We refer to previous announcements dated 3 April 2015, 30 June 2015, 17 September 2015, 18 September 2015, 30 September 2015, 7 October 2015, 8 October 2015 and 30 October 2015 in relation to, amongst others, the issuance of 792,515,753 redeemable convertible preference shares (“RCPS”) of RM0.01 each in UEMS at an issue price of RM1.00 each (“UEMS RCPS”) to UEM Group Berhad (“UEMG”), the immediate holding company of UEMS, where UEMG is the sole holder of the UEMS RCPS (“UEMS RCPS Issuance”).

The Board of Directors (“Board”) of UEMS wishes to announce that UEMS has on 24 April 2020, redeemed a total of 123,340,418 UEMS RCPS out of the share capital account of the Company for a redemption sum of RM150.0 million at approximately RM1.22 for each UEMS RCPS (“Redemption Amount”) following a redemption notice issued to UEMG on 17 April 2020 in accordance with the provision of Article 23 of the Company’s Constitution (“Redemption”).

Please refer to the attachment for the details of the announcement.

This announcement is dated 24 April 2020.