We wish to announce that YTLPOWR-C53 had expired at 9.00 a.m. on 13 January 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of YTLPOWR-C53 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of YTLPOWR-C53 exercised x (1/5) x (RM4.3887 - RM4.8800) 
= Number of YTLPOWR-C53 exercised x RM0.0000 

The Closing Price of RM4.3887 is the average daily volume weighted average price (VWAP) of the ordinary shares of YTLPOWR on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The YTLPOWR-C53 is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised YTLPOWR-C53 will cease to be valid and all our obligations in respect to YTLPOWR-C53 shall terminate absolutely.

This announcement is dated 13 January 2025.