Sin Heng Heavy Machinery Limited

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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest
BackNov 26, 2010
Part I
1. Date of notice to issuer 26/11/2010
2. Name of Substantial Shareholder TAL 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 26/11/2010
2. The change in the percentage level From 61.71 % To 22.83 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Sin Heng Holdings Ltd ("SHH") transfers its entire shareholding in Sin Heng Heavy Machinery Limited ("the Company") to the following beneficial owners:

(i) SEAVI Advent Equity V (C) Ltd - 178,693,200 shares (38.88%); and

(ii) TAL Holdings Pte. Ltd. ("TALH") - 104,946,800 shares (22.83%).
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A transaction
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 283,640,000
As a percentage of issued share capital 0 % 61.71 %
No. of shares held after the change 104,946,800 0
As a percentage of issued share capital 22.83 % 0 %
Footnotes TALH owns 37% shares in TFSA Investments Ltd ("TFSA") and SHH is a wholly owned subsidiary of TFSA. TALH is deemed to be interested in the 283,640,000 ordinary shares held by SHH in the Company.

The percentages are computed based on the issued share of 459,640,000 shares as at 26 November 2010.

DBS Bank Ltd. is the Joint Issue Manager, Underwriter and Placement Agent and Stirling Coleman Capital Limited is the Joint Issue Manager for the Company's listing on the SGX-ST.
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