NOTICE OF A SUBSTANTIAL SHAREHOLDER'S 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 12-Sep-2012 17:18:30  
Announcement No. 00035  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
>> PART I
1. Date of notice to issuer * 12-09-2012  
2. Name of Substantial Shareholder * AHC Pte. Ltd. ("AHC") 
3. Please tick one or more appropriate box(es): *
  • 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 [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest [Select Option]  
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of [Select Option] held before the change
As a percentage of issued share capital %
No. of N.A. which are subject of this notice
As a percentage of issued share capital %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital %
>> PART III
1. Date of change of Interest 11-09-2012  
2. The change in the percentage level From 91.65 % To 93.59 %
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 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 10 September 2012 of 8,721,500 shares and 11 September 2012 of 3,452,500 shares, the Offeror holds or has agreed to acquire 588,201,720 Shares, representing 93.59% of the total number of issued Shares (excluding treasury shares).  
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 0   576,027,720  
As a percentage of issued share capital 0 % 91.65 %
No. of shares held after the change 0   588,201,720  
As a percentage of issued share capital 0 % 93.59 %
Footnotes
The 588,201,720 shares is intended to be held on behalf of AHC by United Overseas Bank Nominees (Private) Limited.

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