NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST *
* Asterisks denote mandatory information
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 04-Oct-2012 10:10:18  
Announcement No. 00021  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
>> PART I
1. Date of notice to issuer * 04-10-2012  
2. Name of Director * Chua Wah Eng Harry ("HC") 
3. 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]
  • Notice of 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 03-10-2012  
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 Hersing other than those shares held by Hersing as 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 2 October 2012 of 245,000 shares and 3 October 2012 of 157,500 shares, the Offeror holds or has agreed to acquire 606,896,730 shares, representing 96.57% 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 606,494,230  
As a percentage of issued share capital 96.50 %
No. of Shares which are subject of this notice 402,500  
As a percentage of issued share capital 0.07 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.23  
No. of Shares held after the change 606,896,730  
As a percentage of issued share capital 96.57 %
>> PART III
1. Date of change of Interest 03-10-2012  
2. The change in the percentage level From 96.50 % To 96.57 %
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 Hersing other than those shares held by Hersing as 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 2 October 2012 of 245,000 shares and 3 October 2012 of 157,500 shares, the Offeror holds or has agreed to acquire 606,896,730 shares, representing 96.57% 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   606,494,230  
As a percentage of issued share capital 0 % 96.50 %
No. of shares held after the change 0   606,896,730  
As a percentage of issued share capital 0 % 96.57 %
Footnotes
Deemed interest:
Pursuant to Section 7 of the Companies Act (Chapter 50) of Singapore, HC is deemed to have an interest in the 606,896,730 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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