>> PART I
 
1. Date of notice to issuer * 28-08-2008  
 
2. Name of Substantial Shareholder * Thoresen Thai Agencies Public Company Limited 
 
3. Please tick one or more appropriate box(es): *
 
  • Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
   
>> PART II
 
1. Date of change of [Select Option]  
 
2. Name of Registered Holder  
 
3. Circumstance(s) giving rise to the interest or change in interest [Select Option]  
  # Please specify details
   
 
4. Information relating to shares held in the name of the Registered Holder
 
No. of [Select Option] held before the change  
As a percentage of issued share capital %
 
No. of N.A. which are subject of this notice  
As a percentage of issued share capital %
 
Amount of consideration (excluding brokerage and stamp duties) per share paid or received  
 
No. of N.A. held after the change  
As a percentage of issued share capital %
   
>> PART III
 
1. Date of change of Deemed Interest 28-08-2008  
 
2. The change in the percentage level From 19.89 % To 21.74 %
 
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase  
  # Please specify details
The change in deemed interest was a result of the purchase of 10,000,000 shares in the Company by Thoresen Shipping Singapore Pte. Ltd., a wholly owned subsidiary of Thoresen Thai Agencies Public Company Limited.  
 
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
The change in the percentage level is a result of one transaction.  
   
>> PART IV
 
1. Holdings of Substantial Shareholder , including direct and deemed interest :
 
"" Direct Deemed
No. of shares held before the change 191,602,670   107,648,600  
As a percentage of issued share capital 35.40 % 19.89 %
No. of shares held after the change 191,602,670   117,648,600  
As a percentage of issued share capital 35.40 % 21.74 %
 
Footnotes
Macquarie Securities (Singapore) Pte Limited was the Sole Global Coordinator, Bookrunner and Underwriter for, and Macquarie Securities (Asia) Pte Limited was the Issue Manager for, the initial public offering of the Company. This announcement has been prepared and released by the Company.