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News

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

BackDec 03, 2009

Part I

Date of notice to issuer

02/12/2009

Name of Director

Li Yick Yee Angie

Notice Type

Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.

Part II

Date of change of Deemed Interest

01/12/2009

Name of Registered Holder

HSBC (Singapore) Nominees Private Limited

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.

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

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.