CITYNEON HOLDINGS LIMITED: NOTICE OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	CITYNEON HOLDINGS LIMITED
Company Registration No.	199903628E
Announcement submitted on behalf of	CITYNEON HOLDINGS LIMITED
Announcement is submitted with respect to *	CITYNEON HOLDINGS LIMITED
Announcement is submitted by *	DOROTHY HO/WONG JUAR MING
Designation *	COMPANY SECRETARIES
Date & Time of Broacast	16-May-2008 19:10:48
Announcement No.	00157
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	16/05/2008
2. Name of Substantial Shareholder *	Global Advisory Group Pte Ltd
3. Please tick one or more appropriate box(es): *
- Notice of a New Substantial Shareholder's interest. [Please complete Part II and IV]

>> Part II
1. Date of change of Deemed Interest	14/05/2008
2. Name of Registered Holder	DBS Nominees Pte Ltd for the account of Yellow Pages (Singapore) Limited
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Purchase of 13,164,971 shares in Cityneon Holdings Limited by Yellow Pages (Singapore) Limited ("YPS"). The 13,164,971 shares in Cityneon Holdings Limited are registered in the name of DBS Nominees Pte Ltd for the account of YPS. Global Advisory Group Pte Ltd is deemed to have an interest in the 13,164,971 shares in Cityneon Holdings Limited held by YPS pursuant to section 7 of the Companies Act, Chapter 50 as it and Stanley Tan Poh Leng, an associate of Global Advisory Group Pte Ltd for the purposes of section 7, together exercise or control the exercise of not less than 20% of the votes attached to the voting shares in YPS.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	0
As a percentage of issued share capital	0 %
No. of Shares which are subject of this notice	13,164,971
As a percentage of issued share capital	15.138693 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0
No. of Shares held after the change	13,164,971
As a percentage of issued share capital

>> Part III
1. Date of change of [Select Option]
2. The change in the percentage level	From % to %
3. Circumstance(s) giving rise to the interest or change in interest	[Select Option]
# Please specify details
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	0
As a percentage of issued share capital	0 %	0 %
No. of shares held after the change	0	13,164,971
As a percentage of issued share capital	0 %	15.138693 %