| Part I |
| 1. |
Date of notice to issuer |
05/05/2008 |
| 2. |
Name of Substantial Shareholder |
Parallax Capital Management 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 |
30/04/2008 |
| 2. |
The change in the percentage level |
From 26.04 % To 24.62 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Restructuring involving companies in the Salim group and certain shareholders of such companies pursuant to which Dornier Profits Limited ("Dornier") has become an intermediate holding company in respect of 21.02% of the issued shares of the Company owned by PT Herwido Rintis, and Dornier acquired 0.04% of the issued shares of the Company. PCM holds 100% of the voting share capital of Parallax Venture Fund XXX which in turn holds more than 20% of the share capital of Dornier. Accordingly, PCM is deemed to be interested in the shares of the Company in which Dornier has an interest.
Dornier has ceased to be an intermediate holding company in respect of shares of the Company owned by Parallax Venture Partners XXX Ltd. |
| 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 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 |
628,293,350 |
| As a percentage of issued share capital |
0 % |
26.04 % |
| No. of shares held after the change |
0 |
594,011,738 |
| As a percentage of issued share capital |
0 % |
24.62 % |
| Footnotes |
The percentage level is calculated based on the total issued share capital of 2,412,482,556 ordinary shares as at 30 April 2008.
The listing exercise of the Company was sponsored by Asian Corporate Advisors Pte. Ltd. and Genesis Capital Pte. Ltd. (collectively, the "Managers"). The Managers assume no responsibility for the contents of this announcement. |
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