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

BackMay 14, 2009
Part I
1. Date of notice to issuer 13/05/2009
2. Name of Substantial Shareholder Orchard Partners Limited
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 12/05/2009
2. The change in the percentage level From 29.30 % To 31.19 %
3. Circumstance(s) giving rise to the interest or change in interest Right Issue

Orchard Partners Limited ("OPL") is the beneficial holder of more than 20% of the issued share capital of ASM Ventures Limited ("ASMVL").

As a result of the rights issue of TIH (the "Rights Issue"), ASMVL holds 36,601,536 shares of TIH. The shares are held by ASMVL's depository agent, HSBC (Singapore) Nominees Private Limited.

Accordingly, OPL has a deemed interest in 36,601,536 shares.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Change in the percentage level is the result of a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 25,782,417
As a percentage of issued share capital 0 % 29.30 %
No. of shares held after the change 0 36,601,536
As a percentage of issued share capital 0 % 31.19 %
Footnotes (i) Before the Change - the percentage of the total issued shares is calculated based on 88,000,004 Ordinary Shares.
(ii) After the Change - the percentage of the total issued shares is calculated based on 117,333,338 Ordinary Shares.