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SC approves YTL Corp's 1-for-15 offer for sale of YTL Power warrants

Kuala Lumpur, September 5, 2012

The Securities Commission Malaysia has approved YTL Corporation Berhad’s proposal to undertake a renounceable offer for sale of its warrants in YTL Power International Berhad to shareholders of YTL Corp.  

The warrants will be offered to shareholders of YTL Corp on a renounceable basis at an offer price of RM0.20 per warrant, representing a substantial discount of approximately 62% to the 5-day weighted average market price of RM0.53 per warrant.

YTL Corp will determine and announce the entitlement date for the renounceable offer for sale in due course.

Together with the 1-for-15 share dividend and the 20% interim cash dividend already distributed for the 2012 financial year, the gain to shareholders from the offer for sale would result in a dividend yield of about 9.0% (16.4 sen per share) for the financial year.

Tan Sri (Dr) Francis Yeoh, Managing Director of YTL Corporation Berhad said, “ It is our intention to reward long term shareholders of YTL Corporation Berhad with meaningful and substantial dividends in keeping with its status as one of the most successful and dynamic component stock on Bursa Malaysia. This substantial dividend this year is a precursor of its intention.”

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