SINOPIPE HOLDINGS 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 *	SINOPIPE HOLDINGS LIMITED
Company Registration No.	200411382N
Announcement submitted on behalf of	SINOPIPE HOLDINGS LIMITED
Announcement is submitted with respect to *	SINOPIPE HOLDINGS LIMITED
Announcement is submitted by *	Chen Li Hui
Designation *	Chief Executive Officer and Executive Director
Date & Time of Broacast	06-Jan-2010 17:40:27
Announcement No.	00088
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	05/01/2010
2. Name of Substantial Shareholder *	Kusnadi Lybianto
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	31/12/2009
2. The change in the percentage level	From 12.97 % to 12.97 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	There was a change of nominee from United Overseas Bank Nominees Pte Ltd to Citicorp Investment Bank (Singapore) Ltd for 5.75% of Mr Kusnadi Lybianto's shareholding. The balance of Mr Kusnadi Lybianto's shareholding of 7.22% is held in trust by HL Bank Nominees (S) Pte Ltd.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change in the percentage level 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	29,201,660	0
As a percentage of issued share capital	12.97 %	0 %
No. of shares held after the change	29,201,660	0
As a percentage of issued share capital	12.97 %	0 %

Footnotes

Mr Kusnadi Lybianto's shareholding of 7.22% (16,250,575 shares) and 5.75% (12,951,085 shares) are held in trust by HL Bank Nominees (S) Pte Ltd and Citicorp Investment Bank (Singapore) Ltd respectively.