ACTION ASIA 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 *	ACTION ASIA LIMITED
Company Registration No.	200206715M
Announcement submitted on behalf of	ACTION ASIA LIMITED
Announcement is submitted with respect to *	ACTION ASIA LIMITED
Announcement is submitted by *	Juliana Loh Joo Hui
Designation *	Company Secretary
Date & Time of Broacast	07-Sep-2011 17:42:51
Announcement No.	00065
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	05/09/2011
2. Name of Substantial Shareholder *	ACTION ELECTRONICS CO., LTD
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 Shareholding	05/09/2011
2. The change in the percentage level	From 55.99 % to 56.26 %
3. Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase
# Please specify details	Action Electronics Co., Ltd is deemed to have an interest in the 7,437,000 shares held by its wholly owned subsidiary Almond Garden Corp through UOB Kay Hian Pte Ltd, pursuant to Section 7 of the Companies Act, CAP 50.
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 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	217,052,310	6,353,000
As a percentage of issued share capital	54.40 %	1.59 %
No. of shares held after the change	217,052,310	7,437,000
As a percentage of issued share capital	54.40 %	1.86 %

Footnotes

Subsequent to the share-buy-back exercised by the Company and as had announced, the issued share capital of the Company which initially comprises 400,000,000 ordinary shares has now been reduced to 399,000,000 ordinary shares.