General Announcement::LANDMARK DEVELOPMENT PROJECTS LISTED AS PERMITTED INVESTMENTS BY MYANMAR INVESTMENT COMMISSION

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 13-Jan-2017 07:54:35
Status: New
Announcement Sub Title: LANDMARK DEVELOPMENT PROJECTS LISTED AS PERMITTED INVESTMENTS BY MYANMAR INVESTMENT COMMISSION
Announcement Reference: SG170113OTHRD4W2
Submitted By (Co./ Ind. Name): Melvyn Pun
Designation: Chief Executive Officer
Description (Please provide a detailed description of the event in the box below): LANDMARK DEVELOPMENT PROJECTS LISTED AS PERMITTED INVESTMENTS BY MYANMAR INVESTMENT COMMISSION

Reference is made to the various announcements by Yoma Strategic Holdings Ltd. (the "Company") in relation to its redevelopment of (a) the mixed-use development located at Bogyoke Aung San Road (b) the former headquarters of the Burma Railway Company into "The Peninsula Yangon" (collectively, the "Landmark Projects").

The Company is pleased to inform shareholders that both of the Landmark Projects have been approved by the Myanmar Investment Commission and listed as Permitted Investments (1/2017). This is a major milestone towards satisfaction of conditions in the Company's shareholders agreements with its respective joint venture partners. The Company will work with these partners to finalise the Landmark Projects.

BY ORDER OF THE BOARD

Melvyn Pun
Chief Executive Officer

13 January 2017