This printed article is located at https://tih.listedcompany.com/news.html
| Part I | ||||||||||||||||||||
| 1. | Date of notice to issuer | 13/05/2009 | ||||||||||||||||||
| 2. | Name of Substantial Shareholder | Argyle Street Management Holdings Limited | ||||||||||||||||||
| 3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. |
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| Part II - Not Required | ||||||||||||||||||||
| Part III | ||||||||||||||||||||
| 1. | Date of change of Deemed Interest | 12/05/2009 | ||||||||||||||||||
| 2. | The change in the percentage level | From 43.28 % To 46.08 % | ||||||||||||||||||
| 3. | Circumstance(s) giving rise to the interest or change in interest | Right Issue 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 16,276,192 shares, 36,601,536 shares and 1,192,491 shares of TIH respectively. All of the shares are held by their depository agent, HSBC (Singapore) Nominees Private Limited. Accordingly, ASMHL has a deemed interest in 54,070,219 shares. |
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| 4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: | Change in the percentage level is the result of a transaction. | ||||||||||||||||||
| Part IV | ||||||||||||||||||||
| 1. | Holdings of Substantial Shareholder, including direct and deemed interest : | |||||||||||||||||||
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