MCK 09/02/2015 08:30 ASSET PRICE SENSITIVE REL: 0830 HRS Millennium & Copthorne Hotels New Zealand Limited ASSET: MCK: Update: KIN Holdings Ltd acquisition Further to its announcement on 24 December 2014 advising that it had entered into a conditional agreement with the Tai Tak Group (Tai Tak) for the acquisition of the remaining 38.7% of the shares in KIN Holdings Limited (KIN Holdings) which it does not already own, Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) advises that it has now obtained approval from the Australian Foreign Investment Review Board (FIRB) for the acquisition. Completion of the acquisition is therefore expected to take place on the last business day of this month, Friday 27 February. ENDS Enquiries: Millennium & Copthorne Hotels New Zealand Limited (09) 353 5058 BK Chiu / Takeshi Ito Managing Director / Group Company Secretary End CA:00260393 For:MCK Type:ASSET Time:2015-02-09 08:30:52