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Notice Of A Substantial Shareholder's Interest

BackSep 07, 2011
Part I
1. Date of notice to issuer 06/09/2011
2. Name of Substantial Shareholder James Morton
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Deemed Interest 03/05/2011
2. Name of Registered Holder DBS Bank Ltd. (for the account of CIM Dividend Income Fund Ltd.)/ Pershing LLC (for the account of Van Biema Asia Value Master Fund LP)
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase

Open-market purchase of 500,000 shares in the Company by Santa Lucia Asset Management Pte. Ltd. ("SLAM") on behalf of CIM Dividend Income Fund Ltd. ("CIM Dividend")

4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 18,000,000
As a percentage of issued share capital 4.89 %
No. of Shares which are subject of this notice 500,000
As a percentage of issued share capital 0.1359 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.3025
No. of Shares held after the change 18,500,000
As a percentage of issued share capital 5.0259 %
Part III - Not Required
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 18,000,000
As a percentage of issued share capital 0 % 4.89 %
No. of shares held after the change 0 18,500,000
As a percentage of issued share capital 0 % 5.03 %
Footnotes The percentages in this notice are computed based on 367,803,325 ordinary shares (excluding 8,381,000 treasury shares) in the share capital of the Company as at 3 June 2011.

The existing share capital of the Company is 368,183,325 ordinary shares (excluding 8,001,000 treasury shares) as at 6 September 2011.

James Morton ("JM") having an ownership interest in SLAM and CIM, with SLAM the delegated investment manager of CIM Dividend and Van Biema Asia Value Master Fund LP ("Van Biema")(collectively, the "Funds"), has a deemed interest by virtue of Section 7(4) of the Companies Act, Chapter 50 of Singapore in the interests of SLAM in the Company's shares.

Below are the details of the deemed interests after changes:

CIM Dividend (direct) 12,000,000 (3.262%)
Van Biema (direct) 6,500,000 (1.767%)
Total: 18,500,000 (5.03%)

50+

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3,700

Employees

SGX

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