MANDATORY UNCONDITIONAL CASH OFFER UNITED …

MANDATORY CONDITIONAL CASH OFFERto acquire all the issued and paid-up ordinary stock unitsandMANDATORY UNCONDITIONAL CASH OFFERto acquire all the issued and paid-up preference shares in the capital ofUNITED ENGINEERS limited (Incorporated in the Republic of Singapore)(Company Registration No.: 191200018G)other than those already owned, controlled or agreed to be acquired by the Offeror and parties actingin concert with the OfferorbyUNITED overseas BANKLIMITED(Incorporated in the Republic of Singapore)(Company Registration No.: 193500026Z)for and on behalf ofYANLORD PERENNIAL INVESTMENT (SINGAPORE) PTE. LTD.(Incorporated in the Republic of Singapore)(Company Registration No.: 201715887D)DESPATCH OF OFFER overseas bank limited ("UOB"), refers to the announcement released by UOB, forand on behalf of Yanlord Perennial Investment (Singapore) Pte. Ltd. (the "Offeror"), on 13 July 2017 in relation to,inter alia:(a)the MANDATORY conditional cash OFFER for all the issued and paid-up ordinary stockunits (the "UEL Ordinary Shares") in the capital of UNITED Engineers limited ("theCompany") other than those already owned, controlled or agreed to be acquired bythe Offeror and parties acting in concert with the Offeror ("Ordinary OFFER Shares") inaccordance with Rule 14 of the Singapore Code on Take-Overs and Mergers (the"Co)

United Overseas Bank Limited ("UOB"), refers to the announcement released by UOB, for and on behalf of Yanlord Perennial Investment (Singapore) Pte. Ltd. (the " …

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