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YTL Corp Announces Voluntary Share Exchange Offer to YTL e-Solutions Shareholders

Kuala Lumpur, Monday 25 July 2016

YTL Corporation Berhad announced today that it has extended a voluntary share exchange offer (ďOfferĒ) to YTL e-Solutions Berhad, which will enable the shareholders of YTL e-Solutions to exchange their YTL e-Solutions shares for shares in YTL Corp.

The Offer is to be undertaken at an offer price of RM0.55 for each ordinary share of RM0.10 in YTL e-Solutions, to be satisfied through the issuance of ordinary shares of RM0.10 each in YTL Corp at an issue price of RM1.65. This translates into an exchange ratio of approximately 0.333 YTL Corp share for each 1 YTL e-Solutions tendered.

YTL Corpís rationale for the Offer is that the relatively low trading activity in the shares of YTL e-Solutions does not present shareholders with the necessary platform to maximise the value of their investments in YTL e-Solutions via a continued listing. Based on historical trading patterns, it is YTL Copís view that these low liquidity levels are likely to continue and, accordingly, the purpose of maintaining YTL e-Solutionsí listing status for the trading liquidity of its shares does not appear to have been achieved. Accordingly, the Offer is a viable way to provide YTL e-Solutions shareholders more liquidity for their investments via the exchange into the shares of YTL Corp.

The Offer represents an opportunity for YTL e-Solutionsí shareholders to participate in the future growth prospects of the enlarged YTL Corp Group, and it is envisaged the full consolidation of the businesses of the YTL e-Solutions group and the YTL Corp Group will create a more cohesive and efficient operating structure going forward. In addition, YTL Corp is a component stock of the FBM KLCI, which constitutes the top 30 largest and most liquid stocks on Bursa Securities.

The Offer is intended to provide shareholders of YTL e-Solutions with an opportunity to reduce their exposure to a single industry in exchange for an investment in the diversified operations of the YTL Corp Group, which has the added ability to pursue larger scale growth and development opportunities should they arise.

For YTL Corpís shareholders, the Offer represents an opportunity to increase YTL Corpís stake in the business and streamline its IT-related operations for the benefit of the wider Group.
 
The Offer is subject to approval of the relevant regulatory authorities and further details will be announced in due course.

For more information please see the following Company Announcements on Bursa Malaysia:
YTL Corp: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5156337
YTL e-Solutions: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5156081





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