The Star Entertainment Group (SGR) EGM 2025 summary

Opening remarks and agenda

• Meeting opened with a welcome, introduction of board and executive team, and explanation of procedures for participation and voting.

• Voting to be conducted by poll on all resolutions, with instructions for both in-person and online attendees.

Specific resolutions to be voted on

• Approval for Bally's to acquire up to 53.75% of shares via convertible notes.

• Approval for Investment Holdings to acquire up to 37.33% of shares via convertible notes.

• Ratification of prior allotment and issue of tranche 1A and 1B convertible notes to Bally's and Investment Holdings.

Board and executive committee updates

• Board unanimously recommends all resolutions, citing urgent liquidity needs and lack of alternative funding options.

• If approved, board composition will change to include two Bally's nominees, one from Investment Holdings, the CEO, and additional independents.