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

BackJun 06, 2006
>> PART I
 
1. Date of notice to issuer * 06-06-2006  
 
2. Name of Substantial Shareholder * PT Gadingpratama Mandiri 
 
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 Interest 02-06-2006  
     
    2. The change in the percentage level From 22.07 % To 21.03 %
     
    3. Circumstance(s) giving rise to the interest or change in interest # Others  
      # Please specify details
    Distribution of 25,053,168 shares in the capital of Gallant Venture Ltd. ("Gallant Shares") by PT Herwido Rintis ("PT HR") to the shareholders and creditors of Alliance Technology and Development Limited (under judicial management) pursuant to a scheme of arrangement.

    PT Gadingpratama Mandiri ("PT GPM") holds more than 50% of the share capital of PT HR. As such, PT GPM is deemed to be interested in the Gallant Shares held by PT HR.  
     
    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   532064906  
    As a percentage of issued share capital 0 % 22.07 %
    No. of shares held after the change 0   507011738  
    As a percentage of issued share capital 0 % 21.03 %
     
    Footnotes
    Pursuant to a sale and purchase agreement entered into between Gallant Venture Ltd. and PT HR, PT HR acquired 532,064,886 Gallant Shares in April 2006, resulting in increase in its shareholding to 532,064,906 Gallant Shares.

    The percentage level is calculated based on the total issued share capital of 2,410,423,184 shares.