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

BackAug 15, 2012
Part I
1. Date of notice to issuer 15/08/2012
2. Name of Substantial Shareholder Woodsville International Limited
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 Deemed Interest 13/08/2012
2. The change in the percentage level From 44.41 % To 34.52 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Issue of 157,455,957 debt conversion shares
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 0 202,889,486
As a percentage of issued share capital 0 % 44.41 %
No. of shares held after the change 0 212,073,086
As a percentage of issued share capital 0 % 34.52 %
Footnotes 1) The percentage of issued share capital before the change is based on 456,821,443 shares.
2) The percentage of issued share capital after the change is based on 614,277,400 shares.
3) Woodsville International Limited is deemed to be interested in the shares held by Surreyville Pte Ltd by virtue of Section 7 of the Companies Act.