WBL CORPORATION 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 *	WBL CORPORATION LIMITED
Company Registration No.	191200028Z
Announcement submitted on behalf of	WBL CORPORATION LIMITED
Announcement is submitted with respect to *	WBL CORPORATION LIMITED
Announcement is submitted by *	Tan Swee Hong
Designation *	Company Secretary
Date & Time of Broacast	20-Jan-2012 17:15:58
Announcement No.	00060
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	20/01/2012
2. Name of Substantial Shareholder *	Great Eastern Holdings Limited
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 Deemed Interest	19/01/2012
2. The change in the percentage level	From 16.110 % to 17.077 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Conversion of 2.5% convertible bonds due 10 June 2014 into ordinary shares in the capital of WBL Corporation Limited
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	0	42,377,189
As a percentage of issued share capital	0 %	16.110 %
No. of shares held after the change	0	45,477,821
As a percentage of issued share capital	0 %	17.077 %

Footnotes

The percentage level of the stockholding interest before the change is computed based on 263,043,302 stock units. The percentage level of the stockholding interest after the change is computed based on 266,304,302 stock units.