General Announcement::Announcement pursuant to Rule 704(17)(b) of the Listing M... Page 1 of 1

Issuer/ Manager

FRASER AND NEAVE LIMITED.

Securities

FRASER AND NEAVE, LIMITED - SG1T58930911 - F99

Stapled Security

No

General Announcement: :Announcement pursuant to Rule 704(17)(b) of the Listing Manual of the SGX-ST Issuer & Securities

Announcement Details

Announcement Title

General Announcement

Date & Time of Broadcast

20-Jan-2017 18:37:42

Status

New

Announcement Sub Title

Announcement pursuant to Rule 704(17)(b) of the Listing Manual of the SGX-ST

Announcement Reference

SG1701200THRADYM

Submitted By (Co./ Ind. Name)

Anthony Cheong Fook Seng

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Please see attached.

Attachments

® sGX LR704-17-b - VNM - 20 Jan 2017.pdf Total size =59K

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FRASER AND NEAVE, LIMITED

(Incorporated in Singapore) (Company Registration No: 189800001R)

ANNOUNCEMENT PURSUANT TO RULE 704(17)(b) OF THE LISTING MANUAL

OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED (THE "LISTING MANUAL")

Pursuant to Rule 704(17)(b) of the Listing Manual, Fraser and Neave, Limited (the "Company" and together with its subsidiaries , the "Group") wishes to announce that the Group's aggregate cost of investment in quoted securities are as follows :

Before Acquisition

After Acquisition

(i)

Aggregate cost of the Group's quoted investments (S$'000)

1,085,346

1,093,600

Aggregate cost of the Group's quoted investments as a percentage of the latest audited consolidated net tangible assets of the Group as at 30 September 2016#

39.8%

40.1%

(ii)

Total market (S$'000)

value

of

the

quoted

investments

2,020.485

2,028,676

(iii)

Amount of any provision for diminution in value of investments (S$'000)

75,682

75,682

# Audited consolidated net tangible assets of the Group as at 30 September 2016 (S$'000)

2,728 ,653

Note:

"Acquisition" refers to the acquisition of 1,021,840 additional shares in the issued share capital of Vietnam Dairy Products Joint Stock Company ("Vinamilk"), a company listed on the Ho Chi Minh Stock Exchange ("HOSE"), by the Company's wholly-owned subsidiary , F&N Dairy Investments Pte Ltd ("F&NDI") by way of on-market purchases on the HOSE today. Settlement is expected to take place within 2 business days. Following the Acquisition, the Company , through its wholly­ owned subsidiaries , F&NDI and F&NBev Manufacturing Pie. Ltd., will hold an aggregate of 249,663,223 Vinamilk shares, representing approximately 17.20% of the issued share capital of Vinamilk .

BY ORDER OF THE BOARD

Anthony Cheong Fook Seng Company Secretary

20 January 2017

Fraser and Neave Limited published this content on 20 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 01:55:03 UTC.

Original documenthttp://www.fraserandneave.com/docs/default-source/newsroom/2017/quarter-1/20jan17-rule-704(17)(b).pdf?sfvrsn=4

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