NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST *

* Asterisks denote mandatory information

"DISCLAIMER:-This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."

Name of Announcer *

HERSING CORPORATION LTD  

Company Registration No.

199706986E  

Announcement submitted on behalf of

HERSING CORPORATION LTD  

Announcement is submitted with respect to *

HERSING CORPORATION LTD  

Announcement is submitted by *

Chng Lay Har

Designation *

Director  

Date & Time of Broadcast

28-Sep-2012 17:16:33  

Announcement No.

00076  

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

>> PART I

1.

Date of notice to issuer *

28-09-2012  

2.

Name of Director *

Chua Wah EngHarry ("HC") 

3.

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

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

·Noticeof a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1.

Date of change of Interest

27-09-2012  

2.

Name of Registered Holder

United Overseas Bank Nominees (Private) Limited  

3.

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

# Others  

# Please specify details

The voluntary conditional cash offer ("Offer") by United Overseas Bank Limited for and on behalf of AHC Pte.Ltd. ("AHC"), to acquire all the issued and paid-up ordinary shares in the capital of Hersingother than those shares held by Hersingas treasury shares and those held, directly or indirectly by AHC as at the date that the Offer, was declared unconditional on 5 September 2012.

Taking into account acceptances received pursuant to the Offer as at 5.00 p.m. on 26 September 2012 of 414,000 shares and 27 September 2012 of 1,329,000 shares, the Offerorholds or has agreed to acquire 605,462,330 shares, representing 96.34% of the total number of issued shares (excluding treasury shares). This includes HC's direct and deemed interest in 443,830,220 shares representing approximately 70.62% of the total number of issued shares (excluding treasury shares).

Pursuant to Section 7 of the Companies Act (Chapter 50) of Singapore, HC is deemed to have an interest in the shares held by AHC.  

4.

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

No. of Shares held before the change

603,719,330  

As a percentage of issued share capital

96.06 %

No. of Shares which are subject of this notice

1,743,000  

As a percentage of issued share capital

0.28 %

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

0.23  

No. of Shares held after the change

605,462,330  

As a percentage of issued share capital

96.34 %

>> PART III

1.

Date of change of Interest

27-09-2012  

2.

The change in the percentage level

From 96.06 % To 96.34 %

3.

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

# Others  

# Please specify details

The voluntary conditional cash offer ("Offer") by United Overseas Bank Limited for and on behalf of AHC, to acquire all the issued and paid-up ordinary shares in the capital of Hersingother than those shares held by Hersingas treasury shares and those held, directly or indirectly by AHC as at the date that the Offer, was declared unconditional on 5 September 2012.

Taking into account acceptances received pursuant to the Offer as at 5.00 p.m. on 26 September 2012 of 414,000 shares and 27 September 2012 of 1,329,000 of shares, the Offerorholds or has agreed to acquire 605,462,330 shares, representing 96.34% of the total number of issued shares (excluding treasury shares). This includes HC's direct and deemed interest in 443,830,220 shares representing approximately 70.62% of the total number of issued shares (excluding treasury shares).

Pursuant to Section 7 of the Companies Act (Chapter 50) of Singapore, HC is deemed to have an interest in the shares held by AHC.  

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 Director , including direct and deemed interest :

Direct

Deemed

No. of shares held before the change

0  

603,719,330  

As a percentage of issued share capital

0 %

96.06 %

No. of shares held after the change

0  

605,462,330  

As a percentage of issued share capital

0 %

96.34 %

Footnotes

Deemed interest:
Pursuant to Section 7 of the Companies Act (Chapter 50) of Singapore, HC is deemed to have an interest in the 605,462,330 shares held by AHC.

The percentage of issued share capital is calculated based on 628,475,216 shares in the Company (excluding treasury shares).  

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