Emperor International : US$250,000,000 4.5% Notes Due September 2023 - Purchase and Cancellation of Part of the Notes

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The securities have not been, and will not be, registered under the U.S. Securities Act, or the securities laws of any state of the United States or other jurisdiction and the securities may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state or local securities laws.

(Incorporated in Bermuda with limited liability)

(Stock Code: 163)

US$250,000,000 4.5% Notes Due September 2023

(Stock Code: 40367)

PURCHASE AND CANCELLATION OF PART OF THE NOTES

This announcement is made by the board of directors (the "Board" or "Directors") of Emperor International Holdings Limited (the "Company", together with its subsidiaries collectively referred to as the "Group") pursuant to Rule 37.48(a) of the Rules Governing the Listing of Securities ("Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Reference is made to (1) the notice issued by the Company on 4 September 2020 regarding, inter alia, the issue of the 4.5% notes due September 2023 in the principal amount of US$250,000,000 (the "Notes") by the Company and the listing of the Notes on the Stock Exchange; and (2) the announcements of the Company dated 3 December 2021, 10 December 2021, 14 December 2021, 22 December 2021, 31 December 2021 and 14 January 2022 regarding cancellation of part of the Notes.

The Board hereby announces that on 19 January 2022, the Company has further cancelled an aggregate principal amount of US$16,500,000 of the Notes, representing 6.6% of the principal amount of the Notes originally issued. After such cancellation, the outstanding aggregate principal amount of the Notes is US$121,440,000, representing approximately 48.6% of the initial principal amount of the Notes.

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