Nagacorp : Delay in Despatch of Circular

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.

金 界 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

Stock code: 3918

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcements of NagaCorp Ltd. (the "Company") dated 14 April 2019 and 24 April 2019 in relation to, among other things, the Subscription Agreement and the Guaranteed Maximum Sum Design and Build Agreement (collectively, the "Announcements"). Capitalised terms used herein shall have the same meanings as those defined in the Announcements, unless otherwise stated.

As disclosed in the Announcements, the Company expected to despatch a circular (the "Circular") to the Shareholders containing, among other things, (i) further details of the Guaranteed Maximum Sum Design and Build Agreement and the transaction(s) contemplated thereunder; (ii) further details of the Subscription Agreement and the transaction(s) contemplated thereunder; (iii) the recommendation of the Independent Board Committee to the Independent Shareholders in relation to the Subscription Agreement; (iv) the letter of advice from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders in relation to the Subscription Agreement; and (v) the notice convening the EGM and other documents as required under the Listing Rules on or before 8 May 2019.

As additional time is required for the Company to prepare and finalise certain information for inclusion in the Circular, the despatch date of the Circular is expected to be postponed to a date on or around 31 May 2019.

By Order of the Board

NagaCorp Ltd.

Lam Yi Lin

Company Secretary

Hong Kong, 7 May 2019

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As at the date of this announcement, the Directors are:

Executive Directors

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

Non-executive Director

Timothy Patrick McNally

Independent Non-executive Directors

Lim Mun Kee, Michael Lai Kai Jin and Leong Choong Wah

This announcement is published on the Company's website at www.nagacorp.comand the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk.

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