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05 Jul 2012

Notice Of A Substantial Shareholder's Interest

Part I
1. Date of notice to issuer 05/07/2012
2. Name of Substantial Shareholder Macondray & Company, Inc
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Deemed Interest 04/07/2012
2. Name of Registered Holder Amtrek Investment Pte. Ltd.
3. Circumstance(s) giving rise to the interest or change in interest # Others

Married deals completed on 4 July 2012:

1. Oei Hong Leong sold 20,988,323 shares at $0.56 each to Amtrek Investment Pte. Ltd.

2. Macondray Company Limited sold 1,002,000 shares at $0.56 each to Amtrek Investment Pte. Ltd.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 0
As a percentage of issued share capital 0 %
No. of Shares which are subject of this notice 21,990,323
As a percentage of issued share capital 22.29 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.56
No. of Shares held after the change 21,990,323
As a percentage of issued share capital 22.29 %
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 0
As a percentage of issued share capital 0 % 0 %
No. of shares held after the change 0 21,990,323
As a percentage of issued share capital 0 % 22.29 %
Footnotes Macondray & Company, Inc ("MCI") owns 60% interest in Amtrek Investment Pte. Ltd. ("AIPL").

For the purpose of Section 7 of the Companies Act, Chapter 50, MCI is deemed to be interested in the shares held by AIPL in the Company.

The percentages are computed based on the issued share of 98,670,879 ordinary shares as at 5 July 2012.