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NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST- ANG MONG SENG - 3 May 2007

PART I

1. Date of Notice issuer

02-05-2007

2. Name of Director

Ang Mong Seng

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

30-04-2007

2. Name of Registered Holder

Ang Mong Seng

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

# others

# Please specify details

Acceptance of options granted pursuant to AnnAik Share Option Scheme 2003

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

No. of Options held before the change

1,000,000

As a percentage of issued share capital

0.49%

No. of Options which are subject of this notice

300,000

As a percentage of issued share capital

0.15%

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

0.24

No. of  Options held after the change

1,300,000

As a percentage of issued share capital

0.64%

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

360,000

0

As a percentage of issued share capital

0.18%

0%

No. of shares held after the change

360,000

0

As a percentage of issued share capital

0.18%

0%

Footnotes

1) Amount of consideration (excluding brokerage and stamp duties) per share paid or received is $0.24, being the average of the last dealt prices for a share for three consecutive trading days immediately preceding the date of the relevant Letter of Offer with 20% discount, rounded up to the nearest whole cent.

2) The number of options held by Director as a percentage of issued share capital is computed based on AnnAik Limited's issued share capital of 204,600,000 shares as at 30 April 2007.

3) No. of outstanding options as at 30 April 2007 - 1,300,000.  

 

 

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