Corporate Action

United Overseas Group PLC
6 July 2001

RIGHTS ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE       *UOG
SEDOL CODE          *918-136
TERMS               *12 Rights Shares for every 7 Ordinary Shares held at
                     2.5p
DEALINGS COMMENCE NIL PAID *31-07-01
PROVISIONAL EX DATE *31-07-01
RECORD DATE         *24-07-01
SPLITTING NIL PAID  *16-08-01 3:00pm
ACCEPTANCE DATE &
RENUNCIATION        *20-08-01 3:00pm
NOTES *