PROPOSED DEMERGER OF THE PROPERTY BUSINESS THROUGH THE DIVIDEND IN SPECIE

OF ALL THE ISSUED SHARES IN FRASERS CENTREPOINT LIMITED TO SHAREHOLDERS AND

THE LISTING OF FRASERS CENTREPOINT LIMITED BY WAY OF AN INTRODUCTION ? BOOKS

CLOSURE DATE

Unless otherwise defined, all capitalised terms and references used in this Announcement shall have

the meanings ascribed to them in the announcements dated 27 August 2013, 27 October 2013 and 28

October 2013, 13 November 2013, 6 December 2013, 23 December 2013, 27 December 2013, the

Circular to Shareholders dated 28 October 2013 (the ?Circular?) and the Introductory Document to

Shareholders dated 28 October 2013.

 

1. INTRODUCTION

On 23 December 2013, Fraser & Neave, Limited (?Company?) announced that the transfer

 

 

books of the Company and the Register will be closed from 5.00 p.m. on 2 January 2014



 

(?Books Closure Date?) for the purposes of determining the entitlements of Shareholders to

 

 

the FCL Distribution.



 

2. ENTITLEMENTS OF THE ENTITLED SHAREHOLDERS

As at 5.00 p.m. on 2 January 2014, the total number of ordinary shares in the issued share



 

capital of the Company (?Shares?) was 1,444,906,286 (excluding 4,100 treasury shares).

 

 

Based on the total number of Shares as at the Books Closure Date, pursuant to the FCL

Distribution, for every Share held by Shareholders, each Shareholder will receive two FCL

Shares, except that the FCL Shares which will be otherwise distributed to Overseas

Shareholders pursuant to the FCL Distribution shall be dealt with in the manner described in

paragraph 5.5 of the Circular.

 

3. CASH EQUIVALENT OF DIVIDEND IN SPECIE

The cash equivalent per Share for the dividend in specie of the Company is S$2.0146873

 

 

(rounded to seven decimal places), being the amount of S$2,911,034,349 divided by



1,444,906,286.