Further to the announcement by the Company on 14 May 2019 with regard to the establishment of a RM750.0 million in nominal value of unrated perpetual securities issuance programme ("Perpetual Securities Programme"), we are pleased to announce that the Company had on 7 August 2019 issued RM263.0 million in nominal value of senior ranking unrated perpetual securities ("Perpetual Securities") pursuant to the Perpetual Securities Programme.

The Perpetual Securities are secured over a parcel of land in Kuala Lumpur and an escrow account. The Perpetual Securities have a coupon rate of 6.85% per annum for the first 5 years, payable on a semi-annual basis. The Company has the option to redeem the Perpetual Securities at the end of the 5th anniversary after the issue date, and on each subsequent coupon payment date.

The net proceeds raised from the Perpetual Securities are intended to be utlilised by YNH and/or its subsidiaries, associated companies and/or jointly controlled entities ("YNH Group") for, amongst others, the following:

i) YNH Group's investments (including amongst others, purchase of lands, buildings, property and/or shares; and/or payment into joint ventures); and/or

ii) the YNH Group's capital expenditure and working capital; and/or

iii) repayment of borrowings, financing facilities and/or banking facilities of the Company and/or any members of the YNH Group.

CIMB Investment Bank Berhad is the sole principle adviser, sole lead arranger and sole lead manager for the Perpetual Securities Programme and Perpetual Securities issuance.

This announcement is dated 7 August 2019.