News

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

BackMay 19, 2009

Part I

Date of notice to issuer

19/05/2009

Name of Director

George Raymond Zage III

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

12/05/2009

Name of Registered Holder

Raffles Nominees Pte Ltd

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

# Others

As a result of Series B Warrants Issued.

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

No. of Warrants held before the change	0
As a percentage of issued share capital	0 %
No. of Warrants which are subject of this notice	700,309
As a percentage of issued share capital	2.4 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0
No. of Warrants held after the change	700,309
As a percentage of issued share capital	2.4 %

Part III - Not Required

Part IV

Holdings of Director, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	0
As a percentage of issued share capital	0 %	0 %
No. of shares held after the change	0	700,309
As a percentage of issued share capital	0 %	2.4 %
Footnotes	(1) The percentage of Series B Warrants is calculated based on 29,333,334 Series B Warrants issued on 12 May 2009 (2) Deemed Interest in Series B Warrants registered in the names of (i) 18,000 Series B Warrants : Noonday Capital Partners, LLC (ii) 51,000 Series B Warrants : Noonday Offshore, Inc. (iii) 184,033 Series B Warrants : Farallon Capital Partners, L.P. (iv) 125,575 Series B Warrants: Farallon Capital Institutional Partners, L.P. (v) 27,000 Series B Warrants : Farallon Capital Institutional Partners II, L.P. (vi) 126,437 Series B Warrants : Farallon Capital Offshore Investors II, L.P. (vii) 168,264 Series B Warrants : Farallon Capital Offshore Investors III, Inc Series B Warrants of (i) to (vii) 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 (3) The percentage figures in Parts II & IV refers to the number of Series B Warrants.