Interested Person Transaction::INTERESTED PERSON TRANSACTIONS

Issuer & Securities

Announcement Title: Interested Person Transaction
Date &Time of Broadcast: 02-Nov-2016 19:12:55
Status: New
Announcement Sub Title: INTERESTED PERSON TRANSACTIONS
Announcement Reference: SG161102OTHR2MMO
Submitted By (Co./ Ind. Name): Foo Thiam Fong Wellington
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Please refer to the attachment for details.

Interested Person Details: Pursuant to the requirements of Chapter 9 of the Listing Manual of the Singapore Exchange Securities Trading Limited ("Listing Manual"), UOL Group Limited (the "Company") wishes to announce the grant of shareholders' loans to its associated companies, namely UVD (Projects) Pte. Ltd., United Venture Investments (HI) Pte. Ltd. and United Venture Development (Clementi) Pte. Ltd.

The provision of these shareholders' loans are in accordance with the terms and conditions of the joint ventures entered into by subsidiaries of both the Company and United Industrial Corporations Limited ("UIC") for the acquisitions of Raintree Gardens, Holborn Island and The Clement Canopy.

Under the Listing Manual, UIC is deemed as an associate of Dr Wee Cho Yaw, the Chairman and controlling shareholder of the Company. Accordingly, the abovementioned joint ventures (including the provisions of the said shareholders' loans) are deemed as interested person transactions.

For further details on the shareholders' loans, please refer to the attachment.

Total size =166K