Genting Hong Kong : MAJOR TRANSACTION IN RELATION TO THE DISPOSAL OF UP TO 35% INTEREST IN DREAM CRUISES - UPDATE ANNOUNCEMENT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

MAJOR TRANSACTION

IN RELATION TO THE DISPOSAL OF UP TO 35% INTEREST

IN DREAM CRUISES

UPDATE ANNOUNCEMENT

Reference is made to the announcement of the Company dated 6 August 2019 and the circular of the Company dated 24 September 2019 (the "Circular") in relation to the Disposal. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that the Initial Closing took place on 31 October 2019 (after trading hours). The number of Initial Tranche Shares acquired by the Purchaser was approximately 322 common shares in Dream Cruises (representing approximately 32.2% of the issued share capital of Dream Cruises), and the Initial Closing Consideration paid by the Purchaser was US$453,909,010.47 (subject to an upward or downward post-Closing Consideration Adjustment as described in the Circular).

By Order of the Board

Tan Sri Lim Kok Thay

Chairman and Chief Executive Officer

Hong Kong, 1 November 2019

As at the date of this announcement, the Board comprises two Executive Directors, namely Tan Sri Lim Kok Thay and Mr. Lim Keong Hui, and three Independent Non-executive Directors, namely Mr. Alan Howard Smith, Mr. Lam Wai Hon, Ambrose and Mr. Justin Tan Wah Joo.