RICHLAND GROUP LIMITED: NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	RICHLAND GROUP LIMITED
Company Registration No.	200301668R
Announcement submitted on behalf of	RICHLAND GROUP LIMITED
Announcement is submitted with respect to *	RICHLAND GROUP LIMITED
Announcement is submitted by *	Tan Chong Huat
Designation *	Non Executive Chairman
Date & Time of Broacast	28-Aug-2008 22:32:36
Announcement No.	00189
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	28/08/2008
2. Name of Substantial Shareholder *	Mohammad Soetrisno Bachir
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 Deemed Interest	26/08/2008
2. The change in the percentage level	From 58.72 % to 57.53 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Sale of shares through a married deal by York Hill Group Limited.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change of percentage 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	0	74,291,000
As a percentage of issued share capital	0 %	58.72 %
No. of shares held after the change	0	72,791,000
As a percentage of issued share capital	0 %	57.53 %

Footnotes

(1) The percentage of interests disclosed herein are calculated based on the current total number of issued shares in the capital of the Company (excluding treasury shares) 126,521,250. (2) Mohammad Soetrisno Bachir controls 50% of the total issued shares of Precious Treasure Global Inc ("Precious"). Precious controls 50% of the total issued share capital of Redmount Holdings Limited ("Redmount"). Redmount holds 100% of the total issued share capital of York Hill Group Limited. Pursuant to Section 7(4) of the Companies Act, Cap.50, Mohammad Soetrisno Bachir is deemed interested in the shares held by Redmount and its subsidiaries, including York Hill Group Limited.