Common Contracts

PRACTICE NOTE 19 TO THE LISTING RULES Financial assistance and guarantees to affiliated companies

January 30th, 2004

• Filed
  January 30th, 2004

The Company entered into a shareholders agreement (“Yetcome Shareholders Agreement”) with, amongst others, two independent third parties (the “Yetcome Shareholders”) on 11 February 1993 pursuant to which the parties set out the terms and conditions on which a joint venture company, Yetcome (the British Virgin Islands incorporated holding company of T&T), would be operated. The purpose of setting up Yetcome and its wholly-owned subsidiary, T&T, was to develop a complex consisting of an office tower, a retail podium, car park spaces and related facilities (“Complex A”) together with a hotel complex (“Complex B”) in Johor Bahru, Malaysia. Pursuant to the Yetcome Shareholders Agreement, the Company agreed to make pro rata shareholders loans to Yetcome. The Company has a 33.33% equity interest in the project companies owning 70% interests of Complex A and a 66.67% equity interest in Complex B.