| Part I |
| 1. |
Date of notice to issuer |
20/08/2010 |
| 2. |
Name of Substantial Shareholder |
Ang Keng Boon |
| 3. |
Notice Type |
Notice of a New Substantial Shareholder's interest.
|
| Part II |
| 1. |
Date of change of Interest |
20/08/2010 |
| 2. |
Name of Registered Holder |
Ang Keng Boon/CIMB Securities (Singapore) Pte Ltd/Seah Geok Buay/Straits Law Practice LLC |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Mr Ang becomes a substantial shareholder as a result of the allotment of 21,600,000 new ordinary shares in the capital of the Company (the "consideration shares") to him upon completion of the acquisition of his interest in TAT Petroleum Pte Ltd. The entire consideration shares are held by the escrow agent, Messrs Straits Law Practice LLC, in accordance with the escrow agreement dated 20 August 2010. |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
1,628,000 |
| As a percentage of issued share capital |
0.46 % |
| No. of Shares which are subject of this notice |
21,600,000 |
| As a percentage of issued share capital |
5.25 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0.28 |
| No. of Shares held after the change |
23,228,000 |
| As a percentage of issued share capital |
5.71 %
|
|
| Part III - Not Required |
| Part IV |
| 1. |
Holdings of Substantial Shareholder, including direct and deemed interest : |
| |
| |
Direct |
Deemed |
| No. of shares held before the change |
450,000 |
1,178,000 |
| As a percentage of issued share capital |
0.13 % |
0.33 % |
| No. of shares held after the change |
450,000 |
22,778,000 |
| As a percentage of issued share capital |
0.11 % |
5.54 % |
| Footnotes |
(i) The percentage before the change of interest is computed based on the issued share capital of 357,041,600 ordinary shares.
(ii) The percentage of issued share capital for shares held after the change was computed based on 411,041,600 ordinary shares following the allotment of 54,000,000 consideration shares on completion of the acquisition of a 49% interest in the issued and paid-up share capital of TAT Petroleum Pte Ltd.
(iii) Deemed interest: 1,128,000 shares registered under CIMB Securities (Singapore) Pte Ltd, 50,000 shares registered under Mdm Seah Geok Buay (spouse of Mr Ang Keng Boon), 21,600,000 shares registered under Straits Law Practice LLC (escrow agent). |
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