Notice Of A Substantial Shareholder's Interest

Part I
1. Date of notice to issuer 07/08/2009
2. Name of Substantial Shareholder Soleado Holdings Pte. Ltd.
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Shareholding 07/08/2009
2. Name of Registered Holder Soleado Holdings Pte. Ltd.
3. Circumstance(s) giving rise to the interest or change in interest # Others

Off-market transfer of all shares of the Company held by Thoresen Chartering (HK) Ltd. to Soleado Holdings Pte. Ltd. Both transferor and transferee are wholly owned (100%) subsidiaries of Thoresen Thai Agencies Public Company Limited ("TTA"). The purpose of the transfer was to consolidate all TTA indirect shareholdings in the Company into a single new TTA subsidiary called Soleado Holdings Pte. Ltd. There was no change in the deemed interest of TTA arising from this transaction.
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 0.00 %
No. of Shares which are subject of this notice 107,648,600
As a percentage of issued share capital 19.89 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.77
No. of Shares held after the change 107,648,600
As a percentage of issued share capital 19.89 %
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 0.00 % 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 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.