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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 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 01/12/2009
2. Name of Registered Holder HSBC (Singapore) Nominees Private Limited
3. Circumstance(s) giving rise to the interest or change in interest # Others

Angie Li Yick Yee is a director of TIH and is the beneficial holder of more than 10% 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 1 Dec 2009, 4,733,601 Series A warrants of TIH held in trust by ASMVL as nominee for ASMHRF were exercised.

In addition, 536,426 and 352,491 Series A warrants of TIH held by ASMARMF and ASMHRF respectively through their depository agent were exercised on the same day.

Accordingly, Angie Li Yick Yee has no deemed interest in any Series A warrants.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Warrants held before the change 5,622,518
As a percentage of issued share capital 41.98 %
No. of Warrants which are subject of this notice 5,622,518
As a percentage of issued share capital 41.98 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1
No. of Warrants held after the change 0
As a percentage of issued share capital 0 %
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 5,622,518
As a percentage of issued share capital 0 % 41.98 %
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 A Warrants.
(ii) Before the change - the percentage of Series A Warrants is calculated based on 13,394,736 Series A Warrants issued as at 25 November 2009.