Macau Property Regulatory News (MPO)

Resolution

Votes For / Discretionary

% of Vote

Against

% of Vote

Withheld

% of Vote

Ordinary business

1. To receive and adopt the audited accounts, the Directors' Report, and the Auditor's Report for the year ended 30 June 2016.

57,953,180

98.40%

21,391

0.03%

923,820

1.57%

2. To approve the Directors' Remuneration Report for the year ended 30 June 2016.

57,969,536

98.42%

9,450

0.02%

919,405

1.56%

3. To re-appoint Ernst & Young LLP, who have indicated their willingness to act, as auditors of the Company to hold office until the conclusion of the next annual general meeting of the Company.

57,962,629

98.41%

7,074

0.01%

928,688

1.58%

4. To authorise the Directors to determine the remuneration of Ernst & Young LLP.

57,984,021

98.45%

0

0.00%

914,370

1.55%

5. To re-appoint Alan Clifton, who retires as a Director of the Company, in accordance with the AIC Code and Article 20.3 of the Articles.

57,697,121

97.96%

7,073

0.01%

1,194,197

2.03%

6. To re-appoint Thomas Ashworth, who retires as a Director of the Company, in accordance with the AIC Code, Article 20.3 of the Articles and Listing Rules 15.2.12A(1) and 15.2.13A.

56,957,203

96.70%

1,026,818

1.75%

914,370

1.55%

Special business

7. That the Company in accordance with Section 315 of The Companies (Guernsey) Law, 2008 (as amended) (the "Law") be approved to make market purchases (as defined in Section 316 of the Law) of its own ordinary shares either for retention as treasury shares or for cancellation, provided that:

(i) the maximum number of ordinary shares authorised to be purchased is the lower of 11,457,301 ordinary shares and 14.99 per cent of the ordinary shares in issue immediately following the passing of this resolution;

(ii) the minimum price which may be paid for an ordinary share is £0.01;

(iii) the maximum price which may be paid for an ordinary share is an amount equal to the higher of: (a) 105 percent of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List for the five Business Days immediately preceding the day on which that ordinary share is purchased; and (b) either the higher of the price of the last independent trade and the highest current independent bid at the time of purchase;

(iv) subject to paragraph (v) below, such authority shall expire at the next annual general meeting of the Company unless such authority is varied, revoked or renewed prior to such date by a special resolution of the Company in general meeting;

(v) notwithstanding paragraph (iv), the Company may make a contract to purchase ordinary shares under such authority prior to its expiry which will or may be executed wholly or partly after its expiration and the Company may make a purchase of ordinary shares pursuant to any such contract.

57,984,021

98.45%

0

0.00%

914,370

1.55%

Discontinuation vote

8. That the Company should cease to continue as presently constituted.

4,252,615

7.22%

54,645,547

92.78%

229

0.00%

New Articles Resolution

9. That conditional on Resolution 8 above NOT being passed, the New Articles, as described in the shareholder circular dated 12 October 2016 of which this Notice of Annual General Meeting forms a part, be and are hereby adopted (to the exclusion of, and in substitution for, the existing Articles) as the articles of incorporation of the Company.

58,147,767

98.62%

816,331

1.38%

229

0.00%

Management Agreement Resolution

10. THAT conditional on Resolution 8 above NOT being passed, the amendments to the management agreement between the Company and Sniper Capital Limited dated 30 May 2006 (as amended on 12 March 2014 and 26 March 2015), as described in the shareholder circular dated 12 October 2016 of which this Notice of Annual General Meeting forms a part, be and are hereby approved.

45,454,552

77.09%

816,331

1.38%

12,693,444

21.53%