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NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST - 23 April 2007

PART I

1. Date of Notice issuer

23-04-2007

2. Name of Director

Low Kheng Thor

Please tick one or more appropriate box(es): *

Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

PART II

1. Date of change of Interest

20-04-2007

2. Name of Registered Holder

Low Kheng Thor

3. Circumstance(s) giving rise to the interest or change in interest

# others

# Please specify details

Increase in shares as a result of completion of bonus issue of 34,100,000 new ordinary shares in the share capital of AnnAik Limited.

4. Information relating to shares held in the name of the Registered Holder

No. of Options held before the change

1,597,500

As a percentage of issued share capital

0.94%

No. of Options which are subject of this notice

319,500

As a percentage of issued share capital

0%

Amount of consideration (excluding brokerage and stamp duties) per share paid or received

0

No. of  Options held after the change

1,917,000

As a percentage of issued share capital

0.94%

PART III

1. Date of change of [Select Option]

 

2. The change in percentage level

From % to %

3. Circumstance(s) giving rise to the interest or change in interest

# Please specify details

[Select Option]

4. A statement of whether the change in the percentage level is the result of transaction or a series of transactions:

 

PART IV

1. Holding of Director, including direct and deemed interest:

 

Direct

Deemed

No. of shares held before the change

1,597,500

0

As a percentage of issued share capital

0.94%

0 %

No. of shares held after the change

1,917,000

0

As a percentage of issued share capital

0.94%

0 %

Footnotes


(i) Percentage of issued share capital for shares held before the change was calculated based on 170,500,000 ordinary shares before the bonus issue of 34,100,000 new ordinary shares in the share capital of AnnAik Limited.

(ii) Percentage of issued share capital for shares held after the change was calculated based on 204,600,000 ordinary shares following the bonus issue of 34,100,000 new ordinary shares in the share capital of AnnAik Limited.

No. of outstanding options - 500,000

 

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