Tender/ Acquisition/ Takeover/ Purchase Offer::Voluntary

UNITED GLOBAL LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 201534604M)

VOLUNTARY UNCONDITIONAL CASH OFFER BY DMW INVESTMENTS PTE. LTD.

FOR UNITED GLOBAL LIMITED

1. INTRODUCTION
   The board of directors (the "Board") of United Global Limited (the "Company") wishes to inform shareholders of the Company ("Shareholders") that on 10 December 2021, DMW Investments Pte. Ltd. (the "Offeror"), made an announcement (the "Offer Announcement") that, the Offeror intends to make a voluntary unconditional cash offer (the "Offer") for all the issued and paid- up ordinary shares (the "Shares") in the capital of the Company (excluding treasury shares) which are not already owned, controlled or agreed to be acquired by the Offeror and the parties acting in concert with it (the "Offer Shares").
   A copy of the Offer Announcement is attached herewith to this announcement and is also available on the website of the Singapore Exchange Securities Trading Limited at www.sgx.com.
2. DESPATCH OF THE OFFER DOCUMENT
   According to the Offer Announcement, the formal offer document (the "Offer Document") which will set out the full terms and conditions of the Offer and enclose the appropriate form(s) of acceptance of the Offer, will be despatched to Shareholders not earlier than 14 days and not later than 21 days from the date of the Offer Announcement.
3. OFFEREE CIRCULAR
   The Board will, in connection with the Offer, appoint an independent financial adviser (the "IFA") to advise the directors of the Company who are considered independent for the purposes of the Offer (the "Independent Directors"). A circular containing, inter alia, the advice of the IFA and the recommendation of the Independent Directors (the " Offeree Circular") will be sent to Shareholders within 14 days from the date of despatch of the Offer Document to be issued by or on behalf of the Offeror.
   In the meantime, Shareholders are advised to exercise caution when dealing in their Shares or otherwise refrain from taking any action in relation to their Shares, which may be prejudicial to their interests until they or their advisers have considered the information and the recommendations of the Independent Directors, as well as the advice of the IFA, which will be set out in the Offeree Circular to be issued in due course. The Company will release further announcements at the appropriate junctures.
   Shareholders who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.
4. DIRECTORS' RESPONSIBILITY STATEMENT
   The directors of the Company (including those who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed herein are fair and accurate and that no material facts have been omitted from this announcement, the omission of which would make any statement in this announcement misleading.

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Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Offeror (including, without limitation, the Offer Announcement), the sole responsibility of the directors of the Company has been to ensure, through reasonable enquiries, that such information is accurately extracted from such sources or, as the case may be, accurately reflected or reproduced herein.

The directors of the Company jointly and severally accept responsibility accordingly.

BY ORDER OF THE BOARD

Siau Kuei Lian

Company Secretary

10 December 2021

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Tay Sim Yee (Telephone: [phone]) at 1 Robinson Road, #21- 00 AIA Tower, Singapore 048542.

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