ANNOUNCEMENT

VOLUNTARY STRIKING OFF OF DORMANT WHOLLY-OWNED SUBSIDIARY

The Board of Directors of GL Limited ("Company") wishes to announce that GLH Management Group Pte. Ltd., a dormant and indirect wholly-owned subsidiary of the Company, has been struck off from the Register of Companies pursuant to Section 344A of the Companies Act, Chapter 50 of Singapore on 7 June 2021.

The striking off is voluntary, is undertaken to rationalise the corporate structure of the Company and its subsidiaries ("Group"), and is not expected to have any material effect on the net tangible assets and earnings per share of the Group for the financial year ending 30 June 2021.

BY ORDER OF THE BOARD

SUSAN LIM

Company Secretary

11 June 2021

GL Limited

T (65) 6438 0002

1 Wallich Street #15-02 Guoco Tower

F (65) 6435 0040

Registered in Bermuda No. 27568

Singapore 078881

gl-grp.com

Registered Office: Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda

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GL Limited published this content on 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 09:41:04 UTC.