reasonably associated with The Star Entertainment Group (such as joint venture partners) or any of its Directors or Employees (such as spouses, de-facto partners, dependent children, family trusts, family companies, self-managed or other superannuation funds and entities which are controlled by these persons) (together referred to in this policy as Associates).

This policy is not contractual and does not give Employees any enforceable rights.

Securities Trading Policy | 1 August 2017 Page 1 of 9