[Deutsche Bank Trust Company Americas Trust & Securities Services Global Equity Services April 1, 2016 DEPOSITARY RECEIPTS Depositary’s Notice of Annual General Meeting of Shareholders of Melco Crown Entertainment Limited (the “Company”): Issuer: Melco Crown Entertainment Limited / Cusip 585464100 Country: Incorporated in the Cayman Islands Meeting Details: Annual General Meeting of Shareholders of the Company on May 18, 2016] [Melco Crown Entertainment Limited (Incorporated in the Cayman Islands with Limited Liability) NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 18, 2016 Dear Shareholders, Annual General Meeting Company You are cordially invited to attend the Annual General Meeting of Shareholders (the “ 1. 2. To ratify the appointment of and re-appoint the independent auditors of the] [Melco Crown Entertainment Limited (Incorporated in the Cayman Islands with Limited Liability) Annual General Meeting of Shareholders (Name of ADR holder) (Number of ADRs held) Resolutions presented for consideration by the Annual General Meeting of Shareholders of Melco Crown Entertainment Limited (the “Company”) on May 18, 2016. For Against Abstained Ordinary Resolutions 1) 2) To ratify the appointment of and] [Form 6–K TABLE OF CONTENTS Voting Card MELCO CROWN ENTERTAINMENT LIMITED Stephanie Cheung Chief Legal Officer and Company Secretary 3]

[MODIFICATION OF EMPLOYEE SHARE OPTIONS MACAU, Monday, March 21, 2016 Company The outstanding share options granted in the relevant years are with exercise prices that are higher than the current market price of the Company’s ordinary shares and, as a result, the Company believes these share options have negative repercussions on employee retention in a highly competitive labor market in] [Form 6–K TABLE OF CONTENTS MELCO CROWN ENTERTAINMENT LIMITED Geoffrey Davis, CFA Chief Financial Officer 3]