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SJM Holdings Limited 1,250,000,000 187,500,000 1,062,500,000 4.08 1%0.004% 0.005% 1.00 880 3238D 200873 2008774.08 3.084.08 1%0.004%0.005%4.08 3.084.08 2008626

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20071231 20071231281875305 1,1073,70220051231253 6532,381200520062007 334.063341.963321.466200821 105297 10 2005 20062007123165.3% 43.5%32.3% 200520062007123169.6% 41.8%27.9% 12 70 13 1

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(i) (ii)(iii)(iv) 4

2008630 2008 6

4746 (1) 182020331 35% 3,0002,910 30291,262.1 15145,631.1 1,000.0 970.9 1.6% (2)(4) 1.4% (3)(4) 3.0% (4) (1) 88200843082 (2) 1.6% (3) 1.4% (4) 2010 2020331 7

14 182020331 2020 DTERS20071115 DTERS DTERS 8

978,580 8,33097 200551%Macau Judicial Court 20076 2008422 Moon Valley Inc.MVI (i) (ii) MVI 9

135140 200520062007 2005200620071231200520062007 2005200620071231 1231 2005 2006 2007............................................... 23,699.8 23,887.7 20,613.6........................................... 8,981.6 9,339.0 10,676.4................................................. 721.9 967.7 854.7 (1)...................................................... 3.0 1.9 1.9 33,406.3 34,196.3 32,146.6................................. (12,882.1) (13,226.5) (12,497.6) 20,524.2 20,969.8 19,649.0...................................................... 80.5...................................................... (45.0)...................................................... 146.9 137.2 105.9.................................................... 1,560.0 177.1........................................... (13,497.4) (14,569.4) (12,433.3)............................................... (3,315.9) (4,074.1) (5,864.0)...................................................... (7.1)............................................. (34.7) (3.4) 0.4..................................... 3.1 6.8 7.0.................................................... 5,386.2 2,644.0 1,493.4.......................................................... (12.7) (220.1) (0.2).................................................... 5,373.5 2,423.9 1,493.2........................................... 5,373.5 2,423.9 1,533.5............................................... (40.3) 5,373.5 2,423.9 1,493.2......................................................... 7,176.1 2,233.0 (2)............................................. 143.3 64.6 40.9 (1) 200520062007 (2) 3,750,000,000 10

1231 2005 2006 2007.................................. 1,537.4 4,695.0 8,411.8........................................ 833.2 842.2 815.0........................................... 64.7...................................... 278.9.................................. 33.5 58.2 60.6.......................... 44.0 50.8 55.7...................................................................... 187.1 219.8 221.6.............................. 164.5.................................... 196.8 202.6 145.6........................................... 400.0.................................... 3,232.0 6,068.6 10,218.4............................................... 21.0 (1)............................... 496.1 620.8 792.6.............................. 61.6 362.5.............................. 22.1 22.1 197.9.................................. 20.0 20.0 20.0.......................... 15.0 15.0 14.3.......................... 219.9 219.9 180.2.................................. 73.5 57.2 57.2.................................... 0.3 0.3 0.3........................................... 100.0 100.0.................................... 5,332.3 4,222.5 6,537.5...................................... 6,340.8 5,640.3 7,821.0 (2)............................... 4,481.6 6,214.5 5,661.8.............................. 114.9.............................. 201.7 201.7 201.7................. 67.0 178.5...................................... 17.9 15.6 14.5.......................... 7.0........................................... 88.8............................................... 12.7 220.2 21.6.............................. 100.0........................................... 26.6...................................... 4,869.7 6,830.5 6,148.1................................ 1,471.1 (1,190.2) 1,672.9.................................. 4,703.1 4,878.4 11,891.3................. 330.9...................................... 57.8 42.2 27.8.......................... 164.5.............................. 4,808.0 57.8 42.2 5,331.2............................................. 4,645.3 4,836.2 6,560.1............................................... 194.2 194.2 291.3............................................... 4,446.4 4,637.3 6,073.7............................ 4,640.6 4,831.5 6,365.0........................................ 4.7 4.7 195.1............................................... 4,645.3 4,836.2 6,560.1 (1) (2) 11

20071231 2007 1231 (1) (2) (3) 3.08............... 6,266.0 3,388.4 9,654.4 1.93 4.08............... 6,266.0 4,596.5 10,862.5 2.17 (1) 20071231 (2) 3.084.08 (3) 5,000,000,000 (4) 2008331 26.415200833162.733 8,160 1231 2005 2006 2007 % % %....................................... 23,699.8 70.9 23,887.7 69.9 20,613.6 64.1................................... 8,981.6 26.9 9,339.0 27.3 10,676.4 33.2......................................... 721.9 2.2 967.7 2.8 854.7 2.7 (1).............................................. 3.0 0.0 1.9 0.0 1.9 0.0........................................... 33,406.3 100.0 34,196.3 100.0 32,146.6 100.0..................................... (12,882.1) (38.6) (13,226.5) (38.7) (12,497.6) (38.9)......................................... 20,524.2 61.4 20,969.8 61.3 19,649.0 61.1 (1) 2005200520062007 12

1231 2005 2006 2007.......................................... 253 96.7 308 80.7 305 66.1.......................................... 653 15.2 894 11.7 1,107 9.8............................................ 2,381 0.4 2,738 0.3 3,702 0.2 20086 30 (1)(2)............................. 5.59 (3)..................................................... 0.11 (1) 2008630 (2) 200863020084 302008630 2008630 (3) 2008115,000,000,000 3.08 4.08 (1)............................. 154 204 (2)................. 1.93 2.17 (1) 5,000,000,000 (2) 5,000,000,000 50% 13

432 10% 20052007 2006 AB AB 90%10% B 1BB 100.0 1.0 200571.7612004 19.632200552.123 602006822.332006 SJM Holdings (Nominee) Limited 2008115 (1)25.7525 20082008 (2) 10.301020072007 2008331 20081231 200720083 14

39.9245.1193.58 3.084.08 46.4025.949 13 15/1611-A 22.932 OceanusThe Pearl L Hermitage 3.99210% 3.08 33.88417.495 3.388 4.08 45.965 10% 3.08 3.08 5.573 4.08 7.382 15

2008111 Brilliant Sky Investments Limited Brilliant Sky Investments Limited SJM 16

Companhia de Investimento de Fomento Predial Chong Fung Limitada2003321 sociedade por quotas SJM 49% See Lucky 51% 32 2006217 20023 282005419 STDM 17

14 6 155 Direcção de Inspecção e Coordenação de Jo os 405 Direcção dos Serviços de Estatistica e Censos Direcção dos Serviços de Finanças Early Success Limited Early Success Limited200615 100% Efort Limitada20061010 sociedade por quotas SJM 96%4% 200711 2008625 62,500,000 1989 18

Full Extent Limited Full Extent Limited200616 100% 20011130 148 Comissão Especializada Para Sector dos Jogos de Fortuna ou Azar Gabinete de Informação Financeira Grand Lisboa Hotéis e Administração, S.A.2004325 sociedade anónima Lisbon Tower Hotel Administration Company Limited Sure Vision Limited Power Boost Limited 99.8% 0.1%0.1% Grand Lisboa Investimentos em Propriedades, S.A.2004325 sociedade anónima Lisbon Tower Property Investment Company Limited Full Extent Limited Sharp Outlook Limited 99.8% 0.1% 0.1% eipo 19

1.0% 0.005%0.004% 125,000,000 62,500,000 2008 625 1.0%0.005% 0.004% 20

1,062,500,000 2008 73 2009 32747(46 200762007122008 6 Jet Asia Companhia de Aviação Jet Asia Limitada1997325 sociedade por quotas 2008619 2008710 21

Companhia de Corridas de Galgos Macau (Yat Yuen) S.A.1962 sociedade anónima 19991220 Companhia de Corridas de Cavalos de Macau, S.A.R.L.1977629 sociedade anómina de responsabilidade limitada SLOT Sociedade de Lotarias e Apostas Mútuas de Macau Limitada1987 1 12 sociedade por quotas 200722 SJM 100% PBL Melco PBL Jogos (Macau), S.A.2006510 sociedade anónima Melco PBL Nominee Three Limited 0.01% 10% Melco PBL Investments Limited 89.99% 2004617 sociedade anónima 22

50% 50% Gestão de Slot Mocha Limitada)200393 sociedade por quotas 96%4% PBL Nam Van Lake View Investimentos Limitada20031120 sociedade por quotas SJM Vast Base Limited 99.9%0.1% 455 30 23

187,500,000 PBL Consolidated Media Holdings Limited Publishing and Broadcasting Ltd1994 Grupo de Entretenimento Ponte 16 Limitada2007621 sociedade por quotas Early Success Limited 96%4% Ponte 16 Gestão, Limitada 2005613 sociedade por quotas Early Success Limited 96%4% Ponte 16 Relaões Públicas e Marketing Limitada2007831 sociedade por quotas Early Success Limited 96%4% Ponte 16 Serviços de Consultoria Imobiliária, Limitada2007109 sociedade por quotas Early Success Limited 96%4% Ponte 16 Desenvolvimento Predial, S.A.2004220 sociedade anónima SJM 50.999% 24

49% Vast Base Limited 0.001% Ponte 16 Recrutamento Limitada2007831 sociedade por quotas Early Success Limited 96%4% Ponte 16 Gestão de Estância de Veraneio e Hotéis, Limitada2007228 sociedade por quotas Early Success Limited 96%4% Ponte 16 Alianca Estratégica, Limitada2007109 sociedade por quotas SJM 51%49% Power Boost Limited Power Boost Limited200619 100% 200873 200877 125,000,000 S S 25

62,500,000 500,000 Relatório de Operações de Valor Elevado S.A. sociedade anónima 1933 See Lucky See Lucky Investments Limited2005825 50% 37.5% 12.5% 571 1.00 Sharp Outlook Limited Sharp Outlook Limited200616 100% 1972110 2008128 2008128 1972106 26

20011128 sociedade anónima 90%SJM Holdings (Nominee) Limited 10% Agência de Emprego SJM Limitada2005322 sociedade por quotas SJM Winning Reward Limited 99%1% SJM Serviços de Alimentos e Bebidas, Limitada20061115 sociedade por quotas SJM Power Boost Limited 96%4% SJM SJM SJM Investimentos Limitada 2003115 sociedade por quotas Charm Class Limited 99.9%0.1% Sky Reach Sky Reach Investments Limited200776 SJM 1982 2 9 sociedade anónima de responsabilidade limitada SJM 73.4% 21%5.6% 1962518 sociedade anónima STDM 27

STDM STDM Investimentos STDM, Limitada20011128 sociedade por quotas 99.99%0.01% PBL 2 Sure Vision Limited Sure Vision Limited200619 100% 200520062007 United Glory United Glory Company Limited Sociedade United Glory, S.A.20031219 sociedade anónima 575 28

1999924 Vast Base Limited Vast Base Limited200616 SJM 100% 2002621 sociedade anónima eipo eipo www.eipo.com.hk eipo eipo www.eipo.com.hk eipo Sociedade de Lotarias Wing Hing, Limitada196525 sociedade por quotas Winning Reward Limited Winning Reward Limited200615 SJM 100% 29

20011017 (sociedade anónima) 30

9 10 21 31

6/2002 32

Private Label Card Private Label Card 33

200574.7%200662.2% 2007 39.9% 20053342006342 2007321 36

200728 2008 422 51% 20072 2007820082 20071220086 200864200864 200843082 88 37

20072 20052006200714.38918.909 30.553 38

215 200843066.21138.13 13.6 20052006200770.9% 69.9%64.1% 39

20052007 40

能 STDM 61% 32.204% STDM 41

2007123173 200520062007134.974 145.694124.333 73 42

200520062007123114,35514,53717,467 MVI 334 MVI (i)(ii) 43

(iii) MVI 978,5808,330 97972002 51% 2008422 (i)(ii)(iii) (iv) (i) (ii)97(iii) STDM STDM STDM STDM STDM STDM STDM STDM 44

STDM 2005 STDM STDM 45

10% 2002 46

200520062007 60600550 20052006123171.76122.33 2008115 36.053525.7525 20062007123111.902 16.7292006 20072006123111.902 200612316.446 47

