IRC Limited — Capital/Financing Update 2013

Jan 21, 2013

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.

This announcement is for information purposes only, and does not constitute an invitation or an offer to acquire, purchase or subscribe for securities.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The U.S.$350,000,000 5.70 per cent. guaranteed notes due 2018 to be issued have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ Securities Act ”), or the securities laws of any other jurisdiction, and may not be offered or sold within the United States (as defined in Regulation S under the Securities Act (“ Regulation S ”)), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, such guaranteed notes will be offered and sold outside the United States in compliance with Regulation S.

Notice of Listing on The Stock Exchange of Hong Kong Limited

Lai Sun International Finance (2012) Limited

( Incorporated in the British Virgin Islands with limited liability )

U.S.$350,000,000

5.70 per cent. Guaranteed Notes due 2018

(Stock Code: 4591)

Unconditionally and Irrevocably Guaranteed by

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(Stock Code:488)

Joint Lead Managers and Joint Bookrunners

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BNP Paribas The Hongkong and Shanghai Standard Chartered Bank Banking Corporation Limited

Application has been made to The Stock Exchange of Hong Kong Limited for listing of and permission to deal in the U.S.$350,000,000 5.70 per cent. guaranteed notes due 2018 (the “ Notes ”) of Lai Sun International Finance (2012) Limited (the “ Issuer ”) guaranteed by Lai Sun Development Company Limited (the “ Company ”) by way of an issue of debt to professional investors only as described in the offering circular dated 11 January 2013. The listing of and permission to deal in the Notes is expected to become effective on or about 21 January 2013.

Hong Kong, 18 January 2013

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As at the date of this announcement, the board of directors of the Company comprises the following members:

Executive Directors: Dr. Lam Kin Ngok, Peter (Chairman) and Messrs. Chew Fook Aun (Deputy Chairman), Lau Shu Yan, Julius (Chief Executive Officer) and Lam Hau Yin, Lester; Non-Executive Directors: Dr. Lam Kin Ming and Madam U Po Chu; and Independent Messrs. Lam Bing Kwan, Leung Shu Yin, William and Ip Shu Kwan, Stephen. Non-Executive Directors:

As at the date of this announcement, the board of directors of the Issuer comprises Dr. Lam Kin Ngok, Peter and Messrs. Lam Hau Yin, Lester, Chew Fook Aun and Lau Shu Yan, Julius.

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