| NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S 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 * | PACIFIC ANDES RESOURCES DEVLTD |
| Company Registration No. | EC/22137 |
| Announcement submitted on behalf of | PACIFIC ANDES RESOURCES DEVLTD |
| Announcement is submitted with respect to * | PACIFIC ANDES RESOURCES DEVLTD |
| Announcement is submitted by * | Lynn Wan Tiew Leng |
| Designation * | Company Secretary |
| Date & Time of Broadcast | 18-Jul-2011 17:41:11 |
| Announcement No. | 00075 |
| The details of the announcement start here ... |
| 1. | Date of notice to issuer * | 18-07-2011 |
| 2. | Name of Substantial Shareholder * | Clamford Holding Limited |
| 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]
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| 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 | % |
|
| 1. | Date of change of Interest | 15-07-2011 |
| 2. | The change in the percentage level | From 63.75 %
To 65.60 % |
| 3. | Circumstance(s) giving rise to the interest or change in interest | Exercise of Share Options/Convertibles |
| | # Please specify details | |
| 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 transaction.
|
|
| 1. | Holdings of Substantial Shareholder , including direct and deemed interest : |
 | Direct | Deemed |
| No. of shares held before the change | 1,977,971,505 | 32,604,560 |
| As a percentage of issued share capital | 62.72 % | 1.03 % |
| No. of shares held after the change | 2,037,971,505 | 32,604,560 |
| As a percentage of issued share capital | 64.57 % | 1.03 % |
| Footnotes |
(1) The deemed interest of Clamford Holding Limited comprised of shares held in the name of UOB Kay Hian Pte Ltd and Nomura Singapore Limited.
(2) The percentage of issued share capital for number of shares held before the change is based on the share capital of 3,153,824,842 shares.
(3) The percentage of issued share capital for number of shares held after the change is based on the enlarged share capital of 3,156,397,166 shares as at 15 July 2011.
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