2008422 83805,825 37,45830,848 6,610 1 10% 118 48

2020331 20094 2006123130/2004 2007128200711 20111231 49

20121112% 200520061231 1,2001,170 12% 59 2008422 50

200941 20072,7001,490 55.1% 20086 51

2003 2005 52

2003311 (i) (ii) 8.04 2.053.583.084.08 5% 5% 54

5,000,000,0005,187,500,000 55

2008630 2008 2008630 5.592008630 510 20082008 2008630 2008 2008 56

10.04 62,500,000 5% 10.04 (i) 25% (ii) 62,500,0005% (iii) 21 United Glory 10.04 57

200873 58

S 2003/71/EC2(1)(e) (i)2000200519(5) (ii)49(2)(a)(d) 21(1) 2000 21 59

(a) (b) (1) 250(2)4,300(3) 5,000 (c) 100 (d) 3 3 2 2003/71/EC Commissione Nazionale per le Societa e la BorsaCONSOB (a) 199391385107 199822458 58 60

(b) 58302100199871 CONSOB115222531(2) (c) CONSOB (i) 289274(ii)275(1) 275(1A)275(iii) 275 (a) 4A (b) 275 (1) 274 275(2) 20 275 (2) (3) 61

(Cth)6D 6D6D (i) 708(8)708(11) 9 708(10)708 6D (ii) (i) 62

(iii) 6D 708707 6D 6D (iv) (i) (i) 2007 63

1978 (i) 19783(2)(a)(ii) (ii) 1978 (i) (ii) (19848 64

DIFC(a) (b) (c) DIFC Capital Market Authority CMACMA (i) (ii) 65

(iii) 2008710 187,500,000 15% 66

200881 187,500,000 187,500,000 7.801.00 8.041.001.031.00 67

1 9 23-C 96 35A 5A 4 43A 8B 12 2 C14 64 4B 39 13C 22 69

2 55 2 55 10 14 759 3 João Nuno Riquito & Associados Advogados 251A 301 101004 10 15 12 232301 2302 70

88 35 18 1903 8 23 1 10 3 33 388 15 71

168 200 1514 16 FCPA, FCCA, ACIS, ACS 55 11 9 23-C 96 35A 183 171712 1716 72

Avenida da Amizade n.º 555 Macau Landmark Torre Banco Seng Heng 18.º andar Macau 8 59 63 Avenida Almeida Ribeiro, n.º 61 Central Plaza, 10.º Loja C Macau Banco Weng Hang, S.A. Avenida de Almeida Ribeiro, n.ºs 221 241 Macau 88 27 Alameda Dr. Carlos DAssumpção, n.º 393 437 Edif. Dynasty Plaza, Lojas Y, Z, AA, AB Macau Avenida Dr. Mário Soares Edif. Banco da China, r/c Macau 73

40019991220 2002 2007103 50% 74

200754.1%76.1% 2007 (1) 2007 (2) 23.9% 45.9% 54.1% 76.1% 1,491 395 199720012003 2002200722.9% 20022007 160,000 33.2% 140,000 120,000 24.0% 100,000 80,000 60,000 10.3% 16.0% 30.5% 12.0% 40,000 20,000 0 2002 2003 2004 2005 2006 2007 75

20071231538,100322,800 22.7%20071,536 1,49133.2% (i)(ii) 2007 99% 2002 2003 2004 2005 2006 2007 % % % % % %......... 21,534 94.4 27,837 94.6 40,173 95.1 44,706 97.7 54,974 98.4 80,604 99.0............. 1,278 5.6 1,595 5.4 2,071 4.9 1,055 2.3 872 1.6 801 1.0............... 22,812 100.0 29,432 100.0 42,244 100.0 45,761 100.0 55,846 100.0 81,405 100.0 1231 2002 2003 2004 2005 2006 2007......................... 339 424 1,092 1,388 2,762 4,375...................... 25.1% 157.5% 27.1% 99.0% 58.4%....................... 808 814 2,254 3,421 6,546 13,267...................... 0.7% 176.9% 51.8% 91.3% 102.7%....................... 11 11 15 17 24 28...................... 0.0% 36.4% 13.3% 41.2% 16.7% 2007830806 3093002002 2007 (1) (2) % % 2002.................. 53,222 10.3 7,540 2003.................. 61,715 16.0 10,271 36.2 2004.................. 80,550 30.5 14,793 44.0 2005.................. 90,244 12.0 16,814 13.7 2006.................. 111,924 24.0 20,143 19.8 2007.................. 149,134 33.2 30,046 49.2 76

2007200645% 2002 2007 2002 2002 2003 2004 2005 2006 2007 2007 (%)............. 21.5 27.8 40.1 44.7 55.0 80.6 30.3%....... 36.3 37.1 41.6 47.1 52.2 53.3 8.0%......... 32.9 33.9 36.5 38.0 39.5 38.4 3.1% 2007 54.1% 2002221 215200783080630.3% 5485321,5361,491 22.9% 2002 77

1231 2002 2003 2004 2005 2006 2007 % % % % % %.... 15,864 73.7 21,532 77.4 28,916 72.0 28,023 62.7 35,711 65.0 54,138 67.2.. 5,436 25.3 6,067 21.8 10,627 26.5 15,466 34.6 17,268 31.4 22,975 28.5......... 224 1.0 229 0.8 621 1.5 1,214 2.7 1,993 3.6 3,489 4.3 (1).............. 10 9 9 3 2 2............... 21,534 100.0 27,837 100.0 40,173 100.0 44,706 100.0 54,974 100.0 80,604 100 20072,7001,49055.1% 20037 4520072006 24.1%1,49020086 78

221,026 24 120 2002 2003 2004 2005 2006 2007 % % % % % %........... 4,240.4 36.8 5,742.0 48.3 9,529.7 57.1 10,463.0 55.9 11,985.6 54.5 14,866.4 55.1............... 5,101.4 44.2 4,623.2 38.9 5,051.1 30.3 5,614.9 30.0 6,940.7 31.6 8,174.1 30.3............... 1,532.9 13.3 1,022.8 8.6 1,286.9 7.7 1,482.5 7.9 1,437.8 6.5 1,444.1 5.3............. 169.9 1.5 146.5 1.2 260.5 1.6 396.1 2.1 693.4 3.1 1,179.4 4.4............... 486.2 4.2 353.4 3.0 544.4 3.3 754.7 4.1 940.6 4.3 1,329.0 4.9............... 11,530.8 100.0 11,887.9 100.0 16,672.6 100.0 18,711.2 100.0 21,998.1 100.0 26,993.0 100.0 199515 30 2003 79

2005715 30 20071 2015 20082 20075 600 200610 2023 200710 80

1970 2007 67.2%19.9% 20022007 2002 2003 2004 2005 2006 2007................... 15.9 21.5 28.9 28.0 35.7 54.1............... 35% 34% -3% 28% 52%...... 2.6 3.0 5.8 10.1 11.6 16.0............... 15% 93% 74% 15% 38%............ 2.8 3.1 4.9 5.4 5.7 7.0............... 11% 58% 10% 6% 23%....................... 0.2 0.2 0.6 1.2 2.0 3.5............... 0% 200% 100% 67% 75%......................... 21.5 27.8 40.2 44.7 55.0 80.6 2007 4% 9% 20% 67% 20071231284,375 32.3% 81

1231 2002 2003 2004 2005 2006 2007......................... 339 424 713 906 1,202 1,412................... 379 482 1,560 2,963......................... 339 424 1,092 1,388 2,762 4,375......................... 25.1% 157.5% 27.1% 99.0% 58.4% (1)......................... 100% (2) 100% 85.1% 74.7% 62.2% 39.9%................... 14.9% 25.3% 37.8% 60.1% 100% 100% 100% 100% 100% 100% 1231 2003 2004 2005 2006 2007................................... 27,837.1 34,180.4 33,406.3 34,196.3 32,146.6............................. 5,992.4 11,299.5 20,777.5 48,457.3 27,837.1 40,172.8 44,705.8 54,973.8 80,603.9 PBL 3019 PBL 200220047200610 2009 20096268885 200220069 20096244039 82

200212 2004520078 20091219 4443 2005419200712 2006 PBL PBL 2007 5200862009 PBL PBL 2010 12 4039 PBL 4039 2009 2010 83

2006217 19622002 30%2002 10% 20011128 2006123121.942 160I20II20III 100.0 STDM 160I20IIIII IIIII I IIIII40III 50IIIIII 15% I IIIII United Glory 20III 2002412002 4111.601 84

2002 40 20045 3.834 20053 10 Alfa, S.A.Breve, S.A.Terra C Sub, S.A.Dinâmica, S.A.Tempo-Desenvolvimento, S.A. Propriedades Sub F, S.A.2006 58,000 Keentalent Investments Limited2007452% 51%49% (1)(2)(3) (5) 99.99% STDM (4) 0.01% (6) United Glory (7) I 80% 81.333% II 10% 10.167% III 8% 6.8% III 2% 1.7% 85

(1) 44 Lanceford Co. Ltd. 32.204% Henry Fok Foundation Interdragon, Limited 26.576%10.796% 10% 0.732%0.235% Lanceford Co. Ltd.............................................................. 26.816% Henry Fok Foundation.......................................................... 26.576% Interdragon, Limited........................................................... 10.796% Many Town Co. Ltd............................................................ 9.606% Ho Yuen Ki, Winnie #........................................................... 7.347% Ho Hung Sun, Stanley.......................................................... 5.388% Shun Tak Holdings Ltd......................................................... 4.985% Hung Hin Chun............................................................... 0.915% Shum Kwok Kuen............................................................. 0.915% Shum Yue Tim................................................................ 0.915% Shum Hong Kuen, David........................................................ 0.732% Tsoi Fok Mo Kan.............................................................. 0.595% Ho Yuen Wing, Louise......................................................... 0.457% Yip Yuen Yuen, Susie.......................................................... 0.457% Fok Chan Yin Fong............................................................ 0.457% Leong On Kei, Angela.......................................................... 0.235% Chan Un Chan................................................................ 0.235% Ho Yuen Hung, Nanette......................................................... 0.223% Lee To...................................................................... 0.183% Chan Fook Shing.............................................................. 0.183% Chan Fook Man............................................................... 0.183% Chan Fook Leung.............................................................. 0.183% Lai Ho Shuk Chun............................................................. 0.137% Wong Luen Kong.............................................................. 0.137% Wong Yiu Fai................................................................. 0.137% Ho Chiu King, Pansy........................................................... 0.117% Chui Yau.................................................................... 0.091% Fung Yuen Chak.............................................................. 0.091% Lei Mok Lan, Clara Lei......................................................... 0.091% Lei Pak Iu.................................................................... 0.091% Yip Ping Yan................................................................. 0.091% Ung Lai Tong................................................................. 0.091% San Mimi Kit Yee............................................................. 0.076% Chan Kit Ying, Sandra.......................................................... 0.076% Lui Kai Chiu................................................................. 0.059% Chung Shiu Man, Ivy........................................................... 0.046% Fung Shiu Wai................................................................ 0.046% Lee Chung To................................................................ 0.046% Tse Yuk Lin.................................................................. 0.046% Chan Choi Mei................................................................ 0.030% Chan Yuen Ling, Elaine........................................................ 0.030% Chen Jianming................................................................ 0.030% Chan Kit Yuk................................................................. 0.030% To Pui King.................................................................. 0.023%........................................................................ 100% # Ho Yuen Ki, Winnie Moon Valley Foundation Limited (2) Lanceford Co. Ltd Henry Fok Foundation Interdragon, Limited 40%60%Many Town Co. Ltd United Worldwide Investment S.A.Permanent Ltd. Braniff Assets Limited 93.30% 3.4%3.3% United Worldwide Investment S.A. 50%50% 86

(3) 200842007 (i).................................................................... 12.45%........................................................................ 11.32%........................................................... 13.23% (ii)................................................................ 8.89% (iii)............................................................... 5.08% (iv)............................................................... 1.06%........................................................... 1.18%............................................................... 46.79%....................................................................... 100.00% (i) (ii) (iii) (iv) Sharikat Investments LimitedDareset Limited Lanceford Co. Limited Beeston Profits Limited Classic Time Developments Limited St. Lukes Investments Limited LionKing Offshore Limited (4) STDM 99.99%0.01% (5) 32.204% (6) 4%3.4%3%2.55% 0.5%0.425%0.5%0.425% United Glory United Glory 1% 0.235% (7) 200210%United Glory I IIIIIAA I IIIII 2007821100 2(1.9423(2.913 10070A30BAB 10070A A30B 10% B1 BB 87

