Fraser & Neave (F & N)

[NTL]

What is the implication? Dangle a bigger carrot?

Results of Meetings of Noteholders and Bondholders

Results for Series 003 -
The Company is pleased to announce that the Extraordinary Resolution tabled at the meeting of the holders of the Notes on 14 November 2013 has been duly passed as an Extraordinary Resolution of the holders of the Notes without any amendment.

Results for Series 009 -
the Extraordinary Resolution tabled at the meeting of the holders of the Series 009 Notes on 14 November 2013 has not been passed

Results for Series 010 -
the Extraordinary Resolution tabled at the meeting of the holders of the Series 010 Notes on 14 November 2013 has not been passed

Results for Series 011 -
the Extraordinary Resolution tabled at the meeting of the holders of the Series 011 Notes on 14 November 2013 has been duly passed as an Extraordinary Resolution of the holders of the Series 011 Notes without any amendment

Results for Retail Bonds (5yr) -
the Extraordinary Resolution tabled at the meeting of the holders of the 5-Year Bonds on 14 November 2013 has been duly passed as an Extraordinary Resolution of the holders of the 5-Year Bonds without any amendment

Results for Retail Bonds (7yr) -
the required quorum was not achieved at the meeting of the holders of the 7-Year Bonds on 14 November 2013. Accordingly, the meeting of the holders of the 7- Year Bonds has been adjourned. Subject to finalisation of all relevant arrangements, the meeting is expected to be reconvened for 3.30 p.m. (Singapore time) on 29 November 2013