| Part I |
| 1. |
Date of notice to issuer |
12/03/2008 |
| 2. |
Name of Substantial Shareholder |
Argyle Street Management Holdings Limited |
| 3. |
Notice Type |
Notice of a New Substantial Shareholder's interest.
|
| Part II |
| 1. |
Date of change of Deemed Interest |
12/03/2008 |
| 2. |
Name of Registered Holder |
HSBC Fund Service Client A/c |
| 3. |
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 Mangement 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 holds 11,465,081 shares of TIH and is the beneficial holder of more than 20% of the issued share capital of ASM Ventures Limited which holds 25,782,417 shares of TIH. ASMHRF also holds 840,000 shares of TIH. Accordingly, ASMHL has a deemed interest in 38,087,498 shares. Please also see "Footnotes". |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
0 |
| As a percentage of issued share capital |
0 % |
| No. of Shares which are subject of this notice |
38,087,498 |
| As a percentage of issued share capital |
43.28 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0 |
| No. of Shares held after the change |
38,087,498 |
| As a percentage of issued share capital |
43.28 % |
|
| Part III - Not Required |
| Part IV |
| 1. |
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 |
38,087,498 |
| As a percentage of issued share capital |
0 % |
43.28 % |
| Footnotes |
Total deemed interest of 38,087,498 shares of TIH is held through the following under management of Argyle Street Management Limited who is a substantial shareholder of TIH:
(i) 25,782,417 shares: ASM Ventures Limited;
(ii) 11,465,081 shares: ASM Asia Recovery (Master) Fund; and
(iii) 840,000 shares: ASM Hudson River Fund.
All shares are registered under the name of HSBC Fund Service Client A/C. |
|
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