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

BackDec 03, 2009
Part I
1. Date of notice to issuer 02/12/2009
2. Name of Director George Raymond Zage III
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 01/12/2009
2. Name of Registered Holder Raffles Nominees Pte Ltd
3. Circumstance(s) giving rise to the interest or change in interest # Others

Exercise of warrants by other third parties.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 4,264,851
As a percentage of issued share capital 3.1 %
No. of Shares which are subject of this notice 0
As a percentage of issued share capital 0 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0
No. of Shares held after the change 4,264,851
As a percentage of issued share capital 3 %
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 4,264,851
As a percentage of issued share capital 0 % 3.1 %
No. of shares held after the change 0 4,264,851
As a percentage of issued share capital 0 % 3 %
Footnotes (1) Before the Change - the percentage of the total issued shares is calculated based on 138,907,813 Ordinary Shares as at 25 November 2009.

(2) After the Change - the percentage of the total issued shares is calculated based on 143,626,148 Ordinary Shares as at 1 December 2009

(3) Deemed Interest before and after the Change registered in the names of:
(i) 108,000 ordinary shares : Noonday Capital Partners, LLC
(ii) 306,000 ordinary shares : Noonday Offshore, Inc.
(iii) 1,104,197 ordinary shares : Farallon Capital Partners, L.P.
(iv) 753,449 ordinary shares : Farallon Capital Institutional Partners,L.P.
(v) 162,000 ordinary shares : Farallon Capital Institutional Partners II, L.P.
(vi) 63,000 ordinary shares : Farallon Capital Institutional Partners III, L.P.
(vii) 758,621 ordinary shares : Farallon Capital Offshore Investors II, L.P.
(viii) 1,009,584 ordinary shares: Farallon Capital Offshore Investors III, Inc

Shares of (i) to (viii) are registered under the name of Raffles Nominees Pte Ltd.

Noonday Asset Management Asia Pte. Ltd. is deemed interested as it has been delegated voting and dispositive authority over the shares on behalf of various investment funds managed jointly with Farallon Capital Management L.L.C, the investment manager of such funds, and Farallon Partners, L.L.C., the general partner of certain funds. Farallon Capital Management L.L.C. and Farallon Partners, L.L.C retain certain authority over positions managed by Noonday Asset Management Asia Pte. Ltd. and therefore each of Farallon Capital Management, L.L.C. and Farallon Capital Management, L.L.C. and Farallon Partners, L.L.C. may also be deemed to control some or all of the shares and deemed interested for purposes of Section 7 of the Companies Act, Cap. 50.

George Raymond Zage III is a Director of Noonday Asset Management Asia Pte. Ltd. and is deemed interested under Section 7 of the Companies Act, Cap. 50