Shun Tak Holdings (HKG:0242) announced that both the long stop date for completion of the Nam Van site acquisition and the completion date of the Site D acquisition have been further extended from 30 June 2012 to on or before 31 December 2013. Except for the extension of the completion dates, all the terms in respect of the acquisitions of the Nam Van site and Site D remain unchanged.

In the third quarter of 2010, the Macau Government invited Macau citizens to submit their conceptual planning proposals for the Nam Van area with a view to optimizing the benefits of the Master Plan of which the Nam Van Site and Site D comprise a portion. After receiving the planning proposals, the Macau Government has continued to review the Master Plan. It is anticipated that the Macau Government will need further time for its deliberations of the Master Plan and thereafter to finalise it. Accordingly, the Long Stop Date for the completion of the Nam Van Site acquisition and the completion date of the Site D Acquisition have been further extended by the parties to the respective agreements from 30 June 2012 to on or before 31 December 2013.