We wish to announce that YTL-C10 had expired at 9.00 a.m. on 22 December 2017 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount

= Number of YTL-C10 exercised x (1/Exercise Ratio) x (Closing Price – Exercise Price) – 0.30%* 

= Number of YTL-C10 exercised x (1/1.4706) x (RM1.3004 - RM1.5686) – 0.30%* 

= Number of YTL-C10 exercised x RM0.0000 – 0.30%* 

*The Exercise Expenses are subject to 6% GST.

The Closing Price of RM1.3004 is the average daily volume weighted average price (VWAP) of the ordinary shares of YTL for the five (5) market days prior to and including the market day immediately before the Expiry Date. The YTL-C10 is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised YTL-C10 will cease to be valid and all our obligations in respect to YTL-C10 shall terminate absolutely.

This announcement is dated 22 December 2017.