Hanoi, Vietnam: 11 May 2016: The Ho Tram Project Company today cut the ribbons on its new Hanoi office, expanding the reach of the company into the nation’s capital.

The new office will support the company’s sales and leasing efforts for its resort, golfing and residential developments, as well as provide a base for ongoing liaison with government as the nation’s gaming decree continues to take shape.

The Ho Tram Project Company is the developer of Vietnam’s leading entertainment destination, The Grand.  The Grand is 541 room integrated resort that features ten restaurants and bars, award winning Spa, three swimming pools, as well as the nation’s first international standard casino.  The first phase of the resort opened in 2013, and construction is well under way on the resort’s second tower, which will add another 559 rooms to the property.  The resort also includes Vietnam’s best golf course, and the first course in Vietnam to be featured in Golf Digest’s Top 100 courses in the world – The Bluffs. Work is also under way on a beachside condominium tower and a golf-course villa development.

The Hanoi opening was presided over by The Grand’s majority shareholder, Harbinger Capital’s Principal Mr. Phil Falcone and was attended by U.S. Ambassador Ted Osius, Vice Minister of Culture, Sports and Tourism Huynh Vinh Ai, Monetary and Financial Securities Department General Nguyen Hung Linh, Government officials and other VIP guests.

Mr. Falcone earlier reiterated his commitment to the development and to the nation, saying: “Nearly ten years ago, I made my first investment in what would become The Grand Ho Tram Strip, in beautiful Ba Ria-Vung Tau. I had an instinct that Vietnam was quickly on the path to becoming one of the world’s premier destinations for inbound international investment and have seen the country’s promise firsthand. I am still as bullish today as I was a decade ago about Vietnam’s future and as an investor, I’m all-in.”

“Hanoi is an important market for us, both as a source of potential tourists, potential investors into our residential offering as people look for beachfront homes, and the base for the nation’s government. It

is an honor then to be cutting the ribbon on this new office today,” said Mr. Michael Kelly, Executive Chairman of The Grand Ho Tram Strip. “This represents another milestone in our commitment to delivering on a truly world class entertainment destination to Vietnam.”

Located in Coner Stone Building 16 Phan Chu Trinh (Hanoi), the office will both employ a staff of its own as well as provide a working base for its Ho Tram based management team while in Hanoi.

-ENDS-

About Asian Coast Development (Canada) Ltd

Asian Coast Development Ltd. (ACDL) is an international development company specializing in integrated resort destinations. ACDL, through its wholly-owned subsidiary Ho Tram Project Company Ltd, a group of integrated resorts and residences located on more than 400 acres of land set on 2.2 kilometers of pristine beach in Ho Tram, Vietnam.

The first phase of its development – The Grand Ho Tram Strip – opened its doors in 2013 and includes a 541 room five-star hotel, a world-class entertainment facility, restaurants, high-tech meeting space, an exclusive VIP area, three swimming pools, as well as a variety of beach-front recreation activities. Adjacent to The Grand, the 18 hole Greg Norman designed Championship golf course – The Bluffs – opened for play in early 2014.

Construction is underway on a second tower at The Grand, with an additional 559 rooms, bringing the resort’s total to 1,100 as well as on a condotel and vacation home development. Later phases will include a second integrated resort similar in size and scale to The Grand, and additional five star resorts.

For more information about ACDL, please visit www.asiancoastdevelopment.com