Further to GENM's announcement dated 16 December 2016, the Board of Directors of GENM wishes to announce GENM's completion of the second phase of its internal re-organisation of the following indirect wholly-owned subsidiaries of the Company ('Internal Re-organisation') on 29 December 2016:

(a) Genting (USA) Limited transferred its entire shareholding in Genting Americas Holdings Limited ('GAHL') to Genting East Coast USA Limited ('GECUL') for a cash consideration of GBP100;

(b) GECUL transferred its entire shareholding in Genting Americas Inc to GAHL in exchange for 21,530,001 new GAHL shares; and

(c) Resorts World Limited transferred its entire shareholding in Resorts World Capital Limited to Genting Worldwide Limited for a consideration of USD810.5 million.

As with the first phase, the second phase of the Internal Re-organisation aims to consolidate and streamline GENM's corporate structure for its existing and future operations in the North America.

None of the GENM's Directors and major shareholders and/or persons connected with them has any interest, direct or indirect, in the Internal Re-organisation.

The Internal Re-organisation is not expected to have any effect on the net assets and earnings per share of the GENM group for the financial year ending 31 December 2016.

This announcement is dated 30 December 2016.

Genting Malaysia Bhd published this content on 30 December 2016 and is solely responsible for the information contained herein.
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