Net Profit up 28%; Adjusted EBITDA Margin Increases

(Hong Kong, 8 August 2012) – SJM Holdings Limited (the “Company”) today announced the unaudited consolidated interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2012.

FINANCIAL HIGHLIGHTS

OPERATING HIGHLIGHTS

• In addition to the increases in gaming revenue, Adjusted EBITDA and profit attributable to owners of the Company of 3.8%, 9.1% and 28.0%, respectively, from the year-earlier period, the Group’s Adjusted EBITDA Margin (Hong Kong GAAP basis) improved to 9.7% from 9.2%, reflecting greater efficiency of the Group’s operations.
• The Group’s mass market table gaming revenue grew by 15.1%, whilst VIP gaming revenue showed a slight decline of 0.5% during the first half of 2012, compared with the year-earlier period.  During the same period slot machines operations revenue grew by 3.2% compared with the year-earlier period.
• Sociedade de Jogos de Macau, S.A. (“SJM”) continued to lead in market share of the Macau casino gaming market, in spite of new gaming capacity introduced into Macau by competitors, with 32.4% of mass market table gaming revenue, 26.0% of VIP gaming revenue, and overall gaming market share of 27.0%.
• The Group maintained a strong financial position with cash, bank balances and pledged bank deposits of HK.0 billion as at 30 June 2012.
• The Group continued to obtain excellent performance from its flagship Casino Grand Lisboa, which increased revenue, Adjusted Property EBITDA and attributable profit by 22.2%, 22.5% and 37.6%, respectively, as compared to the year-earlier period.
• Hotel Grand Lisboa achieved average occupancy of 93.2% and average daily room rate of HK,131, increases of 4.4% and 3.2% from the year-earlier period.
• An interim dividend of HK10 cents per ordinary share has been declared.
• Speaking on the first half results, Dr. Ambrose So, Chief Executive Officer of SJM Holdings Limited, said “I am pleased to note that in the first half of 2012, SJM showed strong operating results, with increases in net profit, adjusted EBITDA and revenue, and the Company continued to lead the market in Macau.  In spite of global economic uncertainties, we remain optimistic about our business for the balance of 2012 and thereafter.”

Further information on SJM Holdings Limited can be found on www.sjmholdings.com.