Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest 26 February 2009

Part I
1. Date of notice to issuer 26/02/2009
2. Name of Substantial Shareholder Telegraph Developments Limited ("Telegraph"). JG Summit Philippines Limited and JG Summit Holdings, Inc. have deemed interests in the UIC shares held by Telegraph.
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 25/02/2009
2. The change in the percentage level From 35.263 % To 35.289 %
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A series of transactions - purchase of 350,000 shares by Telegraph Developments Limited
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 485,747,000
As a percentage of issued share capital 0 % 35.263% %
No. of shares held after the change 0 486,097,000
As a percentage of issued share capital 0 % 35.289 %
Footnotes The above percentages are computed based on UIC's issued shares of 1,377,481,220 as at 25 February 2009.


The 486,097,000 UIC shares (held after the change) are registered in the name of CIMB-GK Securities Pte Ltd (5,211,000), United Overseas Bank Limited (53,999,000), Overseas Chinese Banking Corporation Ltd (290,000,000) and DBS Vickers Securities (Singapore) Pte Ltd (136,887,000)


By virtue of Section 7 of the Companies Act:

a) JG Summit Philippines Limited, which is the holding company of Telegraph Developments Limited, is deemed to have an interest in the shares in which Telegraph Developments Limited has an interest in;
b) JG Summit Holdings, Inc., which is the holding company of JG Summit Philippines Limited, is deemed to have an interest in the shares in which JG Summit Philippines Limited has an interest in; and
c) Mr John Gokongwei, Jr. is deemed to have an interest in the shares which JG Summit Holdings, Inc. has an interest in, by virtue of Mr John Gokongwei, Jr.'s interest of not less than 20% of the voting shares in JG Summit Holdings, Inc.