Market Overview

Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Studio City International Holdings Limited

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Deutsche Bank announced today its appointment as Depositary Bank for
NYSE-listed American Depositary Receipt Program of Studio City
International Holdings Limited.

Studio City is a gaming, retail and entertainment resort located in
Cotai, Macau. It has a figure-8 Ferris wheel, family entertainment
center, 4-D flight simulator, nightclub and 5,000-seat live performance
arena and also features approximately 1,600 luxury hotel rooms, various
food and beverage establishments and approximately 35,000 square meters
of retail space. Studio City Casino, which has approximately 250 mass
market gaming tables and 970 gaming machines, is operated by Melco
Resorts (Macau) Limited, a holder of a gaming subconcession and one of
the subsidiaries of Melco Resorts & Entertainment Limited (NASDAQ: MLCO). Studio City International Holdings Limited (NYSE:MSC) operates
the non-gaming businesses of Studio City and is a subsidiary of Melco
Resorts & Entertainment Limited.*

"Deutsche Bank is pleased to expand its Depositary Receipts business in
the Asia-Pacific region by acting as depositary bank for Studio City's
NYSE-listed ADR program – our twelfth new DR mandate from Greater China
in 2018," said Brian Studdert, Global Head of Depositary Receipts at
Deutsche Bank. "We look forward to building on our strong relationship
with Melco Resorts & Entertainment, one of our long-established DR
clients and parent company of Studio City, by establishing this new
program for Studio City and supporting its future growth."

In addition to specializing in administering cross-border equity
structures such as New York Shares, American and Global Depositary
Receipts, Deutsche Bank provides corporates, financial institutions,
hedge funds and supranational agencies around the world with trustee,
agency, escrow and related services. The Bank offers a very broad range
of services for diverse products, from complex securitizations and
project finance to syndicated loans, debt exchanges and restructurings.

* Source: Studio City International Holdings Limited (October 2018)

 
Depositary Receipt Information
Country     China (Cayman Islands incorporated)
Custodian Bank Deutsche Bank AG, Hong Kong Branch
Effective Date October 22, 2018
 
Level III ADR
CUSIP 86389T 106
ISIN US86389T1060
Symbol MSC
Exchange NYSE
Current Ratio 1 ADR : 4 Class A Ordinary Shares
Eligibility DTC
 
Depositary Receipt Contacts
Head of Depositary Receipts

New Business Development

Brian Studdert William Ng
Tel: +1 212 250 4774 Tel: +852 2203 7889
 

www.adr.db.com

Markets Distribution

adr@db.com

London
Tel: +44 (0) 20 7547 6500

gtb.db.com

New York
Tel: +1 212 250 9100
Hong Kong
Tel: +852 2203 7854
 

Deutsche Bank provides commercial and investment banking, retail
banking, transaction banking and asset and wealth management products
and services to corporations, governments, institutional investors,
small and medium-sized businesses, and private individuals. Deutsche
Bank is Germany's leading bank, with a strong position in Europe and a
significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service
which is the subject of this notice is not available to retail clients
as defined by the UK Financial Conduct Authority. This notice has been
approved and/or communicated by Deutsche Bank AG New York. The services
described in this notice are provided by Deutsche Bank Trust Company
Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in
accordance with appropriate local registration and regulation. Deutsche
Bank is providing the attached notice strictly for information purposes
and makes no claims or statement, nor does it warrant or in any way
represent, as to the accuracy or completeness of the details contained
herein or therein. This announcement appears as a matter of record only.
Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other
issuer or entity for the purchase or sale of any securities nor does it
constitute a solicitation to any person in any jurisdiction where
solicitation would be unlawful. No part of this notice may be copied or
reproduced in any way without the prior written consent of Deutsche
Bank. Past results are not an indication of future performance.
Copyright© October 2018 Deutsche Bank AG. All rights reserved.

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