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

BackJun 11, 2012
Part I
1. Date of notice to issuer 08/06/2012
2. Name of Substantial Shareholder ASM Asia Recovery 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 07/06/2012
2. The change in the percentage level From 47.98 % To 47.61 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Percentage change of interest as a result of (1) exercise of warrants by third parties; and (2) bonus issue of the company.
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 the percentage level 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 0 83,669,656
As a percentage of issued share capital 0 % 47.98 %
No. of shares held after the change 0 111,559,541
As a percentage of issued share capital 0 % 47.61 %
Footnotes (i) Before the change - the percentage of the total issued shares is calculated based on 174,371,781 Ordinary Shares as at 6 May 2010.
(ii) After the change - the percentage of the total issued shares is calculated based on 234,314,106 Ordinary Shares as at 7 June 2012

(iii) ASM Asia Recovery Fund ("ASMARF") is the beneficial holder of more than 50% of the issued share capital of ASM Asia Recovery (Master) Fund ("ASMARMF"). ASMARMF is the beneficial holder of more than 20% of the issued share capital of ASM Ventures Limited ("ASMVL").

ASMARF has a deemed interest in 111,559,541 shares after the change:

a) 62,757,493 ordinary shares held by ASMARMF;
b) 48,802,048 ordinary shares held by ASMVL.

All of the shares are held by their depository agent, HSBC (Singapore) Nominees Private Limited.