General Announcement::CLARIFICATION ANNOUNCEMENT

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
15-Apr-2019 18:21:43
Status
New
Announcement Sub Title
CLARIFICATION ANNOUNCEMENT
Announcement Reference
SG190415OTHRGSR1
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Company refers to the announcement released on 12 April 2019 in relation to the acquisition by its subsidiary, United Industrial Corporation Limited ("UIC"), of shareholding interests in Marina Centre Holdings Private Limited ("MCH") and Aquamarina Hotel Private Limited.

The Company wishes to clarify that on the completion of the Transactions, UIC (through its various subsidiaries including S.L Development Pte. Limited ("SLD")), instead of SLD alone, and UOL Group Limited will have, respectively a shareholding interest of 77.34 per cent. and 22.66 per cent. in MCH.

Capitalised terms and abbreviations above are as defined in the 12 April 2019 announcement.