| Part I |
| 1. |
Date of notice to issuer |
28/03/2011 |
| 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 |
28/03/2011 |
| 2. |
The change in the percentage level |
From 55.59 % To 55.69 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| 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 % 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 |
189,434,374 |
0 |
| As a percentage of issued share capital |
55.59 % |
0 % |
| No. of shares held after the change |
189,785,374 |
0 |
| As a percentage of issued share capital |
55.69 % |
0 % |
|