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

BackSep 17, 2007
>> PART I
 
1. Date of notice to issuer * 17-09-2007  
 
2. Name of Substantial Shareholder * Anthoni Salim 
 
3. Please tick one or more appropriate box(es): *
 
  • Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
    •  
     
    >> PART II
     
    1. Date of change of [Select Option]  
     
    2. Name of Registered Holder  
     
    3. Circumstance(s) giving rise to the interest or change in interest [Select Option]  
      # Please specify details
       
     
    4. Information relating to shares held in the name of the Registered Holder
     
    No. of [Select Option] held before the change  
    As a percentage of issued share capital %
     
    No. of N.A. which are subject of this notice  
    As a percentage of issued share capital %
     
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received  
     
    No. of N.A. held after the change  
    As a percentage of issued share capital %
     
     
    >> PART III
     
    1. Date of change of Deemed Interest 28-08-2007  
     
    2. The change in the percentage level From 50.67 % To 50.63 %
     
    3. Circumstance(s) giving rise to the interest or change in interest # Others  
      # Please specify details
    The issuance of 2,059,372 new ordinary shares by Gallant Venture Ltd. (the "Company") in respect of the acquisition of shares in PT Suakajaya Indowahana on 28 August 2007. This resulted in the increase in the issued share capital of the Company from 2,410,423,184 shares to 2,412,482,556 shares.

    Anthoni Salim has an interest of more than 50% of the share capital of PT Dornier Indonesia. PT Dornier Indonesia holds more than 50% of the share capital of PT Gadingpratama Mandiri, which in turn holds more than 50% of the share capital of PT Herwido Rintis ("PT HR"). Accordingly, Anthoni Salim is deemed to be interested in the Gallant Shares held by PT HR.

    Anthoni Salim has an interest in more than 50% of the share capital of Dornier Profits Limited, which in turn holds more than 50% of the share capital of Parallax Venture Partners XXX Ltd. ("PVP"). Accordingly, Anthoni Salim is deemed to be interested in the Gallant Shares held by Dornier Profits Limited and PVP.

    Anthoni Salim has an interest in more than 50% of the share capital of PT Elitindo Citralestari. Accordingly, Anthoni Salim is deemed to be interested in the Gallant Shares held by PT Elitindo Citralestari.
     
     
    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 0   1221411776  
    As a percentage of issued share capital 0 % 50.67 %
    No. of shares held after the change 0   1221411776  
    As a percentage of issued share capital 0 % 50.63 %
     
    Footnotes
    The percentage level before the change is calculated based on the total issued share capital of 2,410,423,184 ordinary shares as at 27 August 2007.

    The percentage level after the change is calculated based on the total issued share capital of 2,412,482,556 ordinary shares as at 28 August 2007.