SINGXPRESS LAND 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 *	SINGXPRESS LAND LTD.
Company Registration No.	198803164K
Announcement submitted on behalf of	SINGXPRESS LAND LTD.
Announcement is submitted with respect to *	SINGXPRESS LAND LTD.
Announcement is submitted by *	Wong Shui Yeung
Designation *	Chief Financial Officer
Date & Time of Broacast	24-Apr-2012 18:15:47
Announcement No.	00137
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	24/04/2012
2. Name of Director *	Chan Heng Fai
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 Deemed Interest	23/04/2012
2. Name of Registered Holder	Xpress Credit Limited held through UOB Kay Hian Private Limited
3. Circumstance(s) giving rise to the interest or change in interest	Sales in Open Market at Own Discretion
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	2,043,579,422
As a percentage of issued share capital	52.08 %
No. of Shares which are subject of this notice	70,000,000
As a percentage of issued share capital	1.79 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0.01807
No. of Shares held after the change	1,973,579,422
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	0	2,043,579,422
As a percentage of issued share capital	0 %	52.08 %
No. of shares held after the change	0	1,973,579,422
As a percentage of issued share capital	0 %	50.29 %

Footnotes

Chan Heng Fai ("CHF") is the spouse of Chan Yoke Keow ("CYK"). CYK beneficially owns Prime Star Group Co Ltd ("PSG"). CHF and PSG have the controlling interest in Xpress Group Limited ("XGL"). XGL is the holding company of China Credit Singapore Pte Ltd ("CCS") and CCS is the holding company of Xpress Credit Limited ("XCL"). CHF is deemed interested in the 1,973,579,422 shares held by XCL. Please refer to the attached Disclosure Note pursuant to the disclosures required under Note 2, Section 2 of Appendix 1 of the Singapore Code on Takeovers and Mergers. This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr. Bernard Lim (Telephone: [phone]) at 79 Anson Road #15-03 Singapore 079906.

Attachment(s)

20120424_181547_5CE_A85EA67AC35D354B482579EA0026FA8B.1.pdf