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News

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

BackSep 23, 2009

Part I

Date of notice to issuer

23/09/2009

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

22/09/2009

Name of Registered Holder

HSBC (Singapore) Nominees Private Limited

Circumstance(s) giving rise to the interest or change in interest

# Others

LI Yick Yee Angie is a director of TIH and is the beneficial holder of more than 20% 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 22/09/2009 ASMARMF purchased 1,436,076 TIH shares via off market purchase, resulting LI Yick Yee Angie's total deemed interest in 75,699,295 TIH shares, of which:-

1. 36,601,536 shares held by ASMVL through its depository agent;
2. 32,729,953 shares held by ASMARMF through its depository agent after off market purchase of 1,436,076 shares;
3. 4,495,315 and 680,000 shares held in trust by ASMVL as nominee for ASMARMF and ASMHRF respectively; and
4. 1,192,491 shares held by ASMHRF through its depository agent.

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

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	74,263,219
As a percentage of issued share capital	58.57 %
No. of Shares which are subject of this notice	1,436,076
As a percentage of issued share capital	1.14 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	1.15
No. of Shares held after the change	75,699,295
As a percentage of issued share capital	59.71 %

Part III - Not Required

Part IV

Holdings of Director, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	74,263,219
As a percentage of issued share capital	0 %	58.57 %
No. of shares held after the change	0	75,699,295
As a percentage of issued share capital	0 %	59.71 %
Footnotes	(i) The percentage of the total issued shares is calculated based on 126,787,358 Ordinary Shares as at 16 September 2009.