09:34     MELCO INT'L DEV<00200> - Announcement (8)                           

    "EGM"   an extraordinary general meeting of Melco to be                   
    convened for the purpose of considering and approving, amongst            
    others, the Service Arrangement and the transactions                      
    contemplated thereunder including the proposed Annual Caps                
                                                                              
    "Equipment Lease Agreements"   the three equipment lease                  
    agreements entered into between Mocha Slot Group Limited and              
    SJM respectively dated 24 July 2003, 3 March 2004 and 3 March             
    2004, details of which are disclosed in the announcement and              
    circular of Melco respectively dated 1 April 2004 and 23 April            
    2004                                                                      
                                                                              
    "Existing Sites"   the Original Sites and the Additional Site             
                                                                              
    "Gaming Concession Contract"   the license contract of Macau              
    for operation of games of fortune or chance or other casino               
    games dated 28 March 2002 between the Macau Government and SJM,           
    pursuant to which SJM has obtained the license rights to                  
    operate casinos in Macau for 18 years from 1 April 2002 to 31             
    March 2020                                                                
                                                                              
    "Group"   Melco and its subsidiaries from time to time                    
                                                                              
    "Hold Percentage"   the percentage of money wagered on the                
    relevant electronic gaming machine that is ultimately retained            
    and gained by the casino                                                  
                                                                              
    "Hong Kong"   the Hong Kong Special Administrative Region of              
    the People's Republic of China                                            
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    "Independent Shareholders"   shareholders of Melco other than             
    Dr. Stanley Ho and his associates, namely Madam Lucina Laam               
    King Ying, Mr. Lawrence Ho, Lasting Legend and Better Joy                 
                                                                              
    "JV Group"   the joint venture group of companies established             
    by Melco and PBL for pursuance of gaming, entertainment and               
    hospitality businesses in the Asia Pacific region (excluding              
    Australia and New Zealand) as well as in Macau, Hong Kong, the            
    People's Republic of China and Taiwan                                     
                                                                              
    "Lasting Legend"   Lasting Legend Limited, a company wholly               
    owned by Mr. Lawrence Ho                                                  
                                                                              
    "Listing Rules"   The Rules Governing the Listing of                      
    Securities on the Stock Exchange                                          
                                                                              
    "Macau"   the Macau Special Administrative Region of the                  
    People's Republic of China                                                
                                                                              
    "Melco"   Melco International Development Limited, a company              
    incorporated in Hong Kong, the securities of which are listed             
    on the Stock Exchange                                                     
                                                                              
    "Mr. Lawrence Ho"   Mr. Ho, Lawrence Yau Lung, the Managing               
    Director and Executive Director of Melco and son of Dr.                   
    Stanley Ho                                                                
                                                                              
    "Mocha Slot"   Mocha Slot Management Limited, a non-wholly                
    owned subsidary of Melco within the JV Group.                             
                                                                              
    "New Site(s)"   any other additional slot hall(s) to be                   
    operated by SJM and managed by Mocha Slot in Macau from time              
    to time                                                                   
                                                                              
    "Original Sites"   the three slot halls of SJM respectively               
    located at Hotel Royal, Kingsway Commercial Centre and San Kin            
    Yip Building in Macau                                                     
                                                                              
    "PBL"   Publishing and Broadcasting Limited, a company                    
    incorporated under the laws of Australia, the securities of               
    which are listed on the Australian Stock Exchange or if the               
    context so requires, refers to PBL Asia                                   
                                                                              
    "Placing"   the top-up placing of 75,900,000 Shares at a price            
    of HK$5.20 per Share on 15 October 2004 as disclosed in the               
    announcement of Melco dated 15 October 2004                               
                                                                              
    "Services"   such services or obligations to be provided or               
    borne by Mocha Slot under the Service Arrangement