January 11, 2018

OUE Limited has entered into an agreement with Browny Healthcare, a subsidiary of Itochu Corporation, whereby OUE Lippo Healthcare (subsidiary of OUE), would issue 562.5 million new shares, representing 25.3% of the enlarged share capital of OUELH, to Browny Healthcare. The issue price of S$0.14 per share is at a premium of 15.7% to the last volume weighted price. Share price closed at S$0.144