Notice: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

August 9, 2024
Company name:Name of representative:
Inquiries:

MELCO HOLDINGS INC.
Hiroyuki Maki, President and CEO(Securities code: 6676)
Hideto Fukaya, General Manager,
CEO’s Office(Telephone: +81-3-4213-1122)

Notice Concerning Proportion of Distributed Assets (Estimate of Proportion to beFinalized) Related to Dividends in Kind of Subsidiary Shares (Share-Distribution-TypeSpin-off)
MELCO HOLDINGS INC. (the “Company”) decided at a meeting of the Board of Directors held on May 13, 2024,
to submit to the 38th Annual General Meeting of Shareholders held on June 26, 2024 (“this General Meeting ofShareholders”) a proposal to distribute all of the shares of the Company’s subsidiary Shimadaya Corporation(“Shimadaya”) held by the Company to shareholders through dividends in kind (dividends of property other thancash) (the “Spin-off”). That proposal relating to the Spin-off was approved at this General Meeting of Shareholders.
As an estimate has been made for the proportion of distributed assets to be finalized for the Spin-off (the proportion
prescribed in Article 23, paragraph (1), item (iii) of the Order for the Enforcement of the Corporation Tax Act andArticle 61, paragraph (2), item (iii) of the Order for Enforcement of the Income Tax Act related to share distribution),
the Company hereby announces the details as described below.
The proportion of distributed assets will ultimately be finalized when the Spin-off takes effect. However, as no
significant changes are expected at this point in time, the Company hereby announces an estimate of the proportion
to be finalized. Regarding the notification of the proportion of the distributed assets based on Article 119-8-2,
paragraph (2) of the Order for the Enforcement of the Corporation Tax Act and Article 113-2, paragraph (4) of theOrder for Enforcement of the Income Tax Act to be provided to the Company’s shareholders on September 30,
2024, the record date of the Spin-off, it is expected to be dispatched around the end of October 2024.
1.

Proportion of distributed assets
Proportion of distributed assets (estimate of proportion to be finalized): “0.275”

2.

Tax treatment(1) Individual Shareholders
The acquisition prices of shares of the Company’s stock and shares of Shimadaya’s stock for individual
shareholders for the purpose of taxation after the Spin-off shall be the prices calculated by the following
formulas using the proportion of distributed assets (Article 113-2, paragraph (1) and (2) of the Order for
Enforcement of the Income Tax Act).
Acquisition price per share of Shimadaya’s stock (X) = Acquisition price before adjustment per share of
the Company’s stock (Y) × Proportion of distributed assets (“0.275”) ÷ ratio of allocation (“1”)
Acquisition price per share of the Company’s stock after the Spin-off (Z) = (Y) - (Y) × proportion of
distributed assets (“0.275”)<<Example>> Acquisition price after adjustment in the event of purchasing the Company’s stock at a
price of ¥3,290 per share (closing price of common shares of the Company’s stock on
the Tokyo Stock Exchange Standard Market on July 31, 2024)
Acquisition price per share of Shimadaya’s stock = ¥3,290 × 0.275 ÷ 1 = ¥905
Acquisition price per share of the Company’s stock after the Spin-off = ¥3,290 - (¥3,290 × 0.275) =¥2,385-1-* Please note that the adjustment of the acquisition prices is for tax purposes only, and the acquisition
prices for tax purposes mentioned above do not mean the values of shares of Shimadaya’s stock andshares of the Company’s stock after the Spin-off, respectively.
(2) Corporate shareholders
The acquisition prices of shares of the Company’s stock and shares of Shimadaya’s stock for corporateshareholders for the purpose of taxation after the Spin-off shall be the prices calculated by the following
formulas using the proportion of distributed assets (Article 119, paragraph (1), item (viii) and Article
119-3, item (xiv) of the Order for the Enforcement of the Corporation Tax Act).
Book value (for tax purposes) of shares of Shimadaya’s stock (P) = book value (for tax purposes) of
shares of the Company’s stock before adjustment (Q) × proportion of distributed assets (“0.275”)
Book value (for tax purposes) of shares of the Company’s stock after the Spin-off (R) = (Q) - (P)* The descriptions of tax treatment above do not exhaust the tax procedures, etc. required of shareholders,
nor mention the tax treatment in countries other than Japan in relation to the Spin-off. Specific tax
procedures and the tax treatment on the side of shareholders may vary depending on the individual
circumstances of each shareholder. Please consult with your local tax office, tax accountant, etc. todetermine how the Spin-off shall be treated for tax purposes under your own circumstances.
###-2-