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NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

BackSep 22, 2009
Part I
1. Date of notice to issuer 22/09/2009
2. Name of Substantial Shareholder Surreyville 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 Interest 17/09/2009
2. The change in the percentage level From 50.56 % To 36.98 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Pursuant to the Placement Agreement dated 16 September 2009 between the Company, Kim Eng Securities Pte Ltd (the "Placement Agent") and Surreyville Pte Ltd ("Surreyville") as announced on 16 September 2009, Surreyville has agreed to lend 54,500,000 Shares by way of transferring to the end-placees to facilitate the early settlement of the new shares to end-placees procured by the Placement Agent.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 202,889,486 0
As a percentage of issued share capital 50.56 % 0 %
No. of shares held after the change 148,389,486 0
As a percentage of issued share capital 36.98 % 0 %
Footnotes The percentage of issued share capital is based on the Company's issued share capital of 401,321,443 shares.

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