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

BackAug 03, 2012

Part I

Date of notice to issuer

03/08/2012

Name of Substantial Shareholder

CHUA KIM CHOO

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

Date of change of Interest

03/08/2012

The change in the percentage level

From 45.75 % To 44.23 %

Circumstance(s) giving rise to the interest or change in interest

# Others

Dilution of percentage shareholding as a result of the placement of 7,346,939 new ordinary shares in the capital of the Company pursuant to the terms and conditions as specified in the proposed acquisition of Top Great Engineering & Marine Pte Ltd

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

Holdings of Substantial Shareholder, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	27,811,000	69,876,000
As a percentage of issued share capital	13.03 %	32.72 %
No. of shares held after the change	27,811,000	69,876,000
As a percentage of issued share capital	12.59 %	31.64 %
Footnotes	i) Mdm Chua Kim Choo is deemed interested in the Shares held by Mr Sim Soon Ngee Glenndle, Ms Sim Wei Wei and Mr Sim Soon Ying. Mdm Chua Kim Choo is the mother of Mr Sim Soon Ngee Glenndle, Ms Sim Wei Wei and Mr Sim Soon Ying. ii) The percentage of issued share capital before the change is based on 213,512,373 shares rounded to 2 decimal places. iii) The percentage of issued share capital after the change is based on 220,859,312 shares as at 3 August 2012 rounded to 2 decimal places.