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 *	ONG CHIN SUM
Designation *	CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Date & Time of Broacast	23-Sep-2011 17:27:41
Announcement No.	00052
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	23/09/2011
2. Name of Substantial Shareholder *	TEO CHIN WHATT
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	31/05/2011
2. The change in the percentage level	From 10.69 % to 0 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Based on, inter alia, records obtained from the Depository Register of the Company maintained by the Central Depository (Pte) Limited, the Company understands that the 28,229,992 shares (including the 5,645,998 shares issued pursuant to the Bonus Share Issue on 5 March 2010) that were previously held by the late Mr. Teo Chin Whatt as at 30 April 2011 are no longer held in his name pusuant to transfers to his estate (in or about May 2011) and various beneficiaries of the estate (in or about August 2011), none of whom hold a shareholding interest of 5% or more of the issued shares of the Company as at the date hereof.
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 series of transactions.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	28229992	0
As a percentage of issued share capital	10.69 %	0 %
No. of shares held after the change	0	0
As a percentage of issued share capital	0 %	0 %