B A A SJM Holdings (Nominee) Limited 20081231 20081231 1................................. 383.4 (1)................................................ 4,854,368 Keentalent Investments Limited (2).......................... 8,000 Alfa, S.A. (2) Breve, S.A. (2) Dinâmica, S.A. (2) Propriedades Sub F, S.A. (2) Tempo-Desenvolvimento, S.A. (2) Terra C Sub, S.A. (2)........ (3) (3) (1) (2) (3) Alfa, S.A.Breve, S.A. Dinâmica, S.A.Propriedades Sub F, S.A.Tempo-Desenvolvimento, S.A. Terra C Sub, S.A.10 88

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20023 3019 PBL (1) PBL 47 88 (2) 40 (3) 46 85 39 182020331 202022626 202022626 1.6% (5) 1.6% (5) 1.6% (5) 1.4% (4)(5) 2.4% (5) 2.4% (5) 3.0% (5) 4.0% (5) 4.0% (5) (1) 200941 93

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200841715/16 11-A 2006150 104

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2008 18 20084 20072 1670157247 200620072 2007 50% 1910 13 2007123117 1,4123051,107 107

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2008430......................................... 83 142 247 200241.............................................. 52 235 673 2007211......................................... 3 100 305 200241......................................... 6 40 100 200241....................................... 10 200241 (1)........................................ 200241 (2).................................... 200241............................... 119 200691......................................... 8 200241............................... 216 200241 (3)........................... 9 1 2005131 (3).................................. 25............................. 243 2006128................................................ 153 561 1,903....................................... 105 299 200821....................................... 7 129 204 200241.............................................. 41 73 346 200241 (3).................................. 2006125......................................... 8 21 107 200515..................................... 4 45 2004102..................................... 16 52 335 200615 (4).................................. 14 21 77 2004121 (6)........................................ 12 29 85 200241......................................... 48 200527....................................... 62 221 20061223................................... 200 2005923 (3)........................... 14 200 20071228................................................ 102 599 473 1,601.................................................. 255 1,160 2,376 1,601 (1) 2007630 200820073 19SJM 1% (2) 20071025 (3) 20024112 20058845 20061252007111 3 20071228 (4) (5) 20041200638 (6) 200512 (7) 2002412006921 (8) 20053242006921 (9) 200511182006921 110

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20071231 4.9% 1.4% 1.7% 2.7% 64.1% 25.2% 200520062007236.998 238.877206.13670.9% 69.9%64.1% 1,0003002007 123175305 203,000 20052006200789.81693.390 106.76426.9% 27.3%33.2% 200712 311,107 Q 2006 4 LIVE Baccarat 113

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200520062007134.974 145.694124.333 200520062007 200520062007 360410470 118

2008 (i) (ii)(iii) 20052006200721.52924.636 23.223 119

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Millionth Customer Award 200833190 121

2004 200452007 1 24 2008331 99 2008331267 (i) 122

(ii)(iii) 20083312,242 20083319,000 2008331 316 200833118 17 150240 20083311,394 2005200 85% 123

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200520062007 13.31413.37610.142 (i)(ii) 30 125

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2010 129

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2007 18,300 978,580 8,3309797 2002 200212 General Association of the WorkersRights and Interests Council Association of STDM Workers2002719 310 2003 2008228157129 106 97 8,177.27,939.0 135

STDM (a) STDM (e)stdm 200551%Macau Judicial Court 20076 2008422(i) 23,066(ii) (iii) (iv) (ii)(iv) 83805,825 2008124 200821 37,45830,8486,610 1 10% 5 136

STDM (b) STDM (e)stdm 33 MVI MVI MVI 90%100% STDM STDM STDM 137

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(i)(ii)(iii) 300200 STDM (c)(iv) STDM (e)stdm (i)(ii)(iii) (iv) (a)(c) STDM (a)(b) (c)(iv) 139

STDM STDM STDM STDM STDM (i) (ii) STDM STDM STDM STDM STDM STDM STDM 140

2424 302002 141

(i)(ii)(iii) (iv)(v) 142

DTERS20071115 DTERS DTERS 200241 143

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(i)(ii)(iii) (i) 200241 2002200864 145

2005 10 200220 200864 200864 146

147

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20074 50 50 50 50 15 5 149

16/200116/2001 16/2001 PBL 16/2001 16/2001(i) (ii) (iii) (iv) 34/2003 150

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2008417 15/1611-A 2006217 166

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200526.9%200733.2% 200570.9%200764.1% 20052006 20079,6708,0706,610 1,5201,1709802005 20062007403020 20072 2005 20054192005 215.6 1.771 20061.771 171

Private Label Card 1231 2005 2006 2007 % % % (1).......................................... 9,906.7 73.4 10,661.6 73.2 8,902.3 71.6 (2)........................................ 1,331.4 9.8 1,337.6 9.2 1,014.2 8.2 11,238.1 83.2 11,999.2 82.4 9,916.5 79.8 (3).......................................... 2,152.9 16.0 2,463.6 16.9 2,322.3 18.7 (4)........... 81.4 0.6 83.5 0.6 109.4 0.8 2,234.3 16.6 2,547.1 17.5 2,431.7 19.5............................. 25.0 0.2 23.1 0.1 85.1 0.7............................................... 13,497.4 100.0 14,569.4 100.0 12,433.3 100.0 (1) (2) (3) (4) 20052006200740.4% 42.6%38.7% 2005200620074.436 3.8654.22633.9% 26.1%20.3% 2005200620071.1221.109 172

1.032005200620079,4309,970 1.079 1231 2005 2006 2007 % % %.......................................... 1,438.9 43.4 1,890.9 46.4 3,055.3 52.0 (1)...................................... 446.4 13.5 527.8 13.0 519.2 8.9............................................ 122.9 3.7 173.7 4.3 211.5 3.6............................................ 1,307.7 39.4 1,481.7 36.3 2,078.0 35.5................................................ 3,315.9 100.0 4,074.1 100.0 5,864.0 100.0 (1) 200451820051230 SJM 51% Smart Leader Enterprises Ltd. SJM 2004511 49% 20051230Smart Leader Enterprises Ltd. See Lucky Investments Limited 20074SJM See Lucky Investments Limited 2% 20035200512 SJM 45% 200512 173

49% 2002412004126 35%3% 16/200128 30/2004 20024120061231 200712820071120111231 2004430 200520061231 1,2001,165 20061215 2005123115.6 2007128 2005 200620071.4691.3721.059 174

15.61.872 12% 20061.7712,130 20071231 E 175

18............................................................. 2.5%7.6%............................................................... 25%.................................................. 7.6%50%........................................................... 25%............................................................... 20%............................................................... 10% 39 176

177

(i) 37(ii) 18 178

1231 2005 2006 2007 % % %............................................ 33,406.3 100.0 34,196.3 100.0 32,146.6 100.0..................................... (12,882.1) (38.6) (13,226.5) (38.7) (12,497.6) (38.9) 20,524.2 61.4 20,969.8 61.3 19,649.0 61.1............................................ 80.5 0.3............................................ (45.0) (0.1)............................................ 146.9 0.4 137.2 0.4 105.9 0.3.......................................... 1,560.0 4.7 177.1 0.5................................. (13,497.4) (40.4) (14,569.4) (42.6) (12,433.3) (38.7)..................................... (3,315.9) (9.9) (4,074.1) (11.9) (5,864.0) (18.2)............................................ (7.1) (0.1)................................... (34.7) (0.1) (3.4) 0.0 0.4 0.0.......................................... 3.1 0.0 6.8 0.0 7.0 0.0.......................................... 5,386.2 16.1 2,644.0 7.7 1,493.4 4.6................................................ (12.7) 0.0 (220.1) (0.6) (0.2) 0.0.......................................... 5,373.5 16.1 2,423.9 7.1 1,493.2 4.6 20072006 2006 341.963 20.497 6.0% 2007 321.46635%3% 2006209.69813.2086.3%2007196.49 2006238.877 32.74113.7%2007206.136 20068,318.6991,334.62716.0%2007 6,984.072(i) 2007824.7196.264 2007930726.766 204.432007930(ii)20062.9% 0.1%20073.0% 179

20061231200712319575308 30520073 2006296200731252 20068,0701,460 20076,6102007 64.1% 200669.9% 200693.39 13.37414.3%2007106.764 20072 2007221.58115.351 2007930 20061231200712318941,107 2007213235 200679720071,087 20061,1701902007980 200733.2% 2006 27.3% 20069.6961.13 11.7%20078.56620069 20064.141 200721.584 1.0472007930 20061231200712312,7383,702 2007964756 20062,76520073,475 200630102007202007 2.7% 20062.8% 20072 20078,05020072 180

20074,500 20061.3723,13022.8%20071.059 20061.1594,84020076,750 200720061.771 2006145.69421.361 14.7%2007124.333 8.6352.359 200793020072 20078200642.6% 200738.7% 2006132.08718.77214.2% 2007 113.3152006106.616 17.59316.5%200789.023 8.601 2.3342007930 20078 200624.6361.4135.7%200723.223 3402602007930 200613.3763.23424.2%2007 10.142 3,5309902007930 20078 181

20062,3106,200 268.4% 20078,510 200640.74117.89943.9% 200758.64 200618.90911.64461.6%200730.553 (i)(ii) 2006123114,5372,930200712 3117,4673,6485.318 17.4% 20065.2788601.6%20075.192 20061.7373,78021.8%20072.115 5,9504,360 2007930 2,450 200614.8175.96340.2%200720.78 2.787 2,2904,9003,610 3,200 3,0707,610 20075,0802,000 1,2002007930 2007402006 34020062007 182

20062007710 200668020 20077002007 20062.2012.199200720 2007 200624.2399.30738.4%200714.932 2007 20061.771 20074.6% 20067.1% 20062005 2005334.0637.92.4%2006341.963 35%3% 2005205.2424.4562.2%2006209.698 2005236.998 1.8790.8%2006238.877 200524520.8%2006296 20057,9973224%20068,319 20052.96%0.09%3%20062.87%2006 1231952005123181 20059,6701,60020068,070 200669.9% 200570.9% 200589.816 3.5744.0%200693.39 200 183

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200521.5293.10714.4%2006 24.6362006 200513.3146200.5%200613.376 200533.1597.58222.9% 200640.741 200514.3894.5231.4%200618.909 2005123114,355 1822006123114,537 20054.4648,14018.2%20065.278 2006123142 2005123127 20051.2295,08041.3%20061.737 2,450 200513.0771.7413.3%200614.817 2006 4,790 20053,470 3,13020063402006 2006 2005 185

2005310370 20066802006 200220032004 3,50020042,3302002 200320051,2001,170 2004 20061215 2005123115.6 2007128 1.872 20061.7712,13012% 200553.73529.49654.9%200624.239 200515.62006 1.77120067.1% 2005 16.1% 2007123165.3751.459 186

1231 2005 2006 2007.................................. 4,975.4 4,173.9 1,087.5.................................. (4,717.2) (4,886.0) (3,995.5).......................... (433.8) (397.7) 5,196.4....................... (175.6) (1,109.8) 2,288.4 11................................ 5,507.9 5,332.3 4,222.5.................................. 5,332.3 4,222.5 6,510.9 200641.73930.86474.0%200710.875 11.5062.277 4.564200614.8 200549.7548.01516.1%200641.739 27.4222006 14.8 2007 39.955200648.868.90518.2% 2007200621.135 200648.8630.872 23.52 1.957 187

20062005 2006 200547.1727.756 36.008 200720062005 5.0924.152200720062005 3.76 1.1156,200200751.964 49.0820063.9772006 20053.9774.338 12 188

2008430 2008430 (1)............................................ 457.9 (1)............................................ 282.6..................................................... 14.5......................................... 6.5............................................. 550.0 1,311.5................................ 501.6..................................................... 22.9......................................... 162.1............................................. 4,623.0 5,309.6.............................................................. 6,621.1 (1) 3.732 20073115 1.3 2008831 20076152007 121520071029 50 1.4%20121029 189

