B747 Captain reported an engine failure during the takeoff roll resulting in a high speed rejected takeoff. The flight returned to the parking area.

Narrative

Boeing 747-8 experienced a #3 engine failure and possible engine seizure on takeoff roll from ZZZZ RWY XX at approximately 110 knots in day VMC. The captain assumed aircraft control from the First Officer (Pilot Flying-PF) and executed a high-speed abort using Rejected Takeoff (RTO) auto-brakes and idle reverse thrust at approximately 40 knots prior to V1 decision speed. The aircraft slowed rapidly and the CA cleared the runway to the left at Taxiway 1. Having initially assessed the bang and yaw on takeoff roll as a tire failure on the right side; the CA was surprised to hear the observer pilot state that en engine failure had occurred and sometime later that exhaust gas temperature (EGT) limits had been exceeded. After clearing the runway the crew ran checklists to secure the number 3 engine and associated hydraulic and electrical failures. After the engine was secured the crew ran checklists for hot brakes and elected to return to chocks rather than hold hot brakes and try to coordinate with the ground controllers for an alternate parking area. Upon return to chocks the wheel brakes were all within normal temperature range. No passengers were aboard--just the tree (3) operating pilots. No PAN-PAN or MAYDAY was declared and no extraordinary assistance was requested or offered. Cause: Engine three (3) failure on takeoff roll following full takeoff power application.Suggestions: None--standard procedures and training were effective to resolve this malfunction.