DRAFT 29/5/2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

NAGACORP LTD.

(Incorporated in the Cayman Islands with limited liability)

Stock code: 3918 ANNOUNCEMENT POSITIVE PROFIT ALERT

This announcement is made by the Company pursuant to Rule 13.09(2)(a) of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.
Based on a preliminary review of the unaudited management accounts of the Group and the information currently available to the Company, it is expected that the Group will record a significant increase in net profit attributable to shareholders for the half year ending 30 June
2015, as compared to the first half of 2014. To the best of knowledge and expectation of the management, it is expected that the Group will record a net profit of not less than US$100 million and potentially more; this figure would be expected to represent an increase of not less than 40% or potentially more over the same period last year.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by NagaCorp Ltd. (the "Company" and together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").
The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company and potential investors that the Group is expected to record a significant increase in net profit attributable to shareholders for the half year ending 30 June 2015, as compared to the first half of 2014. To the best of knowledge and expectation of the management, it is expected that the Group will record a net profit of not less than US$100 million and potentially more; this figure would be expected to represent an increase of not less than 40% or potentially more over the same period last year. The increase is largely attributable to the US$40 million receipt by the Group from certain investors with whom the Group will, together, be operating an electronic gaming machines business within NagaWorld, as announced by the Company on 28 May 2015. Having conferred with the Company's auditor, the Board understands that the sum should be recognised as realised profit at this time.
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The information contained in this announcement is based only on the Company's preliminary assessment of the unaudited management accounts of the Group and the information currently available to the Company. The actual half year results are not expected to be published until around mid August 2015.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

Hong Kong, 1 June 2015
By Order of the Board

NagaCorp Ltd. Timothy Patrick McNally Chairman

As at the date of this announcement, the directors of the Company are:

Executive Directors

Tan Sri Dr Chen Lip Keong, Philip Lee Wai Tuck and Chen Yepern

Non-executive Director

Timothy Patrick McNally

Independent Non-executive Directors

Tan Sri Datuk Seri Panglima Abdul Kadir Bin Haji Sheikh Fadzir, Lim Mun Kee and Michael
Lai Kai Jin

Please also refer to the electronic version of this announcement published on the Company's website.

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