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

Argyle Street Management Holdings Limited

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

HSBC (Singapore) Nominees Pte Ltd

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

# Others

Argyle Street Management Holdings Limited ("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 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, ASMVL and ASMHRF holds 4,811,111 Series A warrants, 10,819,119 Series A warrants and 352,491 Series A warrants of TIH respectively. All of the Series A warrants are held by their depository agent, HSBC (Singapore) Nominees Private Limited.

Accordingly, ASMHL has a deemed interest in 15,982,721 Series A 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	15,982,721
As a percentage of issued share capital	54.49 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0
No. of Warrants held after the change	15,982,721
As a percentage of issued share capital	54.49 %

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	15,982,721
As a percentage of issued share capital	0 %	54.49 %
Footnotes	(i) The percentage of Series A Warrants is calculated based on 29,333,334 Series A Warrants issued on 12 May 2009. (ii) The percentage figures in Parts II & IV refers to the number of Series A Warrants.