NEWS RELEASE For Immediate Release 10 March 2006

MGM MIRAGE-CapitaLand teams up with Media Asia & Associates to bring Top Asian Artistes and Performers to Marina Bay Integrated Resort

Singapore, 10 March 2006 – MGM MIRAGE and CapitaLand announced today a tie-up with Media Asia & Associates to provide Asian entertainment and A-list headliners for the partnership’s bid to build the Marina Bay Integrated Resort in Singapore. This tie-up will bring staged tours and concerts of some of Asia’s greatest names, especially for live entertainment, to perform at the new Marina Bay Integrated Resort.

The Media Asia & Associates family of companies represents one of Asia’s largest media and live entertainment groups, with its film production flagship, Media Asia Entertainment Group Ltd., listed in Singapore, and with other key family member companies leaders in live entertainment (East Asia Entertainment, Much Entertainment), in talent management (Rich & Famous, Mountain Entertainment, The Artiste Campus International) and in music production (East Asia Music (Holdings) Ltd.), along with important television (East Asia Satellite Television) and advertising (Vision Communications) entities. Collectively, the Media Asia & Associates family of companies successfully leverages its roster of stars and media/entertainment production skills across geographic markets and across the full range of content and event platforms.

Combining Media Asia & Associates’ strength in the Asian region with MGM MIRAGE’s recognised status as the worldwide leader in entertainment, MGM MIRAGE-CapitaLand will enrich the entertainment offerings at the proposed Marina Bay Integrated Resort, and position it as a top entertainment destination for live music, theater, art and dance. By this combination, Singapore will be the hub for the widest array of Western and Asian entertainment catering to Singaporeans and tourists from the West and Asia, especially and .

“We are pleased to participate in the MGM MIRAGE and CapitaLand bid for this exciting new chapter in Singapore’s entertainment future,” said Mr. John Chong, Executive Director and CEO of Media Asia Entertainment Group Limited. “Our wide network of celebrities - from Hong Kong, , China, , Japan, and other nations - will allow us to bring Asia’s leading talents from the worlds of music, film, theatre, and dance to Singapore, drawing visitors from across the region to this world-class resort in this world-class city.”

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Mr. J. Terrence Lanni, Chairman and CEO of MGM MIRAGE, said: “Delivering memorable live entertainment experiences has been a cornerstone of the MGM MIRAGE tradition for many years. We look forward to working closely with the professionals at Media Asia & Associates to create the most powerful entertainment programme proposed for the Marina Bay Integrated Resort; an unparalleled entertainment experience appealing to a wide range of audiences from countries throughout the region.”

MGM MIRAGE, a worldwide leader in entertainment, has extensive experience in developing first-class resorts and entertainment venues. The company currently operates dozens of entertainment options for resort guests in Las Vegas, ranging from big ticket, once-in-a-lifetime concerts and events in the MGM Grand Garden Arena and the Mandalay Bay Events Center, to Broadway shows like Mamma Mia! and Hairspray and top music acts and comedians in intimate theater environments, and many other varied offerings such as the Bellagio Fine Arts Gallery and Shark Reef Aquarium at Mandalay Bay. This broad experience and background will be the base upon which entertainment at the Marina Bay Integrated Resort will be built.

Mr. Liew Mun Leong, President and CEO of CapitaLand Group, said: “This tie-up is exceptional in its global reach, and draws on the best Western and Asian entertainment capabilities and talents from both the international and Asian performing scenes. MGM MIRAGE is the most successful entertainment programmer in the Entertainment Capital of Las Vegas while Media Asia & Associates has a similar reputation in Asia. We aspire to create defining and pleasurable experiences, unique in Singapore, which will captivate audiences from the region and beyond. The ‘East-to-West’ entertainment menu will be a cornerstone of our Marina Bay Integrated Resort bid, strengthening the ‘Uniquely Singapore’ brand positioning.”

