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

BackDec 03, 2009
Part I
1. Date of notice to issuer 02/12/2009
2. Name of Substantial Shareholder ASM Hudson River Fund
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 Deemed Interest 01/12/2009
2. The change in the percentage level From 24.33 % To 0 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

ASM Hudson River Fund ("ASMHRF") is the beneficial holder of more than 20% of the issued share capital of ASM Ventures Limited ("ASMVL").On 1 Dec 2009, 5,413,601 Series B warrants of TIH held in trust by ASMVL as nominee for ASMHRF were exercised. In addition, 352,491 Series B warrants held by ASMHRF through its depository agent were exercised on the same day. Accordingly, ASMHRF has no deemed interest in any Series B warrants.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change is the result of a single transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 5,766,092
As a percentage of issued share capital 0 % 24.33 %
No. of shares held after the change 0 0
As a percentage of issued share capital 0 % 0 %
Footnotes (i)The percentage figures in Parts III & IV refers to the number of Series B Warrants.
(ii) Before the change - the percentage of Series B Warrants is calculated based on 23,697,457 Series B Warrants issued on 25 November 2009.