Investor Relations

Notice Of A Substantial Shareholder's Interest

BackOct 05, 2010
Part I
1. Date of notice to issuer 05/10/2010
2. Name of Substantial Shareholder NAUTICAL INTERNATIONAL HOLDINGS 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 05/10/2010
2. The change in the percentage level From 66.25 % To 50.71 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

1. Sale of 14,500,000 shares pursuant to the Placement Agreement dated 4 October 2010.
2. Transfer of 33,000,000 shares for delivery to the end-placees by the Placement Agent pursuant to the Placement Agreement dated 4 October 2010.
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 202,557,374 0
As a percentage of issued share capital 66.25 % 0 %
No. of shares held after the change 155,057,374 0
As a percentage of issued share capital 50.71 % 0 %
Footnotes The percentage of issued share capital is calculated based on existing issued shares of 305,750,000 as at the date of this Notice.