About Media Asia & Associates Highlights of selected key operating units of Media Asia & Associates include the following:

Media Asia Entertainment Group Ltd.: The only international media company listed in Singapore, Media Asia Entertainment Group Ltd (“Media Asia Group”) is one of Asia’s largest film studios, producing 8 to 10 films annually and over 50 films since 1994. Among the studio’s most celebrated titles are Initial D (Hong Kong’s No. 1 film in 2005); A World Without Thieves (2004); and the all-time Asia-wide box office success, Trilogy (2002-2003) as well as, most recently, 2006’s Berlin Silver Bear winner, Isabella. Among its current slate of films to be released later this year is Media Asia Group’s The Banquet, Page 2 of 4 starring previously Oscar-nominated Zhang Zhiyi and directed by China’s celebrated director, Feng Xiao-Gang. In the past 10 years, Media Asia Group films have won 111 prizes in international competition, and have been nominated 269 times, including at such events as Cannes, the Berlin Film Festival, the Tokyo International Film Festival, the Venice Biennale, the Hong Kong Film Awards and the Taipei Golden Horse Film Festival.

Rich & Famous Talent Management (and sister companies): Under its three separate talent management companies, the Group has one of the largest rosters of stars in the industry, managing the careers of 32 of Asia’s leading talents. These include , Anthony Wong, Chapman To, Denise Ho, Maggie Q and Richie Jen, as well as discoveries such as Edison and Daniel Wu, and hail from nations and territories across the region, as well as from the US, the UK and Canada.

East Asia Entertainment Limited: Since 2002, more than 3.2 million people in Hong Kong have attended live concerts produced by East Asia Entertainment Limited, where the group represents roughly 70% of the market. Internationally, nearly 1.5 million people have attended Group concerts in nine different countries and 40 cities across the globe. The Group has staged tours and concerts for some of Asia’s greatest names, including: F4 Fantasy Live Concert 2002; ’s World Tour 2002, 2003 and Vision Tour 2004, 2005; Richie Jen in Concert 2004; ’s Concert 2004, China Tour 2005; the & Friends Charity Show 2004; 2005’s Crazy Classic Concert; 2005’s Beyond The Story Live Concert as well as the first-ever Hong Kong concert appearances of Singaporean star, Stephanie Sun, in 2005 and of Malaysian star Michael Wong’s own first-time upcoming Hong Kong concert; and, in 2005, the rock musical success, Butterfly Lovers, with Denise Ho.

East Asia Music (Holdings) Limited (and related labels): Since East Asia Music (Holdings) Limited’s creation in 2004, the Group’s labels have produced, distributed, or have in production 43 versions of 31 albums for 20 different leading Asian artists, acts and compilations, representing more than 2 million units sold to-date and have signed some of Asia’s most important acts, including Sammi Cheng, Leon Lai, Denise Ho, , and newcomers Janice and Charles Ying.

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About MGM MIRAGE MGM MIRAGE, (NYSE: MGM), one of the world's leading and most respected hotel and gaming companies, owns and operates 23 properties located in Nevada, Mississippi and Michigan, and has investments in four other properties in Nevada, New Jersey, Illinois and the . MGM MIRAGE has also announced plans to develop Project CityCenter, a multi-billion dollar integrated urban development project in the heart of Las Vegas, and has a 50 percent interest in MGM Grand Macau, a hotel-casino resort currently under construction in Macau S.A.R. MGM MIRAGE supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its properties. MGM MIRAGE also has been the recipient of numerous awards and recognitions for its industry-leading Diversity Initiative and its community philanthropy programs. For more information about MGM MIRAGE, please visit the company's website at www.mgmmirage.com.

About CapitaLand Group CapitaLand is one of the largest listed property companies in Asia. Headquartered in Singapore, the multinational company's core businesses in property, hospitality and real estate financial services are focused in gateway cities in Asia Pacific, Europe and the Middle East. The company's property and hospitality portfolio spans more than 70 cities in 18 countries. CapitaLand also leverages on its significant real estate asset base and market knowledge to develop fee-based products and services in Singapore and the region. The listed subsidiaries and associates of CapitaLand include The Ascott Group, Raffles Holdings, CapitaMall Trust, CapitaCommercial Trust and Australand, which is listed both in Singapore and Australia. For more information about CapitaLand, please visit the company’s website at www.capitaland.com.

Issued by: CapitaLand Limited (Co. Regn: 198900036N) Date: 10 March 2006

Media Contacts CapitaLand Limited Julie Ong DID: +65-68233541 Email : [email protected]

MGM MIRAGE Gordon Absher DID: +1-7028917006 Email : [email protected]

Media Asia & Associates Ronald Issen DID: +852-2853 6648 Email : [email protected] Page 4 of 4