Hong Kong Quality Assurance Agency ("HKQAA") was commissioned by Melco International Development Limited to conduct an independent verification of the Corporate Social Responsibility 2011 ("the Report") of Melco Group ("Melco"). The Report stated Melco's performance and efforts made towards corporate social responsibility for the period from 1st January 2011 to 31st December 2011.

The aim of this verification was to provide assurance of the information stated in the Report is accurate, reliable, material and objective.

Methodology

The process used in this verification was based on current best practices. The Report was reviewed against the following criteria:

•	The principles of completeness, accuracy, neutrality, comparability and responsiveness, as set out in the Institute of Social and Ethical AccountAbility standard AA1000

The verification procedure included reviewing relevant documentation, interviewing responsible personnel with accountability for preparing the Report and verifying the selected representative sample of data and information consolidated in the Report. Raw data and supporting evidence of the selected samples were thoroughly examined.

Conclusion

Based on the verification process conducted, the verifier has determined that the information presented in the Report provided a structured, balanced and consistent representation of Melco's performance in the context of corporate social responsibility. The verifier is satisfied that the Report includes factual statements and the data contained within the Report are accurate and reliable. It is a fair and honest representation of Melco's initiatives, targets, progress and performance on its sustainable development achievements.

Signed on behalf of Hong Kong Quality Assurance Agency

Connie Sham

Lead Verifier