1 December 2003

Market Information Services
New Zealand Exchange Limited
Level 9, ASB Bank Tower
2 Hunter Street
WELLINGTON

BY EMAIL

Dear Sir/Madam

Re: Skycity Adelaide Development

SKYCITY Entertainment Group Limited advises that it will tomorrow announce the first stage of a proposed three year programme for the development of its SKYCITY Adelaide property.

Yours faithfully

Alistair Ryan
General Manager Corporate