OSIM INTERNATIONAL LTD: 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 *	OSIM INTERNATIONAL LTD
Company Registration No.	198304191N
Announcement submitted on behalf of	OSIM INTERNATIONAL LTD
Announcement is submitted with respect to *	OSIM INTERNATIONAL LTD
Announcement is submitted by *	Peter Lee Hwai Kiat
Designation *	Chief Financial Officer
Date & Time of Broacast	20-Dec-2011 17:20:45
Announcement No.	00043
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	19/12/2011
2. Name of Director *	Ron Sim Chye Hock
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 Shareholding	16/12/2011
2. Name of Registered Holder	Ron Sim Chye Hock
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	The change in interest is the result of a transfer of shares from RS Assets Ltd to principal Mr Ron Sim.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	319,817,815
As a percentage of issued share capital	43.35 %
No. of Shares which are subject of this notice	15,000,000
As a percentage of issued share capital	2.03 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0.00
No. of Shares held after the change	334,817,815
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	319,817,815	191,777,719
As a percentage of issued share capital	43.35 %	25.99 %
No. of shares held after the change	334,817,815	176,777,719
As a percentage of issued share capital	45.38 %	23.96 %

Footnotes

Mr Ron Sim's deemed interest currently comprises of shares held by the following parties : 1. RS Assets Limited (107,467,179 shares), 2. Mdm Teo Sway Heong/Mrs Sim (6,692,020 shares) 3. Ms Rachel Sim (100,000 shares) and 4) Credit Suisse Group (62,518,520 shares) Mr Ron Sim's total shareholding now stands at 511,595,534 shares or 69.34% of the issued share capital.