ZAGRO ASIA LIMITED: NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST

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	15-Oct-2009 17:44:07
Announcement No.	00086
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	15/10/2009
2. Name of Director *	Poh Beng Swee
3. Please tick one or more appropriate box(es): *
- Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> Part II
1. Date of change of Deemed Interest	14/10/2009
2. Name of Registered Holder	Soh Dolly
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Married Deal
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	15,125,000
As a percentage of issued share capital	5.85 %
No. of Shares which are subject of this notice	548,000
As a percentage of issued share capital	0.21 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0.200
No. of Shares held after the change	15,673,000
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 Director, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	79,718,000	30,125,000
As a percentage of issued share capital	30.83 %	11.65 %
No. of shares held after the change	79,718,000	30,673,000
As a percentage of issued share capital	30.83 %	11.86 %

Footnotes

Percentage of shareholdings is calculated based on the total number of 258,572,238 voting shares in issue