Sin Heng Heavy Machinery Limited

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Notice Of Cessation Of Substantial Shareholding
BackNov 26, 2010
Part I
1. Date of notice to issuer 26/11/2010
2. Name of Substantial Shareholder Sin Heng Holdings 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 0 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Sin Heng Holdings Ltd transfers its entire shareholding in Sin Heng Heavy Machinery Limited to the following beneficial owners:

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

(ii) TAL Holdings Pte. Ltd. - 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 283,640,000 0
As a percentage of issued share capital 61.71 % 0 %
No. of shares held after the change 0 0
As a percentage of issued share capital 0 % 0 %
Footnotes 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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