United Docks Ltd. approved the implementation of a note programmed of a maximum aggregate of MUR 750,000,000 by way of private placement as part of its funding strategy. The Note Programme will be subject to the approval of the shareholders and all relevant regulatory authorities. UDL is currently working on the documentation related to the Note Programme. As regard the Rights Issue and further to the communiqué issued on 26 March 2020, UDL has made an application to the relevant regulatory authorities for an extension of six (6) months of the date of closure of the subscription of the Rights Issue in light of the COVID-19 pandemic.