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News

Notice Of A Substantial Shareholder's Interest

BackMay 14, 2009

Part I

Date of notice to issuer

13/05/2009

Name of Substantial Shareholder

ASM Asia Recovery Fund

Notice Type

Notice of a New Substantial Shareholder's interest.

Part II

Date of change of Deemed Interest

12/05/2009

Name of Registered Holder

ASM Asia Recovery Fund

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

# Others

ASM Asia Recovery Fund ("ASMARF") is the beneficial holder of more than 50% of the issued share capital of ASM Asia Recovery (Master) Fund ("ASMARMF"). ASMARMF is the beneficial holder of more than 20% of the issued share capital of ASM Ventures Limited ("ASMVL").

As a result of a rights issue of TIH (the "Rights Issue"), ASMARMF and ASMVL hold 4,811,111 Series B warrants and 10,819,119 Series B warrants of TIH respectively. All of the Series B warrants are held by their depository agent, HSBC (Singapore) Nominees Private Limited.

Accordingly, ASMARF has a deemed interest in 15,630,230 Series B warrants.

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	15,630,230
As a percentage of issued share capital	53.28 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0
No. of Warrants held after the change	15,630,230
As a percentage of issued share capital	53.28 %

Part III - Not Required

Part IV

Holdings of Substantial Shareholder, 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	15,630,230
As a percentage of issued share capital	0 %	53.28 %
Footnotes	(i) The percentage of Series B Warrants is calculated based on 29,333,334 Series B Warrants issued on 12 May 2009. (ii) The percentage figures in Parts II & IV refers to the number of Series B Warrants.