HYFLUX LTD: 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 *	HYFLUX LTD
Company Registration No.	200002722Z
Announcement submitted on behalf of	HYFLUX LTD
Announcement is submitted with respect to *	HYFLUX LTD
Announcement is submitted by *	Lim Poh Fong
Designation *	Company Secretary
Date & Time of Broacast	21-May-2012 18:12:11
Announcement No.	00097
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	18/05/2012
2. Name of Substantial Shareholder *	Matthews International Capital Management, LLC
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	18/05/2012
2. The change in the percentage level	From 6.08 % to 7.06 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Purchase for investment purposes only.
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 percentage level is the results 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	51,533,030
As a percentage of issued share capital	0 %	6.08 %
No. of shares held after the change	0	59,456,030
As a percentage of issued share capital	0 %	7.06 %

Footnotes

Please note that the share amounts reported below includes shares previously reported by Matthews International Funds, a discretionary investment fund whose interest in Hyflux shares is managed by Matthews International Capital Management, LLC acting as its Investment Advisor.