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Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest

28 October 2007
>> PART I
 
1. Date of notice to issuer * 26-10-2007  
 
2. Name of Substantial Shareholder * Thoresen Chartering (HK) 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 Interest 26-10-2007  
 
2. The change in the percentage level From 20.57 % To 19.89 %
 
3. Circumstance(s) giving rise to the interest or change in interest # Others  
  # Please specify details
Change in interest is due to the increase in capital of the Company arising from the exercise of the over-allotment option in connection with the initial public offering. This is a change in the percentage of issued share capital held and not a change in the number of shares held.  
 
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 is a result of the transaction described above.  
   
>> PART IV
 
1. Holdings of Substantial Shareholder , including direct and deemed interest :
 
"" Direct Deemed
No. of shares held before the change 107,648,600   0  
As a percentage of issued share capital 20.57 % 0.00 %
No. of shares held after the change 107,648,600   0  
As a percentage of issued share capital 19.89 % 0.00 %
 
Footnotes
Macquarie Securities (Singapore) Pte Limited is the Sole Global Coordinator, Bookrunner and Underwriter for, and Macquarie Securities (Asia) Pte Limited is the Issue Manager for, the initial public offering of the Company. This announcement has been prepared and released by the Company.
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