Rules 28 and 49C(3) Notices

In accordance with Rules 28 and 49C(3) of the Takeovers Code, please find attached a notice in respect of CDL Hotels Holdings New Zealand Limited's ("CDLHH NZ") full offer under the Takeovers Code to purchase all of the fully paid ordinary shares in Millennium & Copthorne Hotels New Zealand Limited ("MCK") not already held by CDLHH NZ ("Offer") declaring that: - the Offer has been varied to increase the consideration payable from $2.25 per ordinary share in MCK to $2.80 per ordinary share; and - the Offer has become unconditional.