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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 * 14-06-2006
Name of Substantial Shareholder * CLAIRE CHIANG SEE NGOH
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 14-06-2006
    2. The change in the percentage level From 43.77 % To 36.89 %
    3. Circumstance(s) giving rise to the interest or change in interest


    # Please specify details
    # Others


    Vendor at Initial Public Offeriing ("IPO"); and decrease in deemed shareholding percentage due to the issue of new shares pursuant to the IPO.
    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.
    Part 4
    1. Holdings of Substantial Shareholder , including direct and deemed interest :
    Direct Deemed
    No. of shares held before the change 280,267,768 0
    As a percentage of issued share capital 0 % 43.77 %
    No. of shares held after the change 0 276,706,019
    As a percentage of issued share capital 0 % 36.89 %
    Footnote Ms Claire Chiang See Ngoh is deemed to be interested in the respective shares of Banyan Tree Holdings Limited held by the following entities:

    1. TRL Investments Ltd ("TRLI"); due to her beneficial interest of 80% in Changfung Investments Ltd. TRLI presently holds 270,462,582 shares in Banyan Tree Holdings Limited. Due to issue of new shares pursuant to the IPO, TRLI's shareholding percentage decreased from 42.24% to 36.05%;

    2. Changfung Investments Ltd; due to her beneficial interest of 80% in Changfung Investments Ltd. Changfung Investments Ltd presently holds 149,157 shares (0.02%) in Banyan Tree Holdings Limited; and

    3. Recourse Investments Ltd; due to her direct interest of 50% in Recourse Investments Ltd. Recourse Investments Ltd presently holds 6,096,280 shares (0.81%) in Banyan Tree Holdings Limited.
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