| Notice of Interest/Change in Interest | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | ZAGRO ASIA LIMITED |
| Company Registration No. | 199406784D |
| Announcement submitted on behalf of | ZAGRO ASIA LIMITED |
| Announcement is submitted with respect to * | ZAGRO ASIA LIMITED |
| Announcement is submitted by * | Poh Beng Swee |
| Designation * | Chairman |
| Date & Time of Broacast | 20-Nov-2009 17:13:45 |
| Announcement No. | 00047 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| >> Part I | |
| 1. Date of notice to issuer * | 20/11/2009 |
| 2. Name of Substantial Shareholder * | Invardar Holdings 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] | |
| >> Part II | |
| 1. Date of change of [Select Option] | |
| 2. Name of Registered Holder | |
| 3. Circumstance(s) giving rise to the interest or change in interest | |
| # Please specify details | |
| 4. Information relating to shares held in the name of the Registered Holder | |
| No. of N.A. 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 | |
| >> Part III | |
| 1. Date of change of Interest | 10/11/2009 |
| 2. The change in the percentage level | From 24.71 % to 0.00 % |
| 3. Circumstance(s) giving rise to the interest or change in interest | # Others |
| # Please specify details | Transfer to related company as part of a group reorganisation of The Zuellig Group Incorporated. |
| 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. |
| >> Part IV | ||
| 1. Holdings of Substantial Shareholder, including direct and deemed interest: | ||
| Direct | Deemed | |
| No. of shares held before the change | 63,904,000 | 0 |
| As a percentage of issued share capital | 24.71 % | 0.0 % |
| No. of shares held after the change | 0 | 0 |
| As a percentage of issued share capital | 0.00 % | 0.0 % |
| Footnotes | Percentage of shareholdings is calculated based on the total number of 258,572,238 voting shares in issue. |