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

BackMay 04, 2012
Part I
1. Date of notice to issuer 04/05/2012
2. Name of Substantial Shareholder GAY CHEE CHEONG
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 04/05/2012
2. The change in the percentage level From 7.94 % To 9.44 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Subscription of 5,000,000 new ordinary shares ("Placement Shares") in the capital of Mencast Holdings Ltd. ("Company") pursuant to the placement of 22,500,000 new ordinary shares by the Company.
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 9,110,000 6,050,000
As a percentage of issued share capital 4.77 % 3.17 %
No. of shares held after the change 14,110,000 6,050,000
As a percentage of issued share capital 6.61 % 2.83 %
Footnotes i) Mr Gay Chee Cheong is deemed interested in the Shares held by Mdm Chua Siok Lan and Mr Ni Wei Ming. Mr Gay Chee Cheong is the husband of Mdm Chua Siok Lan and the father of Mr Ni Wei Ming.

ii) The percentage of issued share capital before the change is based on 191,012,373 shares rounded to 2 decimal places.

iii) The percentage of issued share capital after the change is based on 213,512,373 shares as at 4 May 2012 rounded to 2 decimal places.