| Notice of Interest/Change in Interest | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | UNITED FIBER SYSTEM LIMITED |
| Company Registration No. | 199508589E |
| Announcement submitted on behalf of | UNITED FIBER SYSTEM LIMITED |
| Announcement is submitted with respect to * | UNITED FIBER SYSTEM LIMITED |
| Announcement is submitted by * | Pauline Lee |
| Designation * | Acting Chief Executive Officer |
| Date & Time of Broacast | 07-Jun-2012 17:36:55 |
| Announcement No. | 00049 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| >> Part I | |
| 1. Date of notice to issuer * | 06/06/2012 |
| 2. Name of Substantial Shareholder * | Paramount Assets Investments Pte. Ltd |
| 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 | 05/06/2012 |
| 2. The change in the percentage level | From 10.17 % to 9.26 % |
| 3. Circumstance(s) giving rise to the interest or change in interest | # Others |
| # Please specify details | The change in the percentage level of Paramount Asstes Investments Pte. Ltd.'s interest in UFS is due to the enlargement of the UFS share capital as a result of new UFS shares issued and allotted to (1) ASM Asia Recovery (Master) Fund, (2) ASM Co-Investment Term Trust I, (3) ASM Hudson River Fund and (4) ASM Co-Investment Opprotunity Trust I LP upon conversion of their bonds and loan. A total of 337,209,459 new UFS shares were allotted. |
| 4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions | N/A |
| >> Part IV | ||
| 1. Holdings of Substantial Shareholder, including direct and deemed interest: | ||
| Direct | Deemed | |
| No. of shares held before the change | 351,000,000 | 0 |
| As a percentage of issued share capital | 10.17 % | 0 % |
| No. of shares held after the change | 351,000,000 | 0 |
| As a percentage of issued share capital | 9.26 % | 0 % |
| Footnotes | Shareholding percentage before the change of interest is computed based on UFS's share capital of 3,452,477,835 shares at 4 June 2012. Shareholding percentage after the change of interest is computed based on UFS's share capital of 3,789,687,294 shares at 5 June 2012. The change in the percentage level of Director's interest in UFS is due to the enlargement of the UFS share capital as a result of new UFS shares issued and allotted to (1) ASM Asia Recovery (Master) Fund, (2) ASM Co-Investment Term Trust I, (3) ASM Hudson River Fund and (4) ASM Co-Investment Opprotunity Trust I LP upon conversion of their bonds and loan. A total of 337,209,459 new UFS shares were allotted. |