Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest 10 May 2012

Part I
1. Date of notice to issuer 09/05/2012
2. Name of Substantial Shareholder UOL Group Limited
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 09/05/2012
2. The change in the percentage level From 42.02 % To 43.01 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Pursuant to market acquisitions
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 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 32,318,000 546,501,565
As a percentage of issued share capital 2.35 % 39.67 %
No. of shares held after the change 32,318,000 560,344,565
As a percentage of issued share capital 2.35 % 40.66 %
Footnotes a) The direct interest includes shares held through nominees. The deemed interest comprises shares held through wholly-owned subsidiary, UOL Equity Investments Pte Ltd.
b) The percentages before the change are computed based on UIC's issued and paid up shares of 1,377,481,220 as at 22/12/2010.
c) The percentages after the change are computed based on UIC's issued and paid up shares of 1,378,061,220 as at 9 May 2012.