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Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

BackSep 18, 2009
Part I
1. Date of notice to issuer 18/09/2009
2. Name of Director LI Yick Yee Angie
3. Notice Type Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
Part II
1. Date of change of Deemed Interest 17/09/2009
2. Name of Registered Holder HSBC (Singapore) Nominees Private Limited
3. Circumstance(s) giving rise to the interest or change in interest # Others

LI Yick Yee Angie is a director of TIH and is the beneficial holder of more than 20% of the issued share capital of Argyle Street Management Holdings Limited ("ASMHL"). ASMHL is the beneficial holder of more than 50% of the voting shares of Argyle Street Management Limited ("ASML"). ASML is the beneficial holder of more than 20% of the voting shares of ASM Hudson River Fund ("ASMHRF") and ASM Asia Recovery Fund ("ASMARF"). ASMARF is the beneficial holder of more than 50% of the issued share capital of ASM Asia Recovery (Master) Fund ("ASMARMF"). ASMARMF and ASMHRF are the beneficial holders of more than 20% of the issued share capital of ASM Ventures Limited ("ASMVL").

On 17/09/2009 ASMARMF purchased 10,743,000 TIH shares via off market purchase, resulting LI Yick Yee Angie's total deemed interest in 74,263,219 TIH shares, of which:-

1. 36,601,536 shares held by ASMVL through its depository agent;
2. 31,293,877 shares held by ASMARMF through its depository agent after off market purchase of 10,743,000 shares;
3. 4,495,315 and 680,000 shares held in trust by ASMVL as nominee for ASMARMF and ASMHRF respectively; and
4. 1,192,491 shares held by ASMHRF through its depository agent.

All of the shares are held by their depository agent, HSBC (Singapore) Nominees Private Limited.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 63,520,219
As a percentage of issued share capital 50.10 %
No. of Shares which are subject of this notice 10,743,000
As a percentage of issued share capital 8.47 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.15
No. of Shares held after the change 74,263,219
As a percentage of issued share capital 58.57 %
Part III - Not Required
Part IV
1. Holdings of Director, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 63,520,219
As a percentage of issued share capital 0 % 50.10 %
No. of shares held after the change 0 74,263,219
As a percentage of issued share capital 0 % 58.57 %
Footnotes (i)The percentage of the total issued shares is calculated based on 126,787,358 Ordinary Shares as at 16 September 2009.