| 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). |
|