We wish to announce that YTL-C79 had expired at 9.00 a.m. on 13 January 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of YTL-C79 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of YTL-C79 exercised x (1/2) x (RM2.6290 - RM2.8800) 
= Number of YTL-C79 exercised x RM0.0000 

The Closing Price of RM2.6290 is the average daily volume weighted average price (VWAP) of the ordinary shares of YTL on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The YTL-C79 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-C79 will cease to be valid and all our obligations in respect to YTL-C79 shall terminate absolutely.

This announcement is dated 13 January 2025.