10:50     MELCO INT'L DEV<00200> - Announcement & Resumption (13)             

    SUSPENSION AND RESUMPTION OF TRADING                                      
    At the request of Melco, the Shares have been suspended from trading      
    on the Stock Exchange at 9:30 a.m. on 18 March 2005 pending the           
    release of this announcement. Application has been made by Melco          
    to the Stock Exchange for the resumption of trading in Shares with        
    effect from 9:30 a.m. on 23 March 2005.                                   
                                                                              
    As at the date of this announcement, the Board comprises three            
    Executive Directors, namely, Dr. Stanley Ho, Mr. Lawrence Ho and          
    Mr. Frank Tsui, two Non-executive Directors, namely, Mr. Ng Ching         
    Wo and Mr. Ho Cheuk Yuet and three Independent Non-executive              
    Directors, namely, Sir Roger Lobo, Mr. Robert Kwan and Dr. Lo Ka          
    Shui.                                                                     
                                                                              
    DEFINITION                                                                
    In this announcement, the following expressions have the meanings         
    set out below unless the context requires otherwise:                      
                                                                              
    "associate"   has the same meaning as ascribed to it in the Listing       
    Rules                                                                     
                                                                              
    "Better Joy"   Better Joy Overseas Limited, a company owned as to         
    77% by Mr. Lawrence Ho and as to 23% by Dr. Stanley Ho                    
                                                                              
    "Board"   the board of Directors                                          
                                                                              
    "connected person"   has the same meaning as ascribed to it in the        
    Listing Rules                                                             
                                                                              
    "Convertible Bonds"   the First Convertible Bond and the Second           
    Convertible Bond                                                          
                                                                              
    "Consideration Shares"   11,111,111 new Shares to be allotted and         
    issued (credited as fully paid) at HK$18.00 per Share to STDM under       
    the Third Agreement as part settlement of the consideration               
    thereunder                                                                
                                                                              
    "Director(s)"   the director(s) of Melco                                  
                                                                              
    "Dr. Stanley Ho"   Dr. Ho Hung Sun, Stanley, the Chairman and an          
    Executive Director of Melco                                               
                                                                              
    "EGM"   an extraordinary general meeting of Melco to be convened          
    for the purpose of considering and approving, amongst others, the         
    Third Agreement and the transactions contemplated thereunder              
    (including the allotment and issue of the Consideration Shares)           
                                                                              
    "First Convertible Bond"   a redeemable HK$100 million 5-year             
    convertible bond carrying a right to subscribe for the new Shares         
    at HK$4.00 per Share issued by Melco to STDM on 9 November 2004           
    pursuant to the First Agreement.                                          
                                                                              
    "First Agreement"   an agreement dated 8 September 2004 entered           
    into between STDM and Melco regarding the acquisition of 50% equity       
    interests in Great Wonders by Melco from STDM for a consideration         
    of HK$100 million                                                         
                                                                              
    "Greater China region"   such territorial regions covering the PRC,       
    Hong Kong, Macau and Taiwan                                               
                                                                              
    "Great Wonders"   Great Wonders, Investments, Limited, a non              
    wholly-owned subsidiary of Melco within the JV Group. As at the           
    date of this announcement, the respective attributable interests          
    in Great Wonders owned by Melco and PBL are 42% and 28% respectively      
    and the remaining 30% is owned by STDM                                    
                                                                              
    "Great Wonders Agreement"   an agreement                                  
    dated 17 March 2005 entered into between                                  
    Melco and Melco Entertainment regarding the                               
    acquisition by Melco Entertainment from Melco of 30% equity               
    interests in Great Wonders, to be acquired from STDM pursuant to          
    the Third Agreement, for a consideration of HK$400 million                
                                                                              
    "Group"   Melco and its subsidiaries from time to time                    
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative Region of the          
    People's Republic of China                                                
                                                                              
    "Hospitality Business"   all businesses pursued or to be pursued          
    by Great Wonders in relation to the development and operation of          
    a luxury hotel housing a casino and an electronic gaming machine          
    lounge on the Land                                                        
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong