Forterra Trust (formerly: Treasury China Trust)

[opmi]

Opmi-san

I don't mind fellow investors holding differing opinions. However, in order to have a meaningful discussion, one should be au fait with the facts. It is painfully clear to me that you did not even read the first announcement on the sale to Nan Fung properly.

Just one part on the extension only. Not a big thing in grand scheme of things.

What other facts did I not get it right?? The exercise price??

Under the UPA, each of Mr Richard Barrett and Mr Rory Williams has also agreed to assign to
New Precise 2,675,000 and 375,000 existing unit options, respectively, which are currently held by
them under the Forterra Unit Option Scheme (the “UOS”) at an agreed price per unit option of
S$2.98 less the relevant exercise price of the relevant unit option of S$0.34816 (the "Unit Option
Assignment"). In conjunction with the above, the Unit Option Scheme Committee (comprising
four independent Directors of the Board, and who are not parties to the Sale Transaction or the
Settlement) has also approved (contingent upon the completion of the Sale Transaction) the said
assignment, the extension of the exercise periods of the unit options which are the subject of the
said assignment (i.e. to 30 June 2015), and the extension of the exercise periods of all other unit
options under the UOS currently in issue by a year.