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ANZ to Raise PBL, Melco Funds

2 August 2006

AUSTRALIA – As reported by the Australian: "James Packer's Publishing and Broadcasting and its Hong Kong partner, Melco, have hired a four-bank syndicate led by ANZ to raise money for their $1.5 billion City of Dreams casino project in Macau.

"The island's casino magnate, Stanley Ho, has got the go-head to launch a $2.5 billion listing of his Macau casino company on the Hong Kong Stock Exchange.

"Investor response to the listing would partially measure the market for a possible listing of PBL-Melco's Macau assets on the Nasdaq in the US this year.

"…To arrange debt financing for City of Dreams, ANZ is leading a team that comprises Barclays, Deutsche Bank and Bank of America.

"Hong Kong sources say the fundraising could include a mixture of bonds and loans…"

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