Pursuant to Paragraph 9.19(5) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, YHB wishes to announce that the Company had on 12 January 2017, completed an internal reorganisation by merging three (3) dormant wholly owned Norwegian subsidiary companies namely, Nevis 1 AS, Dee AS and Taggart AS into Allan AS, the wholly owned Norwegian subsidiary of Yinson Production AS, which in turn is the wholly owned subsidiary of Yinson Production Limited, to simplify the group structure, reduce costs and strengthen the equity position of Allan AS ('Merger').

Following the completion of the Merger, Allan AS took over all assets, rights and obligations of Nevis 1 AS, Dee AS and Taggart AS in accordance with the section 13-24 of Norwegian Companies Act and Nevis 1 AS, Dee AS and Taggart AS had been dissolved accordingly.

The Merger is not expected to have any material effect on the earnings and net assets of YHB Group for the financial year ending 31 January 2017.

This announcement is dated 13 January 2017.

Yinson Holdings Bhd published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 00:05:10 UTC.

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