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21 Sep 2012

Notice Of A Substantial Shareholder's Interest

Part I
1. Date of notice to issuer 20/09/2012
2. Name of Substantial Shareholder NG SAN WEE
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Interest 13/09/2012
2. Name of Registered Holder TH INVESTMENTS PTE LTD (the "Purchaser")
3. Circumstance(s) giving rise to the interest or change in interest # Others

On 13 September 2012, the Purchaser entered into a conditional sale and purchase agreement (the "SPA") with Hanwell Holdings Limited pursuant to which the Purchaser will acquire 29,486,148 ordinary shares in the capital of Intraco Limited on completion. Therefore, the Purchaser is deemed to be a substantial shareholder.

Intraco Limited made an announcement relating to the entry into of the SPA on 13 September 2012 (the "Announcement").

As at 13 September 2012, the Purchaser is a wholly owned subsidiary of Tat Hong Investments Pte Ltd. As such, Tat Hong Investments Pte Ltd is deemed to be interested in the shares in which the Purchaser has an interest, and is deemed to be a substantial shareholder.

As at 13 September 2012, Tat Hong Investment Pte Ltd is a wholly owned subsidiary of Chwee Cheng & Sons Pte Ltd. As such, Chwee Cheng & Sons Pte Ltd is deemed to be interested in the shares in which the Purchaser and Tat Hong Investments Pte Ltd have interests, and is deemed to be a substantial shareholder.
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 29486148
As a percentage of issued share capital 29.87 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.65
No. of Shares held after the change 29486148
As a percentage of issued share capital 29.87 %
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 29486148
As a percentage of issued share capital 0 % 29.87 %
Footnotes As stated in the Announcement, completion under the SPA is subject to the satisfaction of certain conditions.

Pursuant to the terms of a trust deed dated 29 July 1997 (as supplemented by a deed dated 12 October 1998)(the "Trust Deed"), Messrs Ng San Tiong Roland, Ng Sun Ho Tony, Ng San Wee David and Mr Ng Sum Giam Roger are joint trustees of the Chwee Cheng Trust, constituted under the Trust Deed, which owns approximately 42.03% of the issued share capital of Chwee Cheng & Sons Pte Ltd. Under the terms of the Trust Deed, the beneficiaries of the said trust are the sons of Mr Ng Chwee Cheng, namely, Messrs Ng San Tiong Roland, Ng Sun Ho Tony, Ng Sun Hoe Patrick, Ng Sang Kuey Michael, Ng San Guan William, Ng Sun Giam Roger, Ng San Wee David, Ng San Eng Sunny, Ng Sun Oh Lewis, and their descendants.

The percentages are computed based on the issued share of 98, 725, 879 ordinary shares as at 21 September 2012.