Chinasoft International Limited — M&A Activity 2000

Mar 1, 2000

Listed Company Information

MELCO INT'L DEV<0200> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Melco International Development Limited (Incorporated in Hong Kong with limited liability) ANNOUNCEMENT Disposal of Jumbo Palace Restaurant Boat and Sea Palace Kitchen Boat The Directors are pleased to announce the completion of the Disposal Agreement in relation to the sale of the Jumbo Palace Restaurant Boat and the Sea Palace Kitchen Boat today. Reference is made to the press announcement of the Company dated 13 December 1999 (the `Announcement') and the circular to shareholders of the Company dated 4 January 2000 relating to the Disposal Agreement dated 10 December 1999 in connection with the disposal of the Jumbo Palace Restaurant Boat and the Sea Palace Kitchen Boat. Unless otherwise defined, terms defined in the Announcement shall have the same respective meanings when used in this announcement. The Disposal constitutes a discloseable and connected transaction of the Company under the Listing Rules and approval of the Independent Shareholders on the Disposal was obtained at an extraordinary general meeting of the Company on 21 January 2000. The Directors are pleased to announce the completion of the Disposal Agreement today. The Final Payment, which was provided under the Disposal Agreement to be payable by the Purchaser after completion on a banking day in Hong Kong falling not later than 6 months after the signing of the Disposal Agreement, has been paid by the Purchaser on completion of the Disposal Agreement. By Order of the Board Melco International Development Limited Dr Stanley Ho Chairman Hong Kong, 29 February 2000