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

BackMay 14, 2009
Part I
1. Date of notice to issuer 13/05/2009
2. Name of Director LI Yick Yee Angie
3. Notice Type Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
Part II
1. Date of change of Deemed Interest 12/05/2009
2. Name of Registered Holder HSBC (Singapore) Nominees Pte Ltd
3. 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 10% 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 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 B warrants, 10,819,119 Series B warrants and 352,491 Series B warrants of TIH respectively. All of the Series B warrants are held by their depository agent, HSBC (Singapore) Nominees Private Limited.

Accordingly, Li Yick Yee Angie has a deemed interest in 15,982,721 Series B warrants.
4. 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
1. 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 15,982,721
As a percentage of issued share capital 0 % 54.49 %
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.