18 May 2011
THE INITIAL PUBLIC OFFERING (“IPO” OR “OFFERING”) OF UP TO 407.00 MILLION ORDINARY SHARES OF RM 0.05 EACH IN UOA DEVELOPMENT BHD (“UOA DEVELOPMENT”) (“SHARES”), IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR 1,195.86 MILLION SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD, COMPRISING: (I) OFFER FOR SALE OF UP TO 120.00 MILLION EXISTING SHARES (“OFFER SHARES”) COMPRISING: (A) INSTITUTIONAL OFFERING OF UP TO 50.00 MILLION OFFER SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”) PAYABLE IN FULL UPON ALLOCATION; AND (B) RETAIL OFFERING OF 70.00 MILLION OFFER SHARES TO THE MALAYSIAN PUBLIC, ELIGIBLE DIRECTORS OF UOA DEVELOPMENT, ELIGIBLE EMPLOYEES OF UOA DEVELOPMENT AND ITS SUBSIDIARIES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF UOA DEVELOPMENT AND ITS SUBSIDIARIES AT THE RETAIL PRICE OF RM2.90 PER SHARE (“RETAIL PRICE”), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE; AND (II) PUBLIC ISSUE OF 287.00 MILLION NEW SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE PAYABLE IN FULL UPON ALLOCATION, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF (I) THE RETAIL PRICE; AND (II) 97.00% OF THE INSTITUTIONAL PRICE, SUBJECT TO ROUNDING TO THE NEAREST SEN.