190 200843038.13 200762816 2.1 2012628

9 13.6 2008430 20084306.928 200731 200712172007628 20071029 2008430 191

6.8785.34 SJM 8,000SJM 6,730 SJM 650 Luck United Holdings Limited Luck United Holdings Limited 19.99% Luck United Holdings Limited 1231 1231 2005 2006 2007 2005 2006 2007..... 14.5 14.5 14.5 56.7 42.2 27.8............................. 3.4 1.1 1.1 17.9 15.6 14.5 57.8 42.2 27.8 2008430SJM SJM 2008430530510 (i)(ii) 20051231 200696 2008115 2.7302.650 2008430 11.783 76.796 20054202007331 76.79654.8542006 192

33(1) 21.942(2) 54.854 (3)76.796(4) Macau Hotel Co. Ltd. (5) 20061454.854200741 32.9132020927 2006 3354.854 54.854 2006330 76.796 54.8542007101 8,5708,3201.51.456 200731 200712172007628 20071029 20061111,5001.17 1,6501.287200712 3120200 2004 Fundação Escola Portuguesa de Macau 9,710 1.8452005123120061231200712316,550 20071231 2.7589.33211.923 193

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1.999200612312.596 200620052006 2005200620074.4% 5.2%6.1% 197

20071231 2007 1231 (1) (2) (3) 3.08.................... 6,266.0 3,388.4 9,654.4 1.93 4.08.................... 6,266.0 4,596.5 10,862.5 2.17 (1) 20071231 (2) 3.084.08 (3) 5,000,000,000 (4) 2008331 26.415200833162.733 8,160 2008630 20086 30 (1)(2)............................. 5.59 (3)..................................................... 0.11 (1) 2008630 (2) 20086302008430 2008630 2008630 (3) 2008115,000,000,000 198

50% 432 10% 20052007 2006 AB AB 90%10% B 1BB 100.0 1 200571.7612004 19.632200552.123 602006822.332006 SJM Holdings (Nominee) Limited 2008115 (1)25.7525 20082008 (2) 10.301020072007 2008331 20081231 199

200720083 20071231 20071231 200

STDM 80.0%81.333% STDM 61.0% 58.795% Lanceford Company Limited32.204% 7.625% 7.350% 2002 Melco Crown Entertainment Limited 37.9% Melco Crown Entertainment Limited PBL20069 90% Melco Crown Entertainment Limited Melco PBL Entertainment (Macau) Limited20073.5861.782 2005200620071231 2.3043.3878,720 Lanceford Company Limited1.77% 9.60% 201

PBL 200842007 (1)................ 404,041,630 (2) 117,912,694 (3) 42.49% 7,232,612 0.59%................ 411,274,242 (4) 117,912,694 (3) 43.08%................ 3,127,107 (5) 117,912,694 (3) 9.85% 18,587,789 1.51% (1) 200712311,228,475,716 (2) Lasting Legend Ltd. 115,509,0249.40% Better Joy Overseas Ltd. 288,532,60623.49% Lasting Legend Ltd. Better Joy Overseas Ltd. (3) Great Respect LimitedMPEL (Greater China) Limited 200551120059 5 Great Respect Limited 11.75 117,912,6948.76% Great Respect Limited SG Trust (Asia) Ltd. 26 26 (4) (5) Lanceford Company Limited 3,127,10718,587,789 12.37% 2.0% 202

Estoril Sol, SGPS, S.A. Estoril Sol, SGPS, S.A. Estoril Sol, S.A. Varzim Sol, S.A. Finansol-Sociedade de Controlo, SGPS, S.A.91.85%6.15% Estoril Sol, SGPS, S.A. 57.95% Estoril Sol, SGPS, S.A. Estoril Sol, SGPS, S.A................. 20.0% 16.5% 48.0%.............. 20.0% 24.2%.............. 4.0% 203

20071231 20071231............ 458.6 12.4 78.1 339 (2)........ 2,080.1 (281.1) 732.5 1,783 (2) (1)........... 6,637.5 55.2 548.9 674............ 24.8 (0.2) 19.4 43 (1) 2006 (2) 8.10 23 (i) (ii) (iii) (iv) (v) 59.0% 44.35%100% 204

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2002 AML 40 200843016,195 1,84550% 298 207

2.2082.144 208

2008618 222 0.000000181% 1. 2. 3. 5% 209

20071017 15/1611-A (i) (ii) 2008618 1. 2. 3. 210

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2007628 16 SJM.................... 8.6.................... 49%............................... 14A.65(4) 14A.......................................................................................................................... Sky Reach Jet Asia 215

2002 2008618 (i) (1) (ii) (2) (iii) (3) (iv) (4) (v) (5) (vi) (6) (vii) (7) (viii) (8) (1) (2) (3) (4) (5) (6) (7) (8) 216

6% 217

200520062007 1231 2005 2006 2007 (i) (1) 159.6 156.1 129.3 (ii) (2) 0.1 5.6 126.2 (iii) (3) 117.2 100.2 79.9 (iv) 70.0 75.7 83.5 (v) (4) 612.7 527.7 492.0 (vi) (5) 4.7 6.3 17.0 (vii) (6) 1.2 0.9 0.8 (viii) (7) 39.7 59.3 67.4 (1) 2007 20052006 2007 (2) 2007 (3) 20062007 (4) 2006 (5) 20073 (6) 200520062007 0.1% 14A.33(3) (7) 218

2008200920101231 1231 2008 2009 2010 (i) (1) 110 25 25 (ii) (2) 150 38 (iii) (3) 95 75 85 (iv) (4) 98 114 134 (v) (5) 612 693 758 (vi) (6) 26 29 35 (vii) (7) 81 89 98 (1) 200820082009 2008 2010 (2) 200712312008 43020084 15/16 2010 (3) (4) 200520062007 9.2% (5) 2008 2008 200520062007 (6) (7) 2007123120082 2008Oceanus 20092009 2008618 219

6% 20086182020331 220

(a) 2020331 (i) (ii) 18 (iii) (b) (c) 221

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200241 2002331 20024113.91513.512002 41165160 2002 2005200620071231 9.73121.84622.066 162009 2008618 223

250243 200241 200241 224

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(a) (b) (c) (d) (a) (b) 200820092010 1231 2008 2009 2010.............. 917 917 917 200841720071017 42.953.6015/16 11-A 15/1690 226

11-A 90 14A 15/16 11-A46.55 15/1611-A2008200920101231 46.5546.55 20075 Jet Asia Sky Reach Investments Limited Sky Reach200712Sky Reach Sky Reach Sky Reach Jet Asia Sky Reach Jet Asia 20085Sky Reach Sky Reach Sky Reach Jet Asia Jet Asia Sky Reach Sky Reach Jet Asia 2008 Sky Reach Jet Asia 227

200712 200852008 Jet AsiaJet Asia Jet Asia Jet Asia Sky ReachSky Reach Jet AsiaJet Asia 100% 100% Sky Reach Jet Asia Jet Asia Sky Reach Sky Reach Sky Reach Jet AsiaJet Asia Jet Asia 10 228

Jet Asia4,850 200712 Jet Asia 20081231Jet Asia 3,800 14A.35(2) 1231 2008 2009 2010 (1) (i)......................... 110 25 25 (ii)................... 150 38 (iii)................... 95 75 85 (iv)......................... 98 114 134 (v).............................. 612 693 758 (vi)................... 26 29 35 (vii)......................... 81 89 98 (2)....................... 150 205 206 (3).............................. 917 917 917 (4) 4,655 4,655 (5) 38 (1)(5) (1)(v)(3) (4)(5) (1)(i)(1)(ii)(1)(iii) (1)(iv)(1)(vi)(1)(vii)(2) 229

14A.42(3) 14A.4714A.48(1)(v)(3)(i)(3)(iii)(4) (5)(6) 14A.42(3) 14A.47(1)(i)(1)(ii)(1)(iii)(1)(iv)(1)(vi)(1)(vii)(2)(3)(ii) 14A.34 14A 14A.35(1)14A.35(2)14A.3614A.4014A.45 14A.38 (i) (ii) 230

862001 1962 Euronext Estoril Sol, SGPS, S.A.1987200632000 2008420014 19992005Fairmont Holdings, Inc. Suntrust Home Developers Inc. SJM 1984 20072001 2003 O.B.E. Commandeur de L ordre de la Couronne 572002 1976 30 Euronext Estoril Sol, 231

SGPS, S.A. MACAUPORT - Sociedade de Administração de Portos, S.A. 20012005 SJM 19732001 IMC/Southern Cross University 2005 562002 197830 19992002 SJM 6620012003 232

SJM 1981 19651981 1964 47 20052005 39620033 199887 Maxwick Investment Limited Maxwick Investment Limited 140,711,000 13,918.50 53 Urbana Champaign 822001 Many Town Company Limited 233

Commandeur de L ordre des Arts et des Lettres 652003 19882002 1967 2002 68 2000 39 2003 AMP (Harvard) Queen Elizabeth House (Oxford) (Visiting Fellow) 234

63 200420062007120084 20042200712 1995 60 1976 19842003319972000 235

58 252006 2005 Global Association of Risk Professionals 1991 612002 1998 19971995 Eastopen, Inc./Hotel Whitcomb 1991 Amherst College 19891991 Latham & Watkins, LLP 66200241 1966 512006 20 Ladbrokes 236

20042006 54200711 CPCNet CPCNet 19972004 1981161995 Bell Canada University of Ottawa McMaster University 56200538 197019782002 Philippine Casino Operators Corporation 4920021985 198520022005 562002 1970 381976 Manila Bay Casino 19772002 602003 237

542002 432004 17 57 2006 30 ICI EVC International ICI Enichem Timothy Christie Gilbert 44Gilbert 2006Gilbert 19952005 Casino Austria 20 Lindsay James Stewart 52Stewart Stewart 2007 Stewart Udarnik 238

Stewart Burswood Resort and Casino 17 19942003 472006 3.2420 314 14 14 239

13.4620091231 200520062007 7,4403,9003,900 20051.129 3,740 200520062007 200520062007 20041231 20051.12920062007 200520062007 200520062007 200520062007 6,9204,0404,440 240

20081231 3,980 200520062007 3,3501,9304,990 241

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21United Glory 10.04 3,000 62,500,000 20 20 1,062,500,00085% S 30 258

187,500,000 15% 187,500,000 10.07(1) 10.07(3) (a) (b) (c) (d) (e) 2008710 2008710 200873 259

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S S902h(3) eipo (www.eipo.com.hk) eipo eipo (www.eipo.com.hk) eipo 275

1,000,000 276

(b) (a) (1) (2) (3) (c) (a) (i) (ii) 277

(d) (a) 278

2008726 2008726 40 2008726 (e) 279

(f) 5. (a) eipo (www.eipo.com.hk) eipo eipo (www.eipo.com.hk) eipo (b) eipo (www.eipo.com.hk) eipo eipo (www.eipo.com.hk) eipo eipo (www.eipo.com.hk) eipo 50% 280

62,500,000 100% (c) 6. (a) 2008726 2008726 281

40 2008726 (b) (c) (d) 282

50% 62,500,000 7. 2008 710 a 1,000,000 200879 183171712 1716 283

1,000,0001,000,000 200879 b 200879 200879 200879 1,000,000 1,000,000 284

1,000,000 200879 c (d) eipo eipowww.eipo.com.hkeipo 1,000,000 200879 18317 1712 1716 eipo 1,000,000 2008 7 9 www.eipo.com.hk eipo 10. eipo eipo 8. 1% 0.004%0.005% 6. 4.08 285

200879 9. (a) (b) 200879 286

200879 III. 200879 200879 1%0.004% 0.005%200879 10. e-ipo eipo (www.eipo.com.hk) eipo eipo eipo eipo www.eipo.com.hk 8. 7. (d) eipo 287

11. 48619961220 (a) (b) 288

88 35 18 1903 20071231 2008626 2006217 2008 117 Brilliant Sky Investments Limited Brilliant Sky...................... Charm Class LimitedCharm Class...... Early Success LimitedEarly Success..................... Full Extent LimitedFull Extent.............................. 2007521 200619 200615 20061010 200616 2004325 1 100% 1 100% 1 100% 100% 2.5 1 100% 100% 100 I-1

