COSMOSTEEL HOLDINGS LIMITED: NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	COSMOSTEEL HOLDINGS LIMITED
Company Registration No.	200515540Z
Announcement submitted on behalf of	COSMOSTEEL HOLDINGS LIMITED
Announcement is submitted with respect to *	COSMOSTEEL HOLDINGS LIMITED
Announcement is submitted by *	LEE PIH PENG
Designation *	COMPANY SECRETARY
Date & Time of Broacast	16-Oct-2009 17:34:54
Announcement No.	00097
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	16/10/2009
2. Name of Substantial Shareholder *	Jeffrey Hing Yih Peir
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	16/10/2009
2. The change in the percentage level	From 7.15 % to 4.78 %
3. Circumstance(s) giving rise to the interest or change in interest	Sales in Open Market at Own Discretion
# 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	Change in the percentage level is the result of 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	15,100,000	0
As a percentage of issued share capital	7.15 %	0 %
No. of shares held after the change	10,100,000	0
As a percentage of issued share capital	4.78 %	0 %