Firm Offer Announcement and Appointment of Independent Financial Adviser for NSL Ltd

Key Points for Investors:

1. Mandatory Cash Offer: YTL Cement Berhad has made a firm offer to acquire all issued shares of NSL Ltd at S$0.750 per share. This follows YTL’s acquisition of 81.24% of NSL shares from 98 Holdings Pte. Ltd. for approximately S$227.6 million.
2. Completion of Acquisition: The acquisition is expected to be completed 10 business days after 23 September 2024.
3. Offer Document: The offer document detailing the terms and conditions will be dispatched between 14 to 21 days after 23 September 2024.
4. Appointment of Adviser: SAC Capital Private Limited is appointed as the independent financial adviser for the independent directors of NSL Ltd.
5. Cautionary Note: Investors are advised not to make any hasty decisions regarding their shares until reviewing the advice from the independent financial adviser.

Special Considerations:

• The offer is final, and the price of S$0.750 per share will not be revised.
• Shareholders should await the offer document and offeree circular before taking action.

Dates & Price Information:

• Offer Price: S$0.750 per share.
• Key Dates: Offer Document dispatch within 14–21 days from 23 September 2024. Completion expected 10 business days after 23 September 2024.