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News Release


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



Part 1
1. Date of notice to issuer * 18-10-2006
Name of Substantial Shareholder * TRL INVESTMENTS LTD
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 2
    1. Date of change of [Select Option]
    2. Name of Registered Holder
    3. Circumstance(s) giving rise to the interest or change in interest


    # Please specify details
    [Select Option]
    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 3
    1. Date of change of Interest 14-07-2006
    2. The change in the percentage level From 36.05 % To 35.52 %
    3. Circumstance(s) giving rise to the interest or change in interest


    # Please specify details
    # Others



    Issue of new ordinary shares in Banyan Tree Holdings Limited pursuant to the Over-allotment Options as described in the Prospectus dated 26/05/2006 in connection with the listing and quotation of ordinary shares in Banyan Tree Holdings Limited on the Mainboard of the SGX-ST on 14/06/2006, resulting in decrease in shareholding percentage of TRL Investments Ltd in Banyan Tree Holdings 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 the result of a series of transactions described above.
    Part 4
    1. Holdings of Substantial Shareholder , including direct and deemed interest :
    Direct Deemed
    No. of shares held before the change 270,460,582 0
    As a percentage of issued share capital 36.05% % 0 %
    No. of shares held after the change 270,460,582 0
    As a percentage of issued share capital 35.52 % 0 %
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