THE M3: GALAXY MACAU BLOCK SELL

The Macau Metro Monitor, April 24, 2012

GALAXY MACAU SHAREHOLDER SELLS $141 MM STAKE Reuters

An undisclosed institutional investor in Galaxy Macau sold about $141 million stake in the company.  A block of 50 million shares was sold at HK$21.80, a discount of nearly 4% to Galaxy's last traded price, the source said.  The shares were offered in a range of HK$21.70-21.90 each.

Citigroup and Goldman Sachs were the joint book runner, said the source.