PACIFIC STAR NETWORK LIMITED (PNW)

name changed to Sports Entertainment Group Limited

The suspension of trading in the securities of Pacific Star Network Limited will be lifted immediately following the release by PNW of an announcement regarding the extension of its debt facility.

The company has extended its existing $15.0 million debt facility with its existing financier. The facility will provide an additional $13.5 million of debt funding predominantly for working capital purposes. The debt facility extension has been credit approved with final documentation being prepared. PNW expects to have the facility available by 11 March 2020. The combined $28.5 million of debt facilities expire on 31 August 2021. PNW had fully drawn its existing $15.0 million debt facility as of 30 April 2020. Working capital requirements have been supported by operating cash flows and equity raised at the time of the Crocmedia merger. PNW has signed an agreement to acquire the Spirit 621AM radio broadcasting licence1 in Southwest/Bunbury, Western Australia. PNW is pleased to announce its launch of SENTrack, Australia's first independent racing, harness and greyhound radio racing service. SENTrack will offer racing fans previews, analysis, insights and reviews of key races across the country. In response to COVID-19 impacts, PNW has: increased its available working capital; reduced its workforce, worked with employees to implement pay reductions, reduce hours and use leave balances and been assisted by the JobKeeper Payment scheme; been working with landlords on rent relief and deferrals; ceased all capital expenditure plans; and been working with key stakeholders to agree on fair compensation for contracted costs not able to be serviced and potential revisions or terminations of those contracts. PNW anticipates the end of its voluntary suspension and reinstatement to quotation of its securities on ASX from the resumption of trading on Friday, 1 May 2020.

In accordance with the terms of the 2018 Pacific Star Network Performance Rights Plan, the following performance rights have been forfeited as a result of an employee resigning from the Company: 2018 - 685,017 - 30 June 2021 (vesting date).

PNW is expecting formal approval on funding from its financiers during that period. PNW is also continuing discussions with clients on forward bookings and suppliers, landlords and other stakeholders about their arrangements with PNW. The continued uncertainty surrounding the AFL and NRL seasons is also impacting the ability to inform the market. PNW will provide an update of activities prior to the commencement of normal trading on Friday, 1 May 2020.

The company requests a continuation of its voluntary suspensio for a further two weeks as it continues to assess the impact of the COVID-19 pandemic on its business. PNW is reviewing its staffing structure and working with its clients, sporting bodies, financier and suppliers to reach a position to inform the market. PNW will provide an update of activities prior to the commencement of normal trading on Friday, 17 April 2020. In the meantime, PNW withdraws its previously provided guidance in respect of its financial performance for FY20.

65,650,301 ordinary shares issued as part of the Placement completed on March 2018, will be released from Voluntary Escrow on 16 April 2020 consistent with the terms of the underlying Voluntary Escrow Deeds. Pacific Star notes that the Voluntary Escrow shares were allotted on completion of the Placement in March 2018 and the requisite Appendix 3B was released at the time of the allotment.

The securities of Pacific Star Network Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNW, pending the release of an announcement regarding the effects of COVID-19 on its business.

The securities of Pacific Star Network Limited will be reinstated to quotation immediately, following the release of an announcement by the Company.

The company has reached agreement with Crocmedia to merge via the acquisition of 100% of the issued shares in Crocmedia in exchange for PNW shares.

The securities of Pacific Star Network Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company.

The suspension of trading in the securities of Pacific Star Network Limited (the "Company") will be lifted immediately following receipt of an announcement by the Company regarding the impact of the appointment of administrators to a joint venture entity controlled by the Company. Security Code: PNW

Following the appointment of Administrators to Melbourne Radio Operations Pty Ltd (MRO) (a joint venture entity controlled by Pacific Star Network Limited (PNW) and Macquarie Radio Network Limited (MRN)) on 2 March 2012, the Company has reviewed the financial impact of this development and wishes to advise the following: 1. The company" half year report released on 23 February 2012 provided full year EBITDA guidance of $1.3-$1.5 million; 2. The appointment of Stephen Longely and Nicholas Martin of PPB Advisory as Administrators of MRO led to the closure of Melbourne Talk Radio (MTR) radio station at 5pm on 2 March 2012. Consequently the appointment of Administrators to MRO and the cessation of MTR is likely to limit the Company" ability to recover costs from that entity in the future. In light of this, directors advise a revised full year EBITDA guidance of $0.9-$1.0 million for 2012.

the Directors of the joint venture company Melbourne Radio Operations Pty Limited (MTR), owned by Macquarie Radio Network Ltd (MRN) and Pacific Star Network Ltd (PNW), have today appointed administrators

securities suspended pending an announcement

we understand that on or about this date the company consolidated its shares 1 for 10

shares reinstated to quotation

the company announces that it has successfully placed $2 million of new equity - the share placement is being conducted in two tranches, the first being placement of 38,464,500 new shares at 4 cents per share to sophisticated investors raising $1,538,580, the second of 11,535,500 new shares at 4 cents raising $461,420 will be issued subject to shareholder approval being received for proposed issuance to a director related entity (of 9,820,000 shares representing $392,800) - it is anticipated that a meeting of shareholders will be held for this purpose in mid February 2006 - the company is in discussion with the ASX regarding their requirements for the lifting of the current share trading suspension and expects to meet the ASX requirements and have the shares requoted later this month

lodges chairman's address to shareholders

announces the completion of a senior executive team restructure

lodges first quarter cash flow report (to 30 September 2005) which reflects a deficit at operating level of $1060K

applies for the quotation of 27.6m shares

at the General Meeting on 10 October 2005, shareholders ratified the allotment and issue of 22,368,743 shares at an issue price of $0.04 per share - approval was given for the Company to allot and issue up to 15,900,000 shares to Rosh Hagiborim Pty Ltd an entity associated with Director Mr Ronald David Hall - approval was also given for the Company to allot and issue up to 2,100,000 shares to Quattrovest Pty Ltd an entity associated with Director Mr Peter Quattro

Mr Richard Szental tendered his resignation as a director of the company with effect from the 1st October 2005

releases 2005 annual report

issues Notice of Meeting for a General Meeting to be held on 10 October 2005 to consider the issue of shares to related parties

lodges preliminary final report

company announces that it has successfully placed $2 million of new equity - the share placement is being conducted in two tranches - the first being placement of 32 million new shares at 4 cents per share to sophisticated investors raising $1.28 million - the second tranche is 18 million new shares at 4 cents to entities associated with directors Mr. Ron Hall and Mr. Peter Quattro raising $ 0.72 million - the second tranche will be subject to shareholder approval

company announces that it has entered into agreements with the Voluntary Administrator of Sports Entertainment Network to purchase the Melbourne based business of that company - Mr George Buschmann has been appointed to oversee the integration of the business with that of 3MP

the directors of Sports Entertainment Network Pty Ltd (SEN) have today appointed Mr Sal Algeri and Mr Simon Wallace-Smith of Deloitte as voluntary administrators - Pacific Star Network Limited leases the 1116 AM commercial broadcasting license to SEN

shares suspended from quotation pending release of an announcement

name changed from Data and Commerce Limited