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

    BackOct 12, 2010
    Part I
    1. Date of notice to issuer 12/10/2010
    2. Name of Substantial Shareholder Wah Holdings 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 12/10/2010
    2. The change in the percentage level From 15.577 % To 15.291 %
    3. Circumstance(s) giving rise to the interest or change in interest # Others

    The change in percentage level is due to the placement of 4,300,000 new shares in the capital of Stamford Tyres Corporation Limited to Sumitomo Rubber Industries, Ltd.
    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 the result of a transaction.
    Part IV
    1. Holdings of Substantial Shareholder, including direct and deemed interest :
     
      Direct Deemed
    No. of shares held before the change 32,413,752 3,500,000
    As a percentage of issued share capital 14.059 % 1.518 %
    No. of shares held after the change 32,413,752 3,500,000
    As a percentage of issued share capital 13.801 % 1.490 %
    Footnotes Percentage of issued shares before and after the change is calculated based on 230,561,244 ordinary shares as at 11 October 2010 and 234,861,244 ordinary shares at 12 October 2010 respectively.