YTL-C1A - Notice of Book Closure

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS EXPIRING ON 30 JUNE 2025 OVER ORDINARY SHARES OF YTL CORPORATION BERHAD ("YTL") ("YTL-C1A") PURSUANT TO THE BONUS ISSUE OF UP TO 2,267,112,038 WARRANTS IN YTL ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 5 EXISTING ORDINARY SHARES IN YTL ("SHARES") HELD AS AT 5.00 P.M. ON 27 MAY 2025 ("BONUS ISSUE OF WARRANTS")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 26 May 2025

2) The last date of lodgment : 27 May 2025

Remarks :

Please refer to Macquarie Capital Securities (Malaysia) Sdn. Bhd.'s announcement dated 27 January 2025 regarding adjustments to the terms of YTL-C1A. Definitions contained in the earlier announcement shall apply throughout this announcement, unless otherwise defined herein.

In accordance with Condition 6 of the "Conditions of the Cash-Settled Single Equity Call or Put Warrants" as set out in the Deed Poll dated 13 September 2024 and subject to the conditions as further set out below, the Exercise Price and Exercise Ratio shall be adjusted in accordance with the following formulae (and rounded to the nearest four decimal points):

(i) Adjusted Exercise Price = [(1 + (R/S) x M) / (1+M)] x X

(ii) Adjusted Exercise Ratio = [(1 + (R/S) x M) / (1+M)] x E

Where:

R = RM1.50, being the exercise price of the Warrants

S = The last traded price of the Shares on the last market day on which the Shares are traded on a cum-entitlement basis

M = 0.2, being the number of Warrants (whether a whole or a fraction) per existing Share that a Shareholder would be entitled to receive under the Bonus Issue of Warrants

X = RM2.78, being the existing Exercise Price of YTL-C1A immediately prior to the Bonus Issue of Warrants

E = 6, being the existing Exercise Ratio of YTL-C1A immediately prior to the Bonus Issue of Warrants

Notwithstanding the foregoing, no adjustments will be made to the Exercise Price and/or Exercise Ratio if (i) the Bonus Warrants are theoretically out-of-the-money as of the last market day on which the Shares are traded on a cum-entitlement basis (i.e. S is smaller than R); or (ii) the formulae above results in an adjustment which would amount to less than two percent (2%) of the Exercise Price and/or Exercise Ratio being changed.

We will make an announcement on any actual adjustments on the last market day on which the Shares are traded on a cum-entitlement basis. Actual adjustments will take effect from 9.00 am on 26 May 2025, being the ex-date of the Bonus Issue of Warrants.