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NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST

BackSep 30, 2009
Part I
1. Date of notice to issuer 30/09/2009
2. Name of Director Dato' Sri Dr Tiong Ik King
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 29/09/2009
2. Name of Registered Holder Surreyville Pte Ltd
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") and the completion of the placement exercise, as announced on 16 September 2009 and 29 September 2009 respectively, the Company has issued 54,500,000 new ordinary shares to Surreyville to complete the placement exercise.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 148,389,486
As a percentage of issued share capital 36.98 %
No. of Shares which are subject of this notice 54,500,000
As a percentage of issued share capital 13.58 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0
No. of Shares held after the change 202,889,486
As a percentage of issued share capital 50.56 %
Part III - Not Required
Part IV
1. Holdings of Director, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 148,389,486
As a percentage of issued share capital 0 % 36.98 %
No. of shares held after the change 0 202,889,486
As a percentage of issued share capital 0 % 44.51 %
Footnotes (1) Dato' Sri Dr Tiong Ik King's deemed interest arises from his shareholding in Woodsville International Limited, the holding company of Surreyville.

(2) The percentage of issued share capital before change is based on the Company's issued share capital of 401,321,443 shares (before Placement).

(3) The percentage of issued share capital after change is based on the enlarged share capital of 455,821,443 shares.