15 Feb 2021

Senior Executive Changes

Crown Resorts Limited ABN 39 125 709 953 Level 3, Crown Towers, 8 Whiteman Street, Southbank VIC 3006 ASX/MEDIA RELEASE FOR IMMEDIATE RELEASE 15 February 2021 SENIOR EXECUTIVE CHANGES MELBOURNE: Crown Resorts Limited (ASX: CWN) (Crown) announced today that Helen Coonan would assume the role of Executive Chairman on an interim basis , effective immediately. Ken Barton has today stepped down from his role of Chief Executive Officer and Managing Director with immediate effect. Helen Coonan will lead the company as Executive Chairman while the Board oversees a searc h for a new Chief Executive Officer . Crown Executive Chairman Helen Coonan said “I would like to thank Ken for his dedication and commitment to Crown. Ken joined Crown more than a decade ago and has played an invaluable role with the business, initially a s CFO and in the past year as CEO. Ken has always put the interests of Crown first. “Assuming the role of Executive Chairman is a decision I have not taken lightly but the Board feels it provides leadership stability and certainty at this important time f or the business. The Board is determined to maintain the momentum as Crown takes significant steps to improve our governance, compliance and culture. Working closely with the NSW Independent Liquor and Gaming Authority and regulators in Victoria and Wester n Australia, I will continue to lead on implementation of Crown’s ambitious reform program.” Mr Barton will continue to assist the Executive Chairman in coming weeks to ensure a smooth handover. Ken Barton said "I would like to thank the Crown Directors for the opportunity to work with them on implementing Crown’s strategy. Over the past 10 years, Crown has established itself as a great Australian company with world - class assets and I am absolutely certain the business is now on the right path a s it works to restore confidence in its operations. I am committed to assisting with the transition to new leadership. Mr Barton will receive entitlements agreed under the terms of his employment contract (a summary of which is included in Crown’s Annual Report) and otherwise as required by law, by the terms of applicable company policies and the Senior Executive Incentive Plan and the Crown Digital Senior Executive Incentive Plan. ENDS This announcement was authorised for release by the Crown Board. Investor and Analyst Enquiries – Matthew Young, Investor Relations, 03 9292 8848. Media Enquiries – Natasha Stipanov, Corporate Affairs, 03 9292 8671. COPIES OF RELEASES Copies of previous media and ASX announcements issued by Crown are available at Crown's website at www.crownresorts.com.au
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