The board of directors of Noble Group Limited refers to its announcement dated December 23rd 2011 in connection with the scheme of arrangement to effect the merger of Gloucester and Yancoal.

The Board is pleased to announce that pursuant to the Scheme, all the shares of Gloucester held by Osendo Pty Limited and Mt Vincent Holdings Pty Limited which are wholly owned subsidiaries of the Company, have been transferred to Yancoal. In consideration for the transfer of such Gloucester shares to Yancoal, Osendo and Mt Vincent have been issued an aggregate of 130,881,705 shares in Yancoal, representing approximately 13.16% of the issued share capital of Yancoal.

Following the implementation of the Scheme, Gloucester has ceased to be a subsidiary of the Company.

Source - Noble Group

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