........................................................................... Pier 16 Antique Collections Limited Pier 16 Antique........................................................................................................................................................................ Power Boost LimitedPower Boost...... Sharp Outlook LimitedSharp Outlook.................... SJM Holdings (Nominee) Limited SJM Nominee*.......................................... SJM SJM........................... Sky Reach Investments Limited Sky Reach.......................................................................... 2004325 2004915 200722 2007830 20031120 2007918 2007621 2005613 2007831 2007109 2004220 2007831 2007228 2007109 200619 200616 2005322 2007627 20061115 2003115 20071114 200776 198229 20011128 100 100% 1 100% 1 100% 1 100% 100% 100 1 51% 2.5 51% 51% 51% 2.5 2.5 51% 2.5 51% 1,000 51% 2.5 51% 2.5 51% 10 1 100% 1 100% 100% 10 1 100% 2.5 100% 100% 100 100% 2.5 1 100% 100% 1,000 100%+ A 2.7 B 3,000 I-2

Sure Vision LimitedSure Vision......................... Vast Base LimitedVast Base........... Winning Reward Limited Winning Reward........................... #.......................... 200619 2003714 200616 200615 1982323 2003321 1 100% 2 100% 1 100% 1 100% 2,000 10 49% 49% * + AB90%10% A100% BB BB1 100%A # 50% Brilliant Sky....... 2007521 20071231 Charm Class....... 200619 20061231 20071231 Early Success...... 200615 20061231 20071231............. 20061010 20061231 20071231 Full Extent........ 200616 20061231 20071231.. 20051231 20061231 20071231 I-3

.. 20051231 20061231 20071231............. 20051231 20061231 20071231............. 200722 20071231............. 2007830 20071231......... 20051231 20061231 20071231 Pier 16-Antique 2007918 20071231 2007109 20071231 2007621 20071231....... 2005613 20051231 20061231 20071231 2007831 20071231....... 20051231 20061231 20071231 2007831 20071231 2007228 20071231 2007109 20071231 Power Boost....... 200619 20061231 20071231 Sharp Outlook..... 200616 20061231 20071231.. 2005322 20051231 20061231 20071231......... 20061115 20061231 20071231 SJM Nominee 2007627 20071231 I-4

SJM...... 20051231 20061231 20071231 20071114 20071231 Sky Reach 200776 20071231......... 20051231 20061231 20071231............. 20051231 20061231 20071231 Sure Vision........ 200619 20061231 20071231............. 20051231 20061231 20071231 Vast Base......... 200616 20061231 20071231 Winning Reward... 200615 20061231 20071231 3.340 2005 12 312006 12 312007 12 31 E1 I-5

E1 200612312007123120051231200612 3120071231 I-6

A. E 1231 2005 2006 2007............................................ 6 33,406.3 34,196.3 32,146.6...................... (12,882.1) (13,226.5) (12,497.6) 20,524.2 20,969.8 19,649.0............................................ 80.5............................................ (45.0)............................................ 146.9 137.2 105.9......................................... 7 1,560.0 177.1................................. (13,497.4) (14,569.4) (12,433.3)..................................... (3,315.9) (4,074.1) (5,864.0)............................................ 8 (7.1)................................... (34.7) (3.4) 0.4........................... 3.1 6.8 7.0......................................... 9 5,386.2 2,644.0 1,493.4................................................ 11 (12.7) (220.1) (0.2)............................................ 5,373.5 2,423.9 1,493.2................................... 5,373.5 2,423.9 1,533.5....................................... (40.3) 5,373.5 2,423.9 1,493.2................................................ 12 7,176.1 2,233.0.................................. 13 143.3 64.6 40.9 I-7

B. E 1231 2006 2007 2005 2006 2007 1231 1231......................... 14 1,537.4 4,695.0 8,411.8............................... 15 833.2 842.2 815.0................................. 16 64.7............................. 17 278.9......................... 18 33.5 58.2 60.6............................. 19 44.0 50.8 55.7..................... 20............................... 21 187.1 219.8 221.6..................... 34 164.5........................... 22 196.8 202.6 145.6................................. 22 400.0 3,232.0 6,068.6 10,218.4...................................... 21.0....................... 23 496.1 620.8 792.6..................... 24 61.6 362.5..................... 25 22.1 22.1 197.9......................... 26 20.0 20.0 20.0............................... 27 15.0 15.0 14.3............................... 28 219.9 219.9 180.2......................... 29 73.5 57.2 57.2........................... 22 0.3 0.3 0.3................................. 22 100.0 100.0........................... 22 5,332.3 4,222.5 6,537.5 6,340.8 5,640.3 7,821.0....................... 30 4,481.6 6,214.5 5,661.8..................... 24 114.9..................... 31 201.7 201.7 201.7........................... 32 67.0 178.5............................. 33 17.9 15.6 14.5................ 34 7.0................................. 35 88.8...................................... 12.7 220.2 21.6..................... 36 100.0................................. 26.6 4,869.7 6,830.5 6,148.1......................... 1,471.1 (1,190.2) 1,672.9......................... 4,703.1 4,878.4 11,891.3........................... 32 330.9............................. 33 57.8 42.2 27.8................ 34 164.5..................... 36 4,808.0 57.8 42.2 5,331.2.................................... 4,645.3 4,836.2 6,560.1...................................... 37 194.2 194.2 291.3...................................... 4,446.4 4,637.3 6,073.7................... 4,640.6 4,831.5 6,365.0............................... 4.7 4.7 195.1...................................... 4,645.3 4,836.2 6,560.1 I-8

C. 200511.......... 194.2 48.5 6,200.5 6,443.2 4.7 6,447.9............... 5,373.5 5,373.5 5,373.5.................... 1.0 (1.0).................... (7,176.1) (7,176.1) (7,176.1) 20051231........ 194.2 49.5 4,396.9 4,640.6 4.7 4,645.3............... 2,423.9 2,423.9 2,423.9.................... (2,233.0) (2,233.0) (2,233.0) 20061231........ 194.2 49.5 4,587.8 4,831.5 4.7 4,836.2........... 230.6 230.6........... 97.1 (97.1)............... 0.1 0.1........ 1,533.5 1,533.5 (40.3) 1,493.2.................... 24.3 (24.3) 20071231........ 291.3 73.8 5,999.9 6,365.0 195.1 6,560.1 10%25% 25%50% I-9

D. 1231 2005 2006 2007........................................................... 5,386.2 2,644.0 1,493.4........................................................... (99.3) (115.9) (67.5)........................................................... 0.1............................................ (2.2) (3.8)............................................ (30.2) (17.9) (15.5).................................................. 34.7 3.4 (0.4).......................................... (3.1) (6.8) (7.0)....................................................... 4.7.............................................. 192.0 306.1 572.1.......................................... 3.0 0.8 0.4.................................................. (0.2)................................. (2.8)............................................ 7.0........................................ 18.5 16.3...................................... 0.8 1.2 10.6............................................ 5,502.4 2,829.0 1,991.3............................................................... (21.0)................................................ (95.2) (122.5) (227.6).......................................... (420.1) 1,480.0 (456.4)........................................................... 4,987.1 4,186.5 1,286.3............................................................... (11.7) (12.6) (198.8)................................................ 4,975.4 4,173.9 1,087.5............................................................. 78.6 113.7 71.2............................................................. (0.1)............................................ 17.7............................................ 2.2 3.8................................................ (775.6) (3,087.2) (4,165.3)........................................ 4.7 1.0 5.9........................................ (120.9) (154.0) (107.3)....................................................... (20.9) (42.4) (6.6).................................................. (66.2)......................................................... (46.8)..................................................... (278.9)............................... 4.9........................................ (2,349.5) (2,113.5) 477.4.............................................. (865.5).............................................. (168.8).................................................. 25.6......................................................... (163.3).................................................. (222.5).............................................. 0.7................................. (147.9) 39.7......................................................... (92.0)............................................ (1.8) (5.8) 57.0......................................................... 400.0 100.0................................................ (4,717.2) (4,886.0) (3,995.5) I-10

1231 2005 2006 2007......................................................... (3.4) (87.7)......................................................... (415.2) (509.2)................................................. (77.2)........................................ 62.0 111.5 376.0................................................... 6,408.0..................................................... (1,500.0)...................................... 0.1...................................... (433.8) (397.7) 5,196.4.................................... (175.6) (1,109.8) 2,288.4 11........................................ 5,507.9 5,332.3 4,222.5 1231...................................... 5,332.3 4,222.5 6,510.9................................................... 5,332.3 4,222.5 6,537.5......................................................... (26.6) 5,332.3 4,222.5 6,510.9 I-11

E. 1. 20051231 2006123120071231 2008117 2. 20071 1 1 1 23 1 27 2 321 1 2 1 3 2 8 1 2 11 3 4 12 5 13 19 14 4 1 200911 2 200971 3 200731 4 200811 5 200871 3200971 I-12

27 3. I-13

I-14

18............................ 2.5%7.6%.............................. 25%................. 7.6%50%.......................... 25%.............................. 20%.............................. 10% I-15

I-16

I-17

I-18

(i) 37(ii) 18 I-19

I-20

4. 200512312006123120071231 4,4005,0805,570 2005123120061231200712313,5703,570 3,430 5. I-21

6. 1231 2005 2006 2007......................... 23,699.8 23,887.7 20,613.6........................... 8,981.6 9,339.0 10,676.4........................... 721.9 967.7 854.7................................. 3.0 1.9 1.9 33,406.3 34,196.3 32,146.6 1231 2005 2006 2007........................... 17,529.6 15,257.0 11,323.1....................... 4,364.2 3,722.2 2,949.3............................. 438.4 429.7 296.6................................... 3.0 1.9 1.9............................... 22,335.2 19,410.8 14,570.9........................... 6,170.2 8,630.7 6,818.6....................... 4,617.4 5,616.8 5,569.0............................. 283.5 538.0 399.7............................... 11,071.1 14,785.5 12,787.3........................... 2,471.9....................... 2,158.1............................. 158.4............................... 4,788.4............................... 33,406.3 34,196.3 32,146.6 7. 2005 15.6 20051231 1.617 20051231 I-22

2006 1.77120061231 1,54020061231 8. 1231 2005 2006 2007..................... 3.4................ 87.7..................... (3.4) (87.6)............ 7.0 7.1 9. 1231 2005 2006 2007 E10.......................... (74.4) 39.0 39.0....................... 35.1 42.7 61.1................................. (1.6) (23.4) (11.2) 33.5 19.3 49.9................................. 1,479.8 1,832.6 2,966.4 1,438.9 1,890.9 3,055.3................................. 4.7................................... 8.3 8.2 13.4......................... 192.0 306.1 572.1..................... 3.0 0.8 0.4................... 18.5 16.3............................... 0.8 1.2 10.6................................. 277.3 300.7 374.1............................... 65.2 50.6 57.0............................... 0.2 0.2 0.2................... 2.2 3.8............................. 0.2.................................. 2.8................... 30.2 17.9 15.5.................... 18.8................................. 80.5 115.9 62.5............................. 0.1.............. 4.9 I-23

10. 1231 2005 2006 2007.................................................................. 0.2 0.2..................................... 37.4 37.5 37.5..................................... 1.1 1.3 1.3 38.5 39.0 39.0................................. (112.9)...................................... (74.4) 39.0 39.0 20071231 1231 2005 2006 2007........................... 3.2 3.4 7.4 2005123120041.129 2006123120071231 11. 1231 2005 2006 2007...................................... (12.7) (11.7) (0.2)................... (21.3)......................... (187.2)............................. 0.1 (12.7) (220.1) (0.2) 20045182007128 2002200620072011 I-24

20022006 20045182002 20061,2001,170 2006121520051231 16.06815.60 2007128 20061.928 1.8722005 20061.771 2,130 12% 1231 2005 2006 2007 % % %.................................... 5,386.2 2,644.0 1,493.4................... (646.3) (12.0) (317.3) (12.0) (179.2) (12.0)....................... 649.4 12.1 296.4 11.2 214.9 14.4........ (3.8) (0.1) 0.4 0.8.......... 3.6 0.1 3.6 0.2 3.1 0.2.......... (3.9) (0.1) (3.0) (0.1) (22.0) (1.4)..................... (1.4) (0.1) (17.8) (1.2)........................................ (11.7) (0.2) (11.7) (0.4).......... (187.2) (7.1)............................. 0.1......................... (12.7) (0.2) (220.1) (8.3) (0.2) 200712311.48320052006 1.4832010 I-25

