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 (Hong Kong) Limited (YTL Cement (Hong Kong)), a wholly-owned subsidiary of YTL Cement Berhad (YTL Cement) which in turn is a subsidiary of YTL Corp, has acquired 1 ordinary share in Hopefield Enterprises Limited (Hopefield), representing 100% of the issued and paid-up capital of Hopefield, for a cash consideration of HK$1.00 (the Acquisition). As a result of the Acquisition, Hopefield has become a wholly-owned subsidiary of YTL Cement and an indirect subsidiary of YTL Corp.

Hopefield was incorporated in Hong Kong on 30 March 2014 and will be principally involved in investment holding.

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.