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This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase, or subscribe for any securities.

Magnum Entertainment Group Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2080) ANNOUNCEMENT PURSUANT TO RULE 3.8 OF THE TAKEOVERS CODE UPDATE OF NUMBER OF THE RELEVANT SECURITIES OF THE COMPANY

Reference is made to the joint announcement of Magnum Entertainment Group Holdings Limited (the "Company") and Huiri Limited dated 18 March 2015 (the "Announcement") and the announcements made by the Company dated 12 March 2015 and 24 March 2015 pursuant to Rule 3.8 of the Takeovers Code. Unless otherwise defined, terms used in this announcement shall have the same meanings as those used in the Announcement.

The Board wishes to announce that on 30 March 2015, 556,000 Shares were allotted and issued by the Company pursuant to the exercise of 556,000 options granted under the share option scheme of the Company at an exercise price of HK$0.99 per Share. Amongst these 556,000 Shares, 100,000 Shares were allotted and issued to Mr. Chan Nim Leung Leon, a class (2) associate (as defined in the Takeovers Code) of the Company, upon exercise of his options at the aforesaid exercise price.

As at the date of this announcement (after the allotment and issuance of Shares as described above), there are 314,002,000 Shares in issue and 1,282,000 outstanding options granted under the share option scheme of the Company. Save for the aforesaid, the Company has no other relevant securities (as defined in Note 4 to Rule 22 of the Takeovers Code) as at the date hereof.

The associates (as defined in the Takeovers Code, including any person holding 5% or more of a class of relevant securities) of the Company are hereby reminded to disclose their dealings in any securities of the Company pursuant to the requirements of the Takeovers Code. Reproduced below is the full text of Note 11 to Rule 22 of the Takeovers Code:

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''RESPONSIBILITIES OF STOCKBROKERS, BANKS AND OTHER INTERMEDIARIES
Stockbrokers, banks and others who deal in relevant securities on behalf of clients have a general duty to ensure, so far as they are able, that those clients are aware of the disclosure obligations attaching to associates and other persons under Rule 22 and that those clients are willing to comply with them.
Principal traders and dealers who deal directly with investors should, in appropriate cases, likewise draw attention to the relevant Rules. However, this does not apply when the total value of dealings (excluding stamp duty and commission) in any relevant security undertaken for a client during any 7 day period is less than HK$1 million.
This dispensation does not alter the obligation of principals, associates and other persons themselves to initiate disclosure of their own dealings, whatever total value is involved.
Intermediaries are expected to co-operate with the Executive in its dealings enquiries. Therefore, those who deal in relevant securities should appreciate that stockbrokers and other intermediaries will supply the Executive with relevant information as to those dealings, including identities of clients, as part of that co-operation.''

By order of the Board

Magnum Entertainment Group Holdings Limited Chan Chi Wah

Executive Director

Hong Kong, 30 March 2015

As at the date of this announcement, the executive Directors are Mr. Chan Chi Wah, Ms. Mok Kung Yee, Ms. Tsang Kwok Shan, Sandy and Mr. Lam Jhug Ching; the non-executive Director is Mr. Yip Mow Lum; and the independent non-executive Directors are Mr. Yung Ha Kuk, Victor, Mr. Leung Chun Kuen, Noel and Mr. Lam Kwok Fai, Osmond.
The Directors jointly and severally accept full responsibility for 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.

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