Pursuant to Paragraph 9.19(23) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, YTL Corporation Berhad (Company or YTL Corp) wishes to announce that YTL Cement Singapore Pte Ltd (YTL Cement Singapore), a wholly-owned subsidiary of YTL Cement Berhad (YTL Cement) which in turn is a subsidiary of YTL Corp, has today acquired 30,000,000 ordinary shares in Sin Heng Chan (Singapore) Pte Ltd (Sin Heng Chan (Singapore)), representing 100% of the issued and paid-up capital of Sin Heng Chan (Singapore), for a total consideration of S$24,734,274.00 (equivalent to RM64,969,517.52 based on Bank Negara Malaysias published middle rate of 2.6267 RM/SGD as at close of business on 3 December 2014)(the Acquisition). As a result of the Acquisition, Sin Heng Chan (Singapore) has become a wholly-owned subsidiary of YTL Cement and an indirect subsidiary of YTL Corp.

Sin Heng Chan (Singapore) was incorporated in Singapore on 8 August 1978 and is principally engaged in the business of cement terminal operation and trading in cement.

The Acquisition is not expected to have any material effect on the net assets or gearing of the YTL Corp group for the current financial year. None of the Directors or major shareholders of the Company or persons connected with them has any interest, direct or indirect in the Acquisition.