SWIBER 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 *	SWIBER HOLDINGS LIMITED
Company Registration No.	200414721N
Announcement submitted on behalf of	SWIBER HOLDINGS LIMITED
Announcement is submitted with respect to *	SWIBER HOLDINGS LIMITED
Announcement is submitted by *	Raymond Kim Goh
Designation *	Executive Chairman
Date & Time of Broacast	30-Mar-2012 17:31:39
Announcement No.	00106
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	29/03/2012
2. Name of Substantial Shareholder *	Pang Yoke Min
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	21/03/2012
2. The change in the percentage level	From 10.81 % to 9.01 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Allotment and issue of 101,071,000 ordinary shares in the capital of Swiber Holdings Limited ("the Company") at an issue price of S$0.635 pursuant to the Placement exercise as announced by the Company.
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 transaction.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	54,745,000
As a percentage of issued share capital	0 %	10.81 %
No. of shares held after the change	0	54,745,000
As a percentage of issued share capital	0 %	9.01 %

Footnotes

i. Percentage of issued share capital held before the change is computed based on 506,386,666 issued voting shares (excluding treasury shares) in the captial of the Company. ii. Percentage of issued share capital held after the change is computed based on 607,457,666 issued voting shares (excluding treasury shares) in the capital of the Company.