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Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

BackFeb 21, 2008
Part I
1. Date of notice to issuer 20/02/2008
2. Name of Director Eugene Cho Park
3. Notice Type Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
Part II
1. Date of change of Deemed Interest 20/02/2008
2. Name of Registered Holder Parallax Venture Partners XXX Ltd.
3. Circumstance(s) giving rise to the interest or change in interest # Others

Purchase of 1 million shares in the capital of Gallant Venture Ltd. ("Gallant Shares") by Parallax Venture Partners XXX Ltd.

Eugene Cho Park holds more than 20% of the share capital of Parallax Capital Management Pte Ltd ("PCM"). PCM holds more than 50% of the voting share capital of Parallax Venture Fund XXX ("PVF"), which in turn holds more than 20% of the share capital of Parallax Venture Partners XXX Ltd. ("PVP"). Accordingly, Eugene Cho Park is deemed to be interested in the Gallant Shares held by PVP.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 627,293,350
As a percentage of issued share capital 26.00 %
No. of Shares which are subject of this notice 1,000,000
As a percentage of issued share capital 0.04 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.7182
No. of Shares held after the change 628,293,350
As a percentage of issued share capital 26.04 %
Part III - Not Required
Part IV
1. Holdings of Director, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 627,293,350
As a percentage of issued share capital 0 % 26.00 %
No. of shares held after the change 0 628,293,350
As a percentage of issued share capital 0 % 26.04 %
Footnotes The percentage level is calculated based on the total issued share capital of 2,412,482,556 ordinary shares as at 20 February 2008.
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