Net Profit Increases 21.7% to Record Level
Revenues and Adjusted EBITDA Also at Record Highs

 (Hong Kong, 7 May 2012) – SJM Holdings Limited (the “Company”) is pleased to announce selected unaudited key performance indicators of the Company and its subsidiaries (collectively the “Group”) for the three months ended 31 March 2012 (“Q1 2012”).

During Q1 2012, the Group’s VIP gaming revenue was HK,352 million, an increase of 4.7% from HK,748 million in Q1 2011, mass market gaming revenue was HK,938 million, an increase of 18.4% from HK,015 million, and slot machine (and Tombola) revenue was HK4 million, an increase of 4.1% from HK8 million. The Group’s total revenue during Q1 2012 of HK,838 million included hotel, catering and related services revenue of HK4 million (Q1 2011: HK0 million).

During Q1 2012 the Group operated an average of 603 VIP gaming tables (Q1 2011: 565), 1,165 mass market gaming tables (Q1 2011: 1,179) and 3,877 slot machines (Q1 2011: 3,943) (average of three month-end counts).

Total VIP chips sales for the Group during Q1 2012 were HK4.2 billion (Q1 2011:  HK3.9 billion) and the VIP gaming hold percentage (before commissions and discounts) was 2.94% (Q1 2011: 2.81%).

During Q1 2012, the Grand Lisboa Hotel achieved an average occupancy rate of 92.6% and average room rate of HK,146 per night, as compared with average occupancy rate of 88.3% and average room rate of HK,055 in Q1 2011.

Capital expenditure of the Group during Q1 2012 was HK million, which was primarily for furniture, fixtures and equipment, and chips. As at 31 March 2012, the Group had total cash of HK,066 million and debt of HK,812 million.

Speaking on the first quarter results, Dr. Ambrose So, Chief Executive Officer of SJM Holdings Limited, said “Our casinos, and their gaming and gaming-related services, continued to show solid growth in the first quarter of the year. We are very pleased that SJM delivered all-time record results in revenues, adjusted EBITDA and net profit, and we believe the Company is well-positioned for the future.”

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