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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackOct 29, 2012
Part I
1. Date of notice to issuer 29/10/2012
2. Name of Substantial Shareholder Keh Swee Investment Pte. Ltd.
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 24/10/2012
2. The change in the percentage level From 64.5 % To 64.5 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Pursuant to a share lending agreement entered into between Keh Swee Investment Pte. Ltd. ("Keh Swee") and CIMB Securities (Singapore) Pte. Ltd. ("CIMB Securities"), Keh Swee is deemed to be interested in 22,000,000 shares in Gaylin Holdings Limited which CIMB Securities had borrowed from Keh Swee. CIMB Securities will return an equivalent number of shares either through the purchase of shares in the open market in the conduct of stabilisation activities or through exercise of an over-allotment option granted by Gaylin Holdings Limited to CIMB Securities.
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 percentage level is the result of a single transaction as described in paragraph 3 above.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
  Direct Deemed
No. of shares held before the change 264,410,000 0
As a percentage of issued share capital 64.5 % 0 %
No. of shares held after the change 242,410,000 22,000,000
As a percentage of issued share capital 59.1 % 5.4 %
Footnotes The percentages in shareholding are calculated based on a share capital of 410,000,000 ordinary shares immediately after the initial public offering and listing of Gaylin Holdings Limited.

The initial public offering and the listing of Gaylin Holdings Limited's shares on the Main Board of the Singapore Exchange Securities Trading Limited was sponsored by CIMB Bank Berhad, Singapore Branch (the "Issue Manager"). The Issue Manager assumes no responsibility for the contents of this announcement.