OCEAN SKY 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 *	OCEAN SKY INTERNATIONAL LTD
Company Registration No.	198803225E
Announcement submitted on behalf of	OCEAN SKY INTERNATIