Investor Relations

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

BackOct 12, 2010
Part I
1. Date of notice to issuer 12/10/2010
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 11/10/2010
2. The change in the percentage level From 50.71 % To 55.19 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

(1) Issue and allotment of 35,000,000 new ordinary shares.

(2) Return of 33,000,000 shares that were previously transferred by the substantial shareholder for delivery to the end-placees procured by the placement agent pursuant to a share lending arrangement.
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 155,057,374 0
As a percentage of issued share capital 50.71 % 0 %
No. of shares held after the change 188,057,374 0
As a percentage of issued share capital 55.19 % 0 %
Footnotes (1) The percentage of issued share capital before the change is calculated based on the share capital of 305,750,000 shares (before the issue and allotment of 35,000,000 new shares).

(2) The percentage of issued share capital after the change is calculated based on the enlarged share capital of 340,750,000 shares as at the date of this Notice.