### Expansion Plans

Posted on: May 13, 2014

The gaming and non-gaming attractions currently operating at Resorts World Manila, including the casino, Maxims Hotel, the Marriott Hotel Manila, the Remington Hotel, and various entertainment, retail, and dining options, comprise Phase 1 of the resort. The other planned phases comprise the Phase 2 expansion project and the Phase 3 expansions project. Excavation for the Phase 2 expansion project began in March 2011 and excavation for the Phase 3 expansion project began in May 2013. After the completion of Phase 2 and 3, there will be two hectares remaining of the Company’s approximately 11.5-hectare property at Newport City, which it may use for future expansion plans.

The following table sets forth the land area of Resorts World Manila broken down by construction phase.

Land area
(in hectares)
(approximate)
Phase 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.0
Phase 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.6
Phase 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.9
Remaining land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0
Total Resorts World Manila land site . . . . . . . . . . . . . . . . . . . . . . . . 11.5

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