See Hup Seng

SHS Holdings Ltd

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

BackMay 02, 2012
Part I
1. Date of notice to issuer 02/05/2012
2. Name of Substantial Shareholder Ang Keng Boon/CIMB Securities (Singapore) Pte Ltd/Seah Geok Buay/Straits Law Practice LLC
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 27/04/2012
2. The change in the percentage level From 5.85 % To 5.70 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Change in interest arising from the exercise of 11,529,525 warrants by warrantholders.
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 series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 1950000 22778000
As a percentage of issued share capital 0.46 % 5.39 %
No. of shares held after the change 1950000 22778000
As a percentage of issued share capital 0.45 % 5.25 %
Footnotes (i) The percentage before the change of interest is computed based on the issued share capital of 422,679,100 ordinary shares (excluding 4,310,000 treasury shares).
(ii) The percentage of issued share capital for shares held after the change was computed based on 434,208,625 ordinary shares (excluding 4,310,000 treasury shares) following the exercise of warrants.
(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), 21,600,000 shares registered under Messrs Straits Law Practice LLC.