Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest 24 December 2010

Part I
1. Date of notice to issuer 24/12/2010
2. Name of Director Wee Cho Yaw
3. Notice Type Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II
1. Date of change of Interest 22/12/2010
2. Name of Registered Holder a) UOB Kay Hian Private Limited - 102,295,500 shares, b)Tye Hua Nominees (Pte) Ltd - 31,258,400 shares: beneficiary - UOL Equity Investments Pte Ltd ("UEI")
3. Circumstance(s) giving rise to the interest or change in interest # Others

Acquisition of UOB Limited's shareholding interest in United Industrial Corporation Limited ("UIC")
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 412,947,665
As a percentage of issued share capital 29.978 %
No. of Shares which are subject of this notice 133,553,900
As a percentage of issued share capital 9.6955 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 2.40
No. of Shares held after the change 546,501,565
As a percentage of issued share capital 39.6735 %
Part III
1. Date of change of Interest 22/12/2010
2. The change in the percentage level From 37.364 % To 47.060 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Acquisition of UOB Limited's shareholding interest in UIC
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 UEI's acquisition of UOB Limited's shareholding interest in UIC
Part IV
1. Holdings of Director, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 24,000 514,656,665
As a percentage of issued share capital 0.002 % 37.362 %
No. of shares held after the change 24,000 648,210,565
As a percentage of issued share capital 0.002 % 47.058 %
Footnotes The percentages are calculated based on UIC's issued and paid up shares of 1,377,481,220 as at 22 December 2010.