Silverlake Axis Ltd. Voluntary Unconditional Offer and Shareholder Circular Details – 2024

Key Facts and Investor Actions:

1. Offer Overview:

   • A voluntary unconditional offer is made by E2I Pte. Ltd. (the “Offeror”), via United Overseas Bank Limited (UOB), to acquire all ordinary shares in Silverlake Axis Ltd., excluding those already owned by the Offeror or the company as treasury shares.
   • The offer price is S$0.36 per share in cash, or shareholders may opt for a combination of S$0.30 in cash and 1 New Offeror Redeemable Preference Share (RPS) per share.
   • The New Offeror RPS will be mandatorily redeemed in 5 years at S$0.18 per share.

2. Acceptance Deadline:

   • The offer will close at 5:30 p.m. (Singapore time) on 7 October 2024, unless extended by the Offeror.

3. Important Considerations:

   • Investors should carefully consider the recommendation from the Independent Financial Adviser (IFA), PrimePartners Corporate Finance Pte. Ltd., and the Recommending Directors before taking action.
   • Investors can opt for cash consideration or a combination of cash and preference shares but cannot mix both options for different shares.

4. Dividend Adjustments:

   • If shareholders opt for the offer after the record date of the final proposed dividend of S$0.0036 per share for FY2024, the offer price will be reduced accordingly.

Dates and Price Information:

• Offer Price: S$0.36 per share (Cash option), or S$0.30 in cash plus 1 New Offeror RPS (Combi option).
• Dividend Record Date: 7 November 2024.
• Offer Closing Date: 5:30 p.m. on 7 October 2024.