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

BackAug 10, 2012

Part I

Date of notice to issuer

10/08/2012

Name of Substantial Shareholder

SIM SOON YING

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

10/08/2012

The change in the percentage level

From 44.23 % To 43.79 %

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

# Others

Dilution of percentage shareholding as a result of the issuance of 2,224,770 new ordinary shares in the capital of the Company as part satisfaction of the 3rd tranche payment of the purchase consideration in connection with the acquisition of the entire issued and paid-up share capital of Unidive Marine Services 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	9,700,000	87,987,000
As a percentage of issued share capital	4.39 %	39.84 %
No. of shares held after the change	9,700,000	87,987,000
As a percentage of issued share capital	4.35 %	39.44 %
Footnotes	i) Mr Sim Soon Ying is deemed interested in the Shares held by Mdm Chua Kim Choo, Mr Sim Soon Ngee Glenndle and Ms Sim Wei Wei. Mr Sim Soon Ying is the son of Mdm Chua Kim Choo and the brother of Mr Sim Soon Ngee Glenndle and Ms Sim Wei Wei. ii) The percentage of issued share capital before the change is based on 220,859,312 shares rounded to 2 decimal places. iii) The percentage of issued share capital after the change is based on 223,084,082 shares as at 10 August 2012 rounded to 2 decimal places.