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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackMay 21, 2009
Part I
1. Date of notice to issuer 19/05/2009
2. Name of Substantial Shareholder ABRAXAS LIMITED
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 19/05/2009
2. The change in the percentage level From 7.39 % To 5.99 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Allotment of 71,471,067 new ordinary shares in the share capital of ElectroTech Investments Limited on 19 May 2009 pursuant to a scheme of arrangement entered into between ElectroTech Investments Limited and ETLA Limited.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 22,520,794
As a percentage of issued share capital 0 % 7.39 %
No. of shares held after the change 0 22,520,794
As a percentage of issued share capital 0 % 5.99 %
Footnotes The percentage before the scheme of arrangement is calculated based on 304,713,258 shares.

The percentage after the scheme of arrangement is calculated based on an enlarged share capital of 376,184,325 shares.

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