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News

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

BackMay 14, 2009

Part I

Date of notice to issuer

13/05/2009

Name of Director

CHAN Kin

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

HSBC (Singapore) Nominees Pte Ltd

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

Right Issue

Kin Chan is a director of TIH and is the beneficial holder of more than 20% 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 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, Kin Chan has a deemed interest in 54,070,219 shares.

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

No. of Shares held before the change	38,087,498
As a percentage of issued share capital	43.28 %
No. of Shares which are subject of this notice	15,982,721
As a percentage of issued share capital	13.62 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	1.00
No. of Shares held after the change	54,070,219
As a percentage of issued share capital	56.9 %

Part III - Not Required

Part IV

Holdings of Director, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	38,087,498
As a percentage of issued share capital	0 %	43.28 %
No. of shares held after the change	0	54,070,219
As a percentage of issued share capital	0 %	46.08 %
Footnotes	(i) Before the Change - the percentage of the total issued shares is calculated based on 88,000,004 Ordinary Shares. (ii) After the Change - the percentage of the total issued shares is calculated based on 117,333,338 Ordinary Shares.