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

BackJun 19, 2008
Part I
1. Date of notice to issuer 19/06/2008
2. Name of Substantial Shareholder Morgan Stanley International Holdings Inc. , Morgan Stanley International Incorporated and Morgan Stanley
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 13/06/2008
2. The change in the percentage level From 11.812 % To 12.027 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Discretionary mandates positions purchased through open market transactions by Morgan Stanley Investment Management Company.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Shares were purchased through a series of transactions from 10/01/2008 through 13/06/2008.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 162,710,005
As a percentage of issued share capital 0 % 11.812 %
No. of shares held after the change 0 165,675,005
As a percentage of issued share capital 0 % 12.027 %
Footnotes (a) The percentage issued share capital is calculated based on 1,377,481,220 United Industrial Corporation Limited ("UIC") shares in issue as at 13.06.2008.
(b) This is a Revised Notice of Substantial Shareholder's Change of Interests in UIC dated 17 June 2008 . The amendments are as follows:
Under Parts III and IV, the change in the percentage level - has been amended to reflect 12.027% instead of 12.031%, and
Under Part IV, the holdings of Substantial Shareholder, the deemed interest has been amended to reflect 165,675,005, instead of 165,718,005.
(c) Except for the above revisions, all other information contained in the notifcation dated 17 June 2008 (please refer to UIC's announcement dated 18 June 2008) remain unchanged.