GENTING MALAYSIA BERHAD (GENM)

NON-BINDING LETTER OF INTENT ON PROPOSED DEVELOPMENT OF AN INTEGRATED MIXED-USE COMPLEX BY GENTING NEW YORK LLC

Genting Malaysia Berhad is pleased to announce that its indirect wholly-owned subsidiary, Genting New York LLC (“Genting NY”), has entered into a non-binding letter of intent dated 3 January 2012 with the New York State Urban Development Corporation (doing business as Empire State Development Corporation), to consider the development of an integrated mixed-use complex on real property located adjacent to the Aqueduct Racetrack, Queens, New York, United States of America (“Project”).

The proposed Project is anticipated to cost at least USD4 billion, which will include an integrated 3.8 million square feet of convention and exhibition centre with up to 3,000 hotel rooms and an expansion of Resorts World Casino New York City.

Genting NY will work closely with Empire State Development Corporation and the relevant parties, to negotiate terms in good faith, with a view of entering into a binding Memorandum of Understanding on or before 30 November 2012.