12. 1231 2005 2006 2007 2004........................... 1,963.2 2005........................... 5,212.3 2006........................... 2,233.0...................................... 0.6 7,176.1 2,233.0 2005 Prime Hero LimitedPrime HeroE41(d)(e) 20063120054038.835 20062006728 2005 13. 3,750,000,000 200511 I-26

14. 200511........... 78.1 236.0 60.0 124.3 0.5 13.7 109.3 621.9..................... 30.1 109.9 158.5 86.8 125.5 1.3 817.2 1,329.3..................... (6.7) (3.0) (9.7) E41(d)... (95.8) (95.8) 20051231......... 30.1 188.0 387.8 146.8 246.8 1.8 13.7 830.7 1,845.7..................... 110.3 189.2 104.3 135.5 4.3 2,921.9 3,465.5..................... (2.0) (3.3) (5.3) 20061231......... 30.1 298.3 575.0 251.1 379.0 6.1 13.7 3,752.6 5,305.9..................... 52.2 18.0 244.3 192.0 179.3 0.4 3,609.0 4,295.2..................... (9.9) (9.9)..................... 1,088.5 1,206.0 6.1 (2,300.6) 20071231......... 1,170.8 316.3 2,015.4 443.1 564.4 6.5 13.7 5,061.0 9,591.2 200511........... 23.0 37.8 21.2 33.3 0.2 2.8 118.3............... 0.5 47.0 54.9 21.9 66.1 0.3 1.3 192.0............... (1.1) (0.9) (2.0) 20051231......... 0.5 70.0 91.6 43.1 98.5 0.5 4.1 308.3............... 0.8 74.6 79.9 44.6 104.1 0.7 1.4 306.1............... (1.0) (2.5) (3.5) 20061231......... 1.3 144.6 170.5 87.7 200.1 1.2 5.5 610.9............... 69.9 73.9 219.1 83.5 123.1 1.2 1.4 572.1............... (3.6) (3.6) 20071231......... 71.2 218.5 386.0 171.2 323.2 2.4 6.9 1,179.4 20051231......... 29.6 118.0 296.2 103.7 148.3 1.3 9.6 830.7 1,537.4 20061231......... 28.8 153.7 404.5 163.4 178.9 4.9 8.2 3,752.6 4,695.0 20071231......... 1,099.6 97.8 1,629.4 271.9 241.2 4.1 6.8 5,061.0 8,411.8 200512312006123120071231 20071231 200712318,76020051231 20061231 20071231 26.65220054.694200619.335 2020 I-27

15. 1231 2005 2006 2007........................................ 1,180.4 833.2 842.2...................................... 75.1 42.8 6.6................... (40.8) (32.6) (23.2)............................. (0.8) (1.2) (10.6) E41(d)........................ (380.7)........................................ 833.2 842.2 815.0 200512312006123120071231 7.2376.95 6.664 16. 20071231...................... 69.4 20071231...................... (4.7) 20071231......................................... 64.7 Jazzbeme Baccarat Insurance Game 6,32010 17. I-28

20071231 18. 1231 2005 2006 2007...................................... 25.0 25.0 25.0...................................... 6.8 6.8 6.8............................... 1.7 26.4 28.8 33.5 58.2 60.6 1231 2005 2006 2007...................................... 519.9 582.6 626.3...................................... (451.5) (463.7) (502.7)...................................... 68.4 118.9 123.6................... 33.5 58.2 60.6 1231 2005 2006 2007.......................................... 593.3 1,279.4 2,164.9............................... (58.8) 50.5 41.1 *................................... (34.7) (3.4) 0.4 * 200712311,97020051,330 20062,810 19. 1231 2005 2006 2007....................................... 41.3 41.3 39.7................................ 2.7 9.5 16.0 44.0 50.8 55.7 I-29

200712313,430 200520063,570 1231 2005 2006 2007...................................... 48.7 64.7 81.4...................................... (32.5) (35.1) (37.8)...................................... 16.2 29.6 43.6.............. 8.3 15.1 21.4 1231 2005 2006 2007.......................................... 9.0 18.2 18.9...................................... 6.0 13.4 14.0................... 3.1 6.8 7.0 20. 2005123120061231 Luck United Holdings LimitedLuck United19.99%Luck United 20071231 Luck United 19.99% Kingsway Hotel LimitedKingsway1%Kingsway 20051231200612312007123110 21. 1231 2005 2006 2007............................... 66.2 65.8 65.8......................... 120.9 154.0 155.8 187.1 219.8 221.6 I-30

22. 2005123120061231 200712311.9682.026 1.4562006136.796 20061420073314.854200741 18020203312.913 2006123120071231490 2005123120061231 200712313030 200712313.37520051.53.625 20063.375 1231 2005 2006 2007............ 3,829.3 2,432.9 3,728.8....................... 2.150% 3.625% 2.250% 4.875% 1.250% 4.250% 23. 1231 2005 2006 2007........................... 261.4 379.2 376.4....................... 8.8 17.7 126.8...................................... 42.8 42.5 79.7.......................................... 183.1 181.4 209.7 496.1 620.8 792.6 I-31

1231 2005 2006 2007 090....................................... 26.9 116.4 135.3 91180..................................... 135.5 42.2 9.8 181365.................................... 24.0 76.8 77.3 365..................................... 75.0 143.8 154.0 261.4 379.2 376.4 2005123120061231200712315,000 I-32

1231 2005 2006 2007.......................................... 49.4................................. 9.2 10.7...................................... 48.5 48.5 55.5....................... 17.4 12.3 17.3............................. 59.2 55.2 54.6................................. 0.1 1.1.............. 0.2 0.2......................... 9.2 12.3 125.1 134.7 201.1 24. 2008620 25. 200712311.715E 346.18% 2008620 26. 27. 28. Luck United Luck United Luck United 29. I-33

30. 1231 2005 2006 2007................................. 1,174.5 1,413.5 912.7............................... 1,037.4 1,116.7 903.5...................................... 973.1 2,184.6 2,206.6................ 207.1 138.7 52.7......................... 22.6................................. 323.3 644.6 611.7................................. 314.5 241.4 390.8...................................... 114.5 44.9 49.4........................... 16.8 16.8 13.8....................... 7.6 7.6 5.1................ 8.4 14.5 4.2...................................... 161.7................................. 142.7 391.2 488.7 4,481.6 6,214.5 5,661.8 1231 2005 2006 2007 090....................................... 1,164.5 1,403.7 872.8 91180..................................... 8.1 9.8 31.5 181365.................................... 7.3 365..................................... 1.9 1.1 1,174.5 1,413.5 912.7 90 I-34

1231 2005 2006 2007.......................................... 107.0 137.9 241.3................................. 203.0 5.3 9.5...................................... 4.3 119.0 178.8....................... 24.3 8.8 12.9............................. 343.7 478.5 440.0................................. 12.0 21.9 18.1.............. 0.5 1.3 0.2............................. 1.4 6.7 8.8................ 67.0 763.2 779.4 909.6 31. 2008620 32. 200512312006123120071231 200712313.309 12 200712313.3095.545 6% I-35

33. 1231 1231 2005 2006 2007 2005 2006 2007........ 14.5 14.5 14.5 56.7 42.2 27.8............................. 3.4 1.1 1.1 17.9 15.6 14.5 57.8 42.2 27.8 34. 1231 1231 2005 2006 2007 2005 2006 2007...................................... 17.3 7.0................................. 17.3 7.4................................. 51.9 25.2...................................... 164.4 131.9 250.9 171.5............................. 79.4............................... 171.5.... 7.0......................... 164.5 200712 10 6.18% Sky Reach 20071231 1.7151.645700 I-36

35. 20064 36. 1231 2005 2006 2007........................................ 100.0................................... 1,020.0................................... 3,788.0 4,908.0................................. 100.0............................. 4,808.0 200712313 1.4%2.1% (a) 2007616 20071231 19.4059,760 (i) (ii) (iii) (iv) (v) (vi) (i) Governmental Agency (ii) (iii) 9 (i) (ii) I-37

(vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv) (xvi) 9 17.6 17.6 200712313,040 17.6 17.6 (xvii) 200712311.3 (xviii) 200712311,000 (xix) (xx) (xxi) 200712311.7 (xxii) 200712311.4 (xxiii) (xxiv) 200712311.4 (xxv) Pier 16 Antique (xxvi) 8.6 (xxvii) 8.6 (b) 20071050 2007123110.215 I-38

31.2056.664 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (i) Governmental Agency (ii)(iii) 50 50 (i) (ii) 50 2007123136.804 200712311.641 I-39

(xv) (xvi) 20071231 5,000 200712315,000 (xvii) 200712311,300 (xviii) (xix) 37. 1......................... 10,000............................. 1 2006123120071231..... 10,000 1 200621710,00010,000 111 2005123120061231 20071231SJM Nominee 20078211,600,000200,000 200,0002,000,000A 1,000,000700,000A300,000B 21.94232.913AB 100700,000A 300,000B I-40

10% 38. 39. (a) (b) 1231 2005 2006 2007..................... 6,821.3 5,743.2 7,973.2................... 73.5 57.2 57.2............................. 6,894.8 5,800.4 8,030.4...................................... 3,624.0 5,455.9 10,502.6................................. 75.7 57.8 42.3 3,699.7 5,513.7 10,544.9 E3 I-41

(e) 10% 1231 2005 2006 2007................................. 7.4 5.7 5.7 (f) E38 I-43

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2008331 2008331 % 53. 29 20A 54. 371 375 1609 10 55. 744-AC-774 Y 56. 744-AC-774 X 57. 168200 3341 58. 744-W L 59. 744-X M 60. 325 331 HR/C-7 61. 325 331 HR/C-10 62. 301 309 4C/V15C/V16C/V153C/V1 54C/V1 V-10

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1. I 93 103 214104 I 1995 214AH 2008 331 92,000,000 100% 5,582.72(60,092 92,000,000 200632010 1. 2. V-13

2. 1974 1 5 3 3 7,585.72(81,653 2008 331 1,089,000,000 100% 1,089,000,000 19639550 1. 15/161/16 1/16 2. 3. V-14

3. 1997 201 25 43 45 45 Companhia de Investĩmento de Fomento Predial CHONG FUNG 2,569.3227,656 Limitada 20071218 195851650 2007111 2020331 1,545,000 3%8% 2008 331 240,000,000 49% 117,600,000 1. Companhia de Investĩmento de Fomento Predial Chong Fung Limitada 2. V-15

4. 431 11,626 125,141 135,4421,457,898 2008731 2008 331 7,200,000,000 100% 7,200,000,000 19639550 1. 2. 3. 20083316,028,875,0005,853,276,699 669,875,000650,364,078 4. 5. a) Grand Lisboa PICL 30 b) Grand Lisboa PICL i. 2007425539/1989 V-16

ii. iii. Avenida de Lisboa iv. 9.50 c) Grand Lisboa PICL 348,780.00 DSSOPT Grand Lisboa PICL 6. 20084 20,304218,552 115,1381,239,345 22,556242,793 5,19955,962 348,780.00 15 15 10 10 V-17

5. 408 AAPC HONG KONG LIMITED 23,066248,280 20051223 126,500 1,361,646 20081231 10 10 2% 200521425 5%10% 2008 331 3,182,000,000 51% 1,622,820,000 1. 2. (i) Banco Weng Hang, S.A.16200772 79075C (ii) Agência de Transporte de Passageiros Yuet Tung, Lda Yuet Tung Shipping Company Limited 200592630696F Hap Seng Trading Company Ng Sut Fong 2005926 3070020051019 Cuo Tat Motocycles Fu Vai Leng2005102430741F Agência Comercial Yu Son Limitada Yu Son Trading Company Limited2006324 31033F 2006421 (iii) Banco Weng Hang, S.A.200772 31745F 3. a) SJM-I V-18

b) 2008422 c) 4. 2005214 i) 25,833278,066 23,457252,491 14,294153,861 10,731115,508 ii) iii) Ponte Nos. 11 and 121,23412,283 Ponte No. 11A)12 5. 93,156,434 6. 20082291,799,482,000 551,008,000 2008331 V-19

6. 1991 3 3 2002 9,691 4110 104,316 30,000,000 30,960,000 10 19896125 2008 331 1. Champion Power Property Sociedade De Pelota Basca De Macau, S.A.R.L. 2. V-20

