Raffles Education Corporation Limited

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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackSep 13, 2012
Part I
1. Date of notice to issuer 13/09/2012
2. Name of Substantial Shareholder Oei Hong Leong
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 13/09/2012
2. The change in the percentage level From 6.14 % To 7.18 %
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase

By virtue of section 7 of the Companies Act (Chapter 50), Oei Hong Leong is deemed to be interested in Raffles Education Corporation shares held by Oei Hong Leong Art Museum Limited.
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 IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 41,552,000 10,974,000
As a percentage of issued share capital 4.86 % 1.28 %
No. of shares held after the change 50,240,000 11,075,000
As a percentage of issued share capital 5.88 % 1.30 %
Footnotes The above percentages of interests are calculated based on 854,469,361 shares (excluding 19,932,000 Treasury Shares).
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