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

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MAJOR TRANSACTION

IN RELATION TO THE DISPOSAL OF UP TO 35% INTEREST

IN DREAM CRUISES

UPDATE ANNOUNCEMENT

Reference is made to the announcements of the Company dated 6 August 2019 and 1 November 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 Second Closing took place on 31 January 2020 (after trading hours). The number of Second Tranche Shares acquired by the Purchaser was approximately

3.58 common shares in Dream Cruises (representing approximately 0.36% of the issued share capital of Dream Cruises), and the Second Closing Consideration paid by the Purchaser was US$5,036,456.26 (taking into account the 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, 2 February 2020

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.