7. 1984 9561110 12 3 123 A 4,065 43,760 29,408,749 B C 200752010 200671 20061231 17,000,000 5,000,000 2008 331 200611 10 6 2 5 1. Excelsior Hoteis e Investimentos, Limitada 2. Hipoteca Voluntária Data e Nº da Apresentação 16/06/2003 28) V-21

8. 1974 15 520 2122 52021 22 200241 18 21,229.28228,512 308,306 19639550 1 2008 331 1. Hotel Lisboa Management, Macau 15/161/161/16 2. 3. 4. V-22

9. 1999 1 1 3,242 19991210 34,897 2002130 20084 1 1996112025 10 800,000 1 18 1 2008 331 1. Pousada Marina Infante Marina Clube Internacional Recreio e Investimentos (acau), S.A.R.L. Pousada Marina Infante 2. 3. V-23

10. 1997 201 1 1AAD 200411 2,115.2822,769 5 1,064,800 195851650 3 1 2008 331 1. Sociedade de Investimento Predial Top Choice, Limitada 2. V-24

11. 1997 201 2 2A AC 2004220 2,216.3223,856 5 900,000 195851650 3 1 2003 12 2008 331 1. Bright Super International Limited 2. V-25

12. 1984 795 200671 8,553 1 509,000494,175 20053710 1 2008 331 1. Hestmona Limited2007111 Macau Hotel Company Limited 2. Macau Hotel Company Limited 3. V-26

13. 1,106.6511,912 2009 1231 400,000 20061110 3 1 2008 331 1. Companhia de Corridas de Galgos de Macau (Yat Yuen), SA ( V-27

14. 1998 328330 1 10 AXAZBABE 1 20098 5766,200 31260,000 2015727 25 3 2008 331 1. Li Chu Kwan (1/2) Li Wing Ki (1/2) (Re: Rés-Do-Chão AX)Wong Hoi Ping (Re: Rés- Do-Chão AY)Team Honour Investments Limited (Re: Rés-Do-Chão AZ, BA to BE) 2. V-28

15. 1993 65 107 AZ AAAO 2,432.5026,183 AZAA 200711 AT 10 900,000 198941425 6 1 2008 331 1. Ling Tat Tong Companhia Comercial Lei On Limitada Companhia Comercial Lei On Limitada 2. V-29

16. 1999 141-A 1811 18B35 200741 82.778891 2 15,000 20059510 3 1 2008 331 1. Sociedade De Construção e Fomento Predial Golden Crown, S.A.R.L. 2. V-30

17. 1996 249263 1416 A14 P14 2007316 1,667.3217,947 2 256,380248,913 19927625 3 1 2008 331 1. SBI Gestão de Participação De Macau Limitada 2. V-31

18. 1997 201 716 A7P7 200681 1,438.9915,489 5 221,190 195851650 3 20087 20068 3 1 2008 331 1. San Chee Fu Investment Limited 2. V-32

19. 1997 201 85 B8F8 200491 419.044,511 4 57,969 195851650 3 1 2008 331 1. Companhia de Fomento Predial e Importação e Exportação Triplesome (Macau) Ltd. 2. V-33

20. 1997 201 916 A9P9 2007121 1,438.9915,489 2 200,000 195851650 3 1 2008 331 1. Companhia de Investimento Imobiliário San Hang Fook, Limitada Companhia de Investimento Imobiliário San Hang Long, Limitada 2. 1 Hipoteca Voluntária Data e N o Apresentação 25/02/2008 98 V-34

21. 1997 201 1016 A10 P10 2005921 1,438.9915,489 5 199,071 4 200882005 195851650 10 3 1 2008 331 1. Century Fine Properties Limited 2. V-35

22. 1997 201 1216 A12P12 2006620 1,438.9915,489 5 221,190 3 2008520066 195851650 3 1 2008 331 1. Century Fine Properties Limited 2. V-36

23. 1997 201 189 A18 F18I18K18 200741 812.178,742 2 120,000 195851650 3 1 2008 331 1. Companhia de Investimento Imobiliário San Hang Ka, Limitada 2. Hipoteca Voluntária Date e N da Apresentaçáo 25/02/2008 98 V-37

24. 1997 67 123485 123485 2007111 195851650 1 127,500 3 1 2 2008 331 1. Companhia de Desenvolvimento Predial Veng Luen Kei, Limitada Companhia de Desenvolvimento Predial On Si, Limitada 2. Hipoteca Voluntária Date e N da Apresentaçáo 25/02/2008 98) V-38

25. 1997 398 211 D21 22 51 65 2007117 200811 C/V2-58C/V2-59 66.67718 1 21,650 2015727 3 3 1 2 2008 331 1. Easy Advance Limited 2. V-39

26. 1994 209 2 1 2D 20051216 232.682,505 3 10,000 196381950 3 1 2008 331 1. Companhia de Produtos Congelados Hap Yek, Limitada 2. V-40

27. 1994 209 7 4 7AD 2007110 804.278,657 1 36,975 196381950 3 1 2 2008 331 1. Lei Man Ka Trading and Investment Limited 2. Banco Delta Ásia, S.A.R.L. Hipoteca Voluntária Data e N da Apresentação 19/10/2004 137) V-41

28. 1989 111 163 A 11A 200651 336.853,626 3 12,000 2000111810 3 1 2008 331 1. Fábrica de Malhas Hopewell, S.A. 2. V-42

29. 174 1994 A14G14 147 200811 577.406,215 2008430 61,810 11,190 199141225 2008 630 200871 2008 331 1. A14B14F14 Lin Ku-chiu Eric Lin Yu Chi-Chia C14D14E14G14 Yu Chih-Lin Julio Chin-Li Yu 2. A14B14 F14 Hipoteca Voluntária Data e Nº da Apresentação 28/12/2007 39C14D14E14G14 Hipoteca Voluntária Data e Nº da Apresentação 28/12/2007 41 V-43

30. 1988 81 223 225 A8 20061215 204.372,199 2 22,649.7 19904910 3 1 2008 331 1. Nam Kwong Industrial Company LimitedPacific World Business Service Nam Kwong Industrial Company Limited 2. V-44

31. 1996 30 71 7J 2005111 102.471,103 2 6,300 20059510 3 1 2008 331 1. Lao Chon Lam Chan Sok Peng 2. Hipoteca Voluntária Data e N da Apresentação 07/04/2008 68 V-45

32. 1986 168200 251 252505 167.60 2006815 8517 1,804 2 33,88839 62,181 UB11612198012 3175 75 2008 331 1. World Win Enterprises Limited 2. 2000410UB8070039 V-46

33. 1986 12 168200 1 121214 93.09 200743 1,002 2 26,052 UB11612198012 3175 75 2008 331 1. 12 Shun Tak Centre Limited 2. 12 V-47

34. 1989 111 163-A 11B 2007215 352.663,796 1 15,000 2000111810 3 1 2 20082 14 2008 331 1. Fábrica De Malhas Hopewell, S.A. 2. V-48

35. 1992 54-R 51 5I 2006125 99.021,066 1 6,5006,311 1989122925 3 1 2 2008 125 2008 331 1. 2. V-49

36. 1992 54-R 51 5J 200641 84.30907 1 5,4005,243 1989122925 3 1 2 200741 2008 331 1. 2. V-50

37. 1965 4 41 4N 2006814 96.88641,043 1 5,0004,854 3 1 2 2007814 2008 331 1. 2. V-51

38. 1975 7 7E 61 6C 2006630 72.66782 1 4,5004,369 3 1 2 2007630 2008 331 1. 2. V-52

39. 1975 7 7E 81 8A 2006630 125.431,350 1 5,5005,339.81 3 1 2 20076 30 2008 331 1. 2. V-53

40. 1975 7 7E 91 9A 2006630 125.431,350 1 6,2006,019 3 1 2 2007630 2008 331 1. 2. V-54

41. 1975 7 7E 91 9C 2006630 72.66782 1 4,5004,369 3 1 2 2007630 2008 331 1. 2. V-55

42. 1975 7 7E 131 13D 72.12 200682 776 1 4,5004,369 3 1 2 2007630 2008 331 1. 2. V-56

43. 1997 341 171 17X 200571 77.50834 1 5,0004,854 20053710 3 1 2 200771 2008 331 1. Hestmona Limited 2. V-57

44. 1997 341 201 20V 200571 83.07894 1 7,5007,282 20053710 3 1 2 200771 2008 331 1. Hestmona Limited 2. V-58

45. 2003 744-F 1 E 200671 112.5321,211 1 103,800100,777 199173025 3 1 2 20077 1 2008 331 1. Sociedade de Investimento Imobiliário Ha Keng Van, S.A.R.L. 2. V-59

46. 2003 744-G 1 F 200671 95.9831,033 1 88,50085,922 199173025 3 1 2 20077 1 2008 331 1. Sociedade de Investimento Imobiliário Ha Keng Van, S.A.R.L. 2. V-60

47. 2003 744-H 1 G 200671 92.033991 1 84,90082,427 199173025 3 1 2 200771 2008 331 1. Sociedade de Investimento Imobiliário Ha Keng Van, S.A.R.L. 2. V-61

48. 1966 9 21 2F 2006817 52.48565 1 2,8002,718 3 1 2 2007817 2008 331 1. 2. V-62

49. 2001 47 1614 411 113 200721 A16N16 6 A13-C/V4 1,340.9514,434 195,852190,148 A23-C/V4 3 195772950 2008 331 1. Companhia de South Bay Centro Limitada 2. V-63

50. 1997 201 3 3A3E 200791 3,211.07(34,564 4 438,000 195851650 3% 3 1 2008 331 1. Bright Super International Limited 2. V-64

51. 2005 155 22 22J 2007721 91.47985 2 10,000 3 1 2 2008 331 1. Tang Wai Peng 2. Hipoteca Voluntária Date e N da Apresentaçáo 22/01/2008 167 V-65

52. 2005 155 171 17L 2007616 77.85838 2 9,500 3 1 2 2008 331 1. Li PengzhiCao Yongzhi 2. V-66

53. 2004 29 201 20A 97.281,047 20083 11 11,000 3 1 2 2008 331 1. Lao Keng Kin Chan Min Ut 2. V-67

54. 1993 302 371 375 1609 10 135.561,459 2007115 2009123 13,500 2008 331 1. 2. (i) (ii) V-68

55. 2003 1 744-AC-774 200791 Y 246.7812,656 1 113,790110,476 199173025 3 1 2 3 2008 331 1. Sociedade de Investimento Imobiliário Ha Keng Van, S.A.R.L. 2. V-69

56. 2003 1 744-AC-774 1 200791 X 1 561.6726,046 259,020(251,476 199173025 3 1 2 3 2008 331 1. Sociedade de Investimento Imobiliário Ha Keng Van S.A.R.L. 2. V-70

57. 1985 168200 31 3341 65.9 2007 7 1 8517 (709 2 33,88838 96,000 UB11612198012 3175 75 2008 331 1. Shun Tak Centre Limited 2. V-71

58. 2003 744-W 1 1 L 2007 8 1 179.908 1,937 1 82,950 80,534 199173025 3 1 2 3 2008 331 1. Sociedade de Investimento Imobiliário Ha Keng Van S.A.R.L 2. V-72

59. 2003 744-X 1 M 2007 8 1 110.111 1,185 1 50,790 49,311 199173025 3 1 2 3 2008 331 1. Sociedade de Investimento Imobiliàrio Ha Keng Van S.A.R.L. 2. V-73

60. 1997 325 331 1 HR/C-7 2007326 20053710 2 700 680 3 1 2008 331 1. Hestmona Limited 2. V-74

61. 1997 325 331 1 HR/C-10 2006128 20053710 3 700 680 3 1 2008 331 1. Hestmona Limited 2. V-75

62. 2003 5 301 309 2006621 4C/V1 199173025 3 5C/V16C/V1 5,000 4,854 53C/V154C/V1 3 1 2008 331 1. Sociedade de Investimento Imobiliãrio Ha Keng Van S.A.R.L 2. V-76

63. 1985 168200 15 151416 390 2008 1 8 (4,200 2 8517 126,000 33,888362 UB11612198012 3175 75 2008 331 1. Top Ease (H.K.Limited 2. V-77

