|1.||Date of notice to issuer||16/05/2012|
|2.||Name of Substantial Shareholder||NAUTICAL INTERNATIONAL HOLDING 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|
|1.||Date of change of Deemed Interest||16/05/2012|
|2.||The change in the percentage level||From 56.076 % To 56.110 %|
|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:||BY MARKET PURCHASED THROUGH SERIES OF TRANSACTIONS|
|1.||Holdings of Substantial Shareholder, including direct and deemed interest :|
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