10:06     MELCO INT'L DEV<00200> - Announcement & Resumption (10)             

    "Shares"   ordinary shares of HK$1.00 each in the capital of the          
    Company or the number of shares resulting from the proposed               
    sub-division of such ordinary shares, as the context may require          
                                                                              
    "STDM"   Sociedade de Turismo e Diversoes de Macau, S.A.R.L. a            
    company established under the laws of Macau, more than 30% of the         
    shares of which are owned by Dr. Stanley Ho and his associates            
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "Subscription"   the subscription for the Subscription Shares             
    pursuant to the Placing and Subscription Agreement                        
                                                                              
    "Subscription Shares"   the 70,000,000 Shares to be subscribed for        
    by the Vendor pursuant to the Placing and Subscription Agreement          
                                                                              
    "Takeovers Code"   the Hong Kong Code on Takeovers and Mergers            
                                                                              
    "Vendor"   Better Joy Overseas Ltd., a company owned as to 77% by         
    Mr. Lawrence Ho and as to 23% by Dr. Stanley Ho.                          
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Dr. Stanley Ho (Chairman), Mr. Lawrence Ho (Managing          
    Director) and Mr. Frank Tsui; the non-executive directors are Mr.         
    Ho Cheuk Yuet and Mr. Ng Ching Wo; and the independent non-executive      
    directors are Sir Roger Lobo, Mr. Robert Kwan and Dr. Lo Ka Shui.         
                                                                              
    By order of the Board                                                     
    Melco International Development Limited                                   
    Ho, Lawrence Yau Lung                                                     
    Managing Director                                                         
                                                                              
    Hong Kong, 17th May, 2005                                                 
                                                                              
    All the directors of the Company jointly and severally accept full        
    responsibility for the accuracy of the information contained in           
    this announcement and confirm, having made all reasonable enquiries,      
    that to the best of their knowledge, opinions expressed in this           
    announcement have been arrived at after due and careful                   
    consideration and there are no other facts not contained in this          
    announcement, the omission of which would make any statement in this      
    announcement misleading.