• The Star disposes of its 50% interest in Destination Brisbane Consortium (DBC)
• The Star consolidates its position at the Gold Coast, acquiring the Joint Venture Partners' interests in Dorsett Hotel and Andaz Hotel
• The Star retains rights to future development at Gold Coast and exclusive development rights over Towers 4-5

The Star Entertainment Group Limited (ASX: SGR) has announced that the Company and various subsidiaries have entered into binding long-form documentation with Chow Tai Fook Enterprises Limited (CTFE) and Far East Consortium International Limited (FEC) (together, the Joint Venture Partners), in relation to DBC (the owner of the Queen's Wharf Brisbane Integrated Resort), DGCC (the owner of the Gold Coast joint venture assets) and other assets in Brisbane that are owned or partially owned by The Star. The Transaction involves The Star disposing of its interest in DBC (and the ultimate transition of the management of The Star Brisbane Integrated Resort to a replacement operator), consolidating its position at the Gold Coast and transferring other Brisbane assets and interests held by The Star to the Joint Venture Partners. The key aspects of the Transaction are materially consistent with the Heads of Agreement announced to the ASX on 7 March 2025. The Transaction will complete in two separate stages, with the completion of the exit from DBC being the first stage, and the completion of the remaining assets included in the Transaction (including DGCC and The Treasury Hotel in Brisbane) being subject to a separate set of conditions precedent. Completion of each stage of the Transaction is subject to satisfaction of all required conditions precedent, including receipt of applicable regulatory approvals, approval of accommodations requested by the Joint Venture Partners from the Queensland State Government, approvals from lenders to The Star, DBC and DGCC, amendments to DBC facility documentation, release of The Star's parent company guarantees in relation to DBC and other required third party consents.