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For Shag Point in South Georgia, see Bay of Isles.
Shag Point
Panorama overlooking Shag Point, on the north side of the mouth of the Shag River

Shag Point, also known by its Māori name Matakaea, is a headland and township in East Otago, New Zealand.

Shag Point is located close to State Highway 1 nine kilometres to the northeast of Palmerston, at the southern end of a long open bay known as Katiki Beach. The point itself is a hilly promontory between Katiki Beach and the mouth of the Shag River. Both the river and point take their name from the shag, a species of cormorant.

A historic Māori site, the Matakaea/Shag Point Occupation Site, is located close to the headland. It is listed as a Category II site by Heritage New Zealand.

Geologically, Shag Point is an exemplar of the Katiki Formation, and the site of the discovery of the plesiosaur Kaiwhekea katiki.

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