SANDS CHINA : Inside Information – Results of our Controlling Shareholder, Las Vegas Sands Corp., for the Fiscal Second Quarter Ended June 30, 2017

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.

金沙中國有限公司

(Incorporated in the Cayman Islands with limited liability)

This announcement is issued by Sands China Ltd. ("SCL" or our "Company" or "Sands China") pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Capitalized terms used but not defined herein shall have the meanings ascribed to them in our 2016 Annual Report.

Our Company's controlling shareholder, Las Vegas Sands Corp. ("LVS"), is a company listed on the New York Stock Exchange (the "NYSE") in the United States. As at the date of this announcement, LVS beneficially owns approximately 70.08% of the issued and outstanding share capital of our Company.

LVS files quarterly and annual reports, including quarterly and annual financial information and certain operating statistics under Form 10-Q and Form 10-K, respectively, with the United States Securities and Exchange Commission (the "SEC"), in accordance with the ongoing disclosure obligations applicable to a publicly traded NYSE-listed company. Such filings include segment financial information about the Macao operations of LVS, which Macao operations are owned by our Company, and the filings are available in the public domain.

LVS has, on or about July 27, 2017 (4 a.m. Hong Kong time), announced its financial results for the fiscal second quarter ended June 30, 2017 (the "Quarterly Financial Results"), held its second quarter 2017 Earnings Conference Call (the "Earnings Call") and posted a second quarter results chart deck on its website (the "Chart Deck"). If you wish to review the Quarterly Financial Results prepared by LVS, which were filed with the SEC, please visit http://investor.sands.com/files/doc_financials/2017/Q2/FINAL-2Q17-Earnings-Release.pdf or https://www.sec.gov/Archives/edgar/data/1300514/000130051417000053/lvs_ex991x06302017.htm. If you wish to review the Chart Deck, please visit http://investor.sands.com/files/doc_ financials/2017/Q2/FINAL-2Q17-Earnings-Slides.pdf.

The financial results of LVS and its consolidated subsidiaries, including those contained in the Quarterly Financial Results, the Earnings Call and the Chart Deck have been prepared in accordance with the generally accepted accounting principles of the United States ("US GAAP"), which are different from the International Financial Reporting Standards ("IFRS") that we are subject to when preparing and presenting our stand-alone financial results and related financial information. As such, the financial results and related financial information set forth in the Quarterly Financial Results, the Earnings Call and the Chart Deck are not directly comparable to the financial results and related financial information that our Company discloses as a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. In particular, Average Daily Rate ("ADR") and Revenue Per Available Room ("RevPAR") as presented in the Quarterly Financial Results, the Earnings Call and the Chart Deck are based on gross room revenues as reported under US GAAP, which include associated promotional allowances within room revenues. Under US GAAP, promotional allowances are then deducted from total gross revenues in presenting net revenues. Under IFRS, room revenues exclude such promotional allowances. Our shareholders and potential investors in our ordinary shares are advised that the consolidated financial results and related financial information set forth in the Quarterly Financial Results, the Earnings Call and the Chart Deck with respect to our Company's operating results have not been prepared or presented by our Company, and there is no indication or assurance from our Company that the financial results and related financial information of our Company will be the same as that presented in the Quarterly Financial Results, the Earnings Call and the Chart Deck.

To ensure that all shareholders of and potential investors in our Company's ordinary shares have equal and timely access to the information pertaining to our Company, set forth below are extracts and key highlights of the financial results and related financial information published by LVS in the Quarterly Financial Results and the Earnings Call that relate to our Company and our operations in Macao:

Mr. Sheldon G. Adelson, chairman and chief executive officer of LVS, said, "We are pleased to have delivered a strong set of financial results during the quarter, led by another quarter of growth in Macao and a record-setting performance in Singapore(1). The benefits of our convention-based integrated resort business model remain evident in our (LVS) financial results, with adjusted property EBITDA increasing 26.5% compared to the second quarter of 2016, reaching US$1.21 billion. We also continued to return excess capital to shareholders during the quarter.

In Macao, the recovery in the market overall continued during the quarter, with market-wide gross gaming revenues increasing 21.9% in the second quarter of 2017. Our market-leading critical mass of hotel, retail and entertainment offerings on Cotai allowed us to grow our premium mass revenues by nearly 40%, an outstanding performance in this important segment, while our mass gaming revenues overall grew by 22.5%. Strong mass revenue growth, coupled with higher hotel occupancy and growth in the VIP segment all contributed to a 23% increase in our adjusted property EBITDA in Macao, which reached US$600 million in the quarter.

(1) LVS' operations in Singapore is not part of the SCL group.

The Parisian Macao continued to exhibit growth, enjoying strong visitation and delivering adjusted property EBITDA of US$106 million for the quarter. The Parisian Macao has firmly established itself as a 'must see' destination for visitors to Cotai, delivering sequential growth in hotel occupancy, ADR and gaming volumes, while mass win per day of US$2.44 million was the highest result since the property's opening last year. We expect The Parisian Macao to continue to deliver growth in the quarters and years ahead as the Macao market grows and as we continue to refine the property's service offerings to appeal to the fastest growing and most profitable segments in the Macao market.

We have invested over US$13 billion in Macao since 2002, while consistently contributing to Macao's diversification and appeal as a business and leisure tourism destination. We continue to lead the market not only in integrated resort development, but in the long-term and vital investment in the marketing of Macao as Asia's leading business and leisure tourism destination. We remain confident that our market-leading Cotai Strip portfolio of properties will continue to provide the economic benefits of diversification to Macao, help attract greater numbers of business and leisure travelers, and provide both Macao and our company with a superior platform for future growth."

On a US GAAP basis, total net revenues for Sands China increased 23.0% to US$1.82 billion in the second quarter of 2017, compared to US$1.48 billion in the second quarter of 2016. Net income for SCL increased 37.6% to US$326 million in the second quarter of 2017, compared to US$237 million in the second quarter of 2016.

The Venetian Macao generated revenue of US$687 million and adjusted property EBITDA of US$256 million in the second quarter, with an adjusted property EBITDA margin of 37.3%, reflecting 4.9% growth in adjusted property EBITDA and a 70 basis point increase in EBITDA margin compared to the second quarter of 2016. In the second quarter of 2017, there were approximately 19% fewer rooms available compared to the same quarter of the prior year. Non- Rolling Chip drop was US$1.70 billion for the quarter, with a Non-Rolling Chip win percentage of 25.7%. Rolling Chip volume was US$5.17 billion, with a Rolling Chip win percentage of 3.61%, above the expected range and the 2.73% experienced in the prior-year quarter. Slot handle was US$681 million for the quarter.

The following table summarizes the key operating results for The Venetian Macao for the second quarter of 2017 compared to the second quarter of 2016:

(In US millions) 2017 2016 $ Change Change Revenues:

(In US millions)

Rolling Chip Volume Rolling Chip Win %(1)

(1) This compares to our expected Rolling Chip win percentage of 3.0% to 3.3% (calculated before discounts and commissions). We revised the expected range due to the Rolling Chip win percentage experienced over the last several years.