a specific performance obligation on the Lim Family.

TERM LOAN FACILITY

(1) General

On 27 November 2010, (1) the Company as the borrower, entered into the Facility Agreement

with, inter alia, (2) Credit Agricole Asia Shipfinance Limited as the agent and security agent; (3)

Crédit Agricole Corporate and Investment Bank, DnB NOR Bank ASA, Singapore Branch,

Maybank Investment Bank Berhad, RHB Bank (L) Ltd., The Hongkong and Shanghai Banking

Corporation Limited and Oversea-Chinese Banking Corporation Limited as mandated lead

arrangers; and (4) Crédit Agricole Corporate and Investment Bank, DnB NOR Bank ASA,

Singapore Branch, Malayan Banking Berhad, RHB Bank (L) Ltd., The Hongkong and Shanghai

Banking Corporation Limited and Oversea-Chinese Banking Corporation Limited as

underwriters and original lenders, for the purpose of refinancing certain loans in respect of

various vessels of the Group and for general corporate and working capital purposes of the Group.

The Facilities comprise the Term Loan Facility and the Revolving Loan Facility in an aggregate

amount of up to USD Six Hundred Million (US$600,000,000). The final maturity date of all

outstanding amounts under the Facilities will be the date falling eighty-four (84) months from the

Closing Date or 28 February 2018, whichever is the earlier

(2) Specific Performance Obligation imposed on the Lim Family

The Facility Agreement contains a specific performance obligation imposed on the Lim Family.

The Lim Family is required, together or individually, directly or indirectly, to hold the largest

percentage of the issued share capital of, and equity interest in, the Company. The Lim

Family’s holding shall include any interest which the Lim Family, together or individually, is

deemed to hold in accordance with Part XV of the SFO (

any interest in the Company held by GENT, GENM and their respective Affiliates.Disclosure of Interests) and in addition,

(3) Impact of non-compliance with the Specific Performance Obligation imposed on the Lim

Family

If there is a non-compliance with the specific performance obligation imposed on the Lim Family

set out above on or before the First Utilisation, it will constitute an event of default. At any

time after the occurrence of an event of default which is continuing, the agent for the Facilities

may, and shall if so directed by the Majority Lenders, (i) terminate the obligations of the Lenders

under the Facility Agreement; (ii) declare all or part of the loan outstanding under the Facilities

together with accrued interest and all other outstanding payment be immediately due and payable;

and/or (iii) exercise any or all rights or remedies under the Facility Agreement and related

finance documents. If there is a non-compliance of the specific performance obligation after the

First Utilisation, it will constitute a prepayment event under the Facility Agreement and the agent

for the Facilities may, and shall if so directed by the Majority Lenders, (i) cancel the total

commitments of the lenders under the Facility Agreement; and (ii) declare all or part of the loan

outstanding under the Facilities be payable within 90 days. The occurrence of the aforesaid

events may trigger default provisions under other loan facilities of the Group, whereupon the

relevant lenders could demand immediate repayment of all sums outstanding under such other

loan facilities.

GENERAL

As at the date of this announcement and for the purpose of the said specific performance obligation, the

Lim Family, together or individually, directly or indirectly, holds approximately 76.19% of the issued

share capital of the Company, the largest percentage of the issued share capital of the Company.

This announcement is made pursuant to Rule 13.18 of the Listing Rules. In accordance with the

requirements pursuant to Rule 13.21 of the Listing Rules, disclosure will be included in the interim and

annual reports of the Company for so long as the said specific performance obligation imposed on the

Lim Family under the Facility Agreement continues to exist.

sounds good !

Andrew Tan's Alliance Global says to sell 5% of firm

Taiwan – laying the foundation.

Focusing on Taiwan, GENHK’s Taiwan routes have turned in a US$3-4m profit in 1H10, vs. last year’s US$5m loss. Efforts in Taiwan serve to position the group to explore land-based casino opportunities going forward. On the macro front, we learnt that a draft legislation is expected to go to the national assembly by year-end, followed by one or several referendums to seek local residents’ approval for the opening of casinos on the outlying islands. It was disclosed that a legal firm and a consultant firm has been appointed by the Ministry of Transport to spearhead efforts to bring about Taiwan’s first integrated resorts (IRs).

Comments here appear consistent with our earlier understanding that Taiwan-led expansion efforts would likely be led by GENHK rather than affiliated company, Genting Singapore, which could have its eyes set for other potential new gaming jurisdictions such as Japan. Management is bullish about prospects for all. Strategically, management is observing cultural changes that could drive their Asian cruise business over the next five years. Meanwhile, it is also bullish on NCL’s outlook following the Jun-10 delivery of its new ship, the Norwegian Epic

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GENTING  PENGHU

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