64. 1996 357 23131 2123 13E 2007121 177.8941,915 1 16,000 20053710 3 1 2 2008 331 1. Ken Wong Wong Mau Yen WuLaws Employee Services 2. V-78

65. 2006 271 27P 2007 8 1 113.26(1,219 1 7,500 1990122625 2 1 10382 1039 3 2 2008 331 1. Philip Leeton Gregory Sociedade de Importção e Exportação Polytex, Limitada 2. V-79

66. 2006 161 16W 2007415 114.671,234 1 8,000 1990122625 1 8,800 3 1 2 2008 331 1. Ng Chang Tong Ng Hio Tong Sociedade de Importação e Exportação Polytex, Limitada 2. V-80

67. 1974 15 22 3 123 2002 4 1 18 308,306 926 125,999.28 6 1,356,256 1 19639550 2008 331 4,500,000,000 100% 4,500,000,000 1. Sociedade de Turismo e Diversões de Macau, S.A. Sociedade de Jogos de Macau, S.A., Sociedade de Turismo e Diversões de Macau, S.A. 15/16 Sociedade de Jogos de Macau, S.A. 1/161/16 2. 3. 20071017200841742.95 90 V-81

68. 2,88531,054 1 A-11 2008 331 475,000,000 100% 475,000,000 199173025 20491219 1. Sociedade de Investimento Imobiliário San Keng Van, SARL 2. 3. 200499 Despacho No. 101/2004 2,885 2,440 19,209 4,984 86,550.00 15 10 10 2006218 4. Despacho No. 101/2004 5. a) b) 2006218 c) 200710172008417 3.60 V-82

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69. 1997 325 331 HR/C-11 2008520 20053710 2 700860 2008 331 1. Hestmona Limited 2. V-84

70. 1992 33 95 157 10 2020 3 6,952 74,831 31 6 5,000,000 4,854,369 32,250 347,139 5,000,000 19912125 2008 331 1. Centro Comercial Jai Alai, Limitada 2. V-85

71. 1985 431487 6D 2008 6 1 462.154,975 2 15,400 2002112910 62008 71 2008 331 1. Lam Hin SanTse Heng Sai Regime da Separação 2. Banco Tai Fung, S.A.R.L. Hipoteca Voluntário Data e Nº da Apresentação 14/04/2004-125 V-86

2008111 (a) (b) (c) (d) V-1

4 (a) (b) (c) (d) (1) (e) (f) V-2

(a) (b) (c) (d) (e) 5% V-3

(1) B B (a) A (i) BB (1) B 10% (2) BB (3) B (ii) B (iii) B V-4

(iv) B (b) 4 4 1 (a) (i) B (ii) B B B (i)(ii) (b) (i) 75% (ii) 10% V-5

12 V-6

2 (a) (i) (ii) (b) (c) 5% (d) (i) (ii) V-7

(e) (1) (6) V-8

2006217 1682001514 16 (i) 110,000 1.002006311B. & McK. Nominees Limited2006316 (ii) 200811114,999,990,000 1150B. & McK. Nominees Limited (iii) 2008117A2,195,991 STDM 274,50991,80068,850 11,47511,47545,900 United Glory STDM............................................ 219,599,100.................................................. 27,450,899.................................................. 9,180,000.................................................. 6,885,000.................................................. 1,147,500.................................................. 1,147,500 United Glory.............................................. 4,590,000.................................................... 269,999,999 A 20081231 A STDM United GloryA 20081231 A1 VII-1

(iv) 5050 100 (v) 2008111 (i) (ii) 3,480,000,0003,480,000,000 269,999,999 2008117 STDM............................................ 2,830,388,400.................................................. 353,811,600.................................................. 118,320,000.................................................. 88,740,000.................................................. 14,790,000.................................................. 14,790,000 United Glory.............................................. 59,160,000.................................................... 3,480,000,000 (iii) VII-2

(a) 2007621 2.52.41,000 Early Success Limited 96%4% (b) 20061010 2.52.41,000 SJM 96% 4% (c) 20061115 2.52.41,000 SJM Power Boost Limited 96% 4% (d) 2007225 51.00 SJM 100% (e) 2007228 2.52.41,000 Early Success Limited 96%4% (f) 2007521Brilliant Sky Investments Limited 551.00 SJM Brilliant Sky Investments Limited 100% (g) 2007627SJM Holdings (Nominee) Limited 111.00 SJM Holdings (Nominee) Limited 100% (h) 2007821I IIIII200 200100A70 A30B23 VII-3

A BA2008117 AA SJM Holdings (Nominee) Limited i 2007831 2.52.41,000 Early Success Limited 96%4% j 2007831 2.52.41,000 Early Success Limited 96%4% k 2007109 2.52.41,000 Early Success Limited 96%4% (l) 2007109 105.14.9 SJM 51%49% (m) 200776Sky Reach 5 51 SJM Sky Reach 100% (n) 20078305 51.00 SJM 100% (o) 2007918Pier 16 Antique Collections Limited 551 Pier 16 Antique Collections Limited 100% (p) 20071114 2.52.41,000 VII-4

SJM 96%4% (i) 20071017 Avenida de Lisboa n s 2 4, Edifício Hotel Lisboa, Macau 15/16 (ii) 20071017 Fecho da Baía da Praia Grande, Lote 11, Zona A, Nam Van, Macau (iii) 2008618 (iv) 2008618 (v) 2008 618 (vi) 2008 618 (vii) VII-5

(i) (1)(2) 41 2006109 N/022852 2013109 41 2006109 N/022853 2013109 41, 42 200735 300667288 2016625 41 2006109 N/022854 2013109 3 200669 N/020916 201369 12 200669 N/020917 201369 14 200669 N/020918 201369 16 200669 N/020919 201369 18 200669 N/020920 201369 21 200669 N/020921 201369 22 200669 N/020922 201369 24 200669 N/020923 201369 25 200669 N/020924 201369 26 200669 N/020925 201369 27 200669 N/020926 201369 35 200669 N/020927 201369 39 200669 N/020928 201369 42 200669 N/020929 201369 VII-6

(1)(2) 3 2007215 N/24576 2014215 12 2007215 N/24577 2014215 14 2007215 N/24578 2014215 16 2007215 N/24579 2014215 18 2007215 N/24580 2014215 21 2007215 N/24581 2014215 22 2007215 N/24582 2014215 24 2007215 N/24583 2014215 25 2007215 N/24584 2014215 26 2007215 N/24585 2014215 27 2007215 N/24586 2014215 35 2007215 N/24587 2014215 39 2007215 N/24588 2014215 41 2007215 N/24589 2014215 43 2007215 N/24590 2014215 44 2007215 N/24591 2014215 41, 42 200735 300667279 2016625 3 2007730 N/27532 2014730 VII-7

(1) 12 2007730 N/27533 2014730 14 2007730 N/27534 2014730 16 2007730 N/27535 2014730 18 2007730 N/27536 2014730 21 2007730 N/27537 2014730 22 2007730 N/27538 2014730 24 2007730 N/27539 2014730 25 2007730 N/27540 2014730 26 2007730 N/27541 2014730 27 2007730 N/27542 2014730 35 2007730 N/27543 2014730 39 2007730 N/27544 2014730 42 20071029 N/27545 20141029 43 2007628 N/26741 2014628 43 2007628 N/26742 2014628 43 2007628 N/26743 2014628 VII-8

(1) 43 2007628 N/26744 2014628 43 2007628 N/26745 2014628 43 2007628 N/26746 2014628 43 2007628 N/26747 2014628 41 2007105 N/28149 2014105 41 2007105 N/28150 2014105 41 2007105 N/28151 2014105 41 2007105 N/28152 2014105 44 200813 N/29773 201513 VII-9

(ii) (1) 43 200775 N/29729 43 200775 N/29730 43 200775 N/29731 36 20071210 N/32866 36 20071210 N/32867 36 20071210 N/32868 36 20071210 N/32869 36 20071210 N/32870 36 20071210 N/32871 36 20071210 N/32872 36 20071210 N/32873 36 20071210 N/32874 VII-10

(1) 36 20071210 N/32875 36 20071210 N/32876 36 20071210 N/32877 36 20071210 N/32878 36 20071210 N/32879 36 20071210 N/32880 36 20071210 N/32881 36 20071210 N/32882 36 20071210 N/32883 36 20071210 N/32884 36 20071210 N/32885 36 2008122 N/33522 41 2008122 N/33523 43 2008122 N/33524 36 2008122 N/33525 41 2008122 N/33526 43 2008122 N/33527 36 2008122 N/33528 41 2008122 N/33529 43 2008122 N/33530 36 2008122 N/33531 41 2008122 N/33532 43 2008122 N/33533 36 2008122 N/33534 41 2008122 N/33535 43 2008122 N/33536 36 2008122 N/33537 41 2008122 N/33538 43 2008122 N/33539 36 2008122 N/33540 41 2008122 N/33541 43 2008122 N/33542 VII-11

(1)(2) 36 2008122 N/33543 41 2008122 N/33544 43 2008122 N/33545 36 2008122 N/33546 41 2008122 N/33547 43 2008122 N/33548 35 2008129 N/33755 41 2008129 N/33756 42 2008129 N/33757 35 2008129 N/33758 41 2008129 N/33759 42 2008129 N/33760 35 2008129 N/33761 41 2008129 N/33762 42 2008129 N/33763 41,42 2008124 301038654 41,42 2008124 301038654 41,42 2008124 301038672 41,42 2008124 301038672 41,42 2008124 301038663 41,42 2008124 301038663 (1) 3 1214 16 18 21 22 24 2526 27 35 3639 4142 4344 VII-12

(2) 41 42 (iii) www.sjmholdings.com 2011425 www.sjmholdings.com.hk 2011520 www.macausjm.com.mo 2009114 www.sjmmacau.com 20081220 www.sjmmacau.com.mo 2009114 www.sjm.com.mo 200911 www.pier16.com.mo 200881 www.ponte16.com.mo 200881 www.pier16.com.hk 2008105 www.ponte16.com.hk 2009511 www.grandlisboa.com 20091229 www.grandlisboahotel.com 2010211 www.grandlisboa.com.mo 200911 20081112008620 2007121 2007 3,900 VII-13

20081231 3,980 (a) XV XV78 352 381,262,500 7.625% 3,049,987,500 61% 1 2 300,000 10% 127,500,000 2.55% 95,625,000 1.91% 15,937,500 0.32% 15,937,500 0.32% 1. STDM 3,049,987,500 STDM 99.99%0.01% 2. 300,00010% (b) XV23 XV23 VII-14

10% STDM (1) 3,049,987,500 61% (2) 3,049,987,500 61% (3) (4) 49,000 49% (4) 49,000 49% (5) (6) 49,000 49% 49,000 49% (7) 1. STDM 99.99%0.01% 2. STDM 3. 4. Pier 16 Antique Collections Limited 5. 49,000 6. 7. 49,000 (i) XV78 XV 352 (ii) XV2 3 10% VII-15

(iii) (iv) (v) (vi) (vii) 5% STDM 3543 17.5% 16.0% VII-16

0.2% 5 978,580 8,3309797 2002 200212 General Association of the WorkersRights and Interests Council Association of STDM Workers2002719 310 2003 2008228157129 106 97 8,177.27,939.0 VII-17

STDM (a) STDM (e)stdm 200551%Macau Judicial Court 20076 2008422(i) 23,066(ii) (iii) (iv) (ii)(iv) 83 805,825 2008124 200821 37,45830,8486,610 1 10% 5 VII-18

STDM (b) STDM (e)stdm 334 MVI MVI MVI 6 90%100% STDM STDM STDM MVI VII-19

MVI MVI STDM MVI MVI2007330 2007330 2007330 MVI STDM MVI 2007330 VII-20

(i)(ii)(iii) 32 STDM (c)(iv) STDM (e)stdm (i)(ii)(iii) (iv) (a)(c) STDM VII-21

(a)(b) (c)(iv) STDM STDM STDM STDM STDM (i) (ii) STDM STDM STDM STDM STDM STDM STDM VII-22

4.826 3.58 3.084.08 1 João Nuno Riquito & Associados Advogados 1 46 155 1. 0.32% João Nuno Riquito & Associados Advogados 44A44B VII-23

(a) (b) (c) (d) 20071231 20071231 (e) 32L 4 VII-24