• SEG divests final 30.6% stake in Perth Wildcats for $12 million
• Completes staged divestment of Wildcats ownership
• Demonstrates SEG's ability to generate significant equity value

Sports Entertainment Group Limited (SEG) has announced the completion of the final two stages of its accelerated exit from the Perth Wildcats Basketball Pty Ltd. SEG has now sold its entire 100% ownership interest in the Perth Wildcats. Stage 1 of the transaction was completed on 14 August 2024, with SEG divesting 52.5% of its ownership interest for approximately $21 million. Stage 2 was completed on 3 November 2025, with a further 16.9% sold for $6.5 million. SEG has now completed both previously disclosed Stages 3 and 4, resulting in the sale of its final 30.6% interest for $12 million. This concludes SEG's staged divestment of the Perth Wildcats. SEG CEO Craig Hutchison stated that owning and growing the Perth Wildcats has been the biggest honor in the company's 20-year history, and that while they exit as owners, they remain Wildcats fans as a business and wish the new owner, Mark Arena, every success in the pursuit of an 11th Championship.