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24 Aug 2012

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

Part I
1. Date of notice to issuer 24/08/2012
2. Name of Substantial Shareholder Asia Resource Corporation Pte. Ltd.
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 Deemed Interest 24/08/2012
2. The change in the percentage level From 22.28 % To 24.07 %
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A series of transactions
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 21,990,323
As a percentage of issued share capital 0 % 22.28 %
No. of shares held after the change 0 23,759,323
As a percentage of issued share capital 0 % 24.07 %
Footnotes Asia Resource Corporation Pte. Ltd. ("ARCPL") owns 71.41% and 100% interest respectively in Macondray & Company, Inc ("MCI") and Representations International (H.K.) Limited ("RIHKL") respectively.

MCI owns 60% interest in Amtrek Investment Pte. Ltd. ("AIPL")

RIHKL owns 40% interest in AIPL

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

The percentages are computed based on the issued share of 98,720,879 ordinary shares as at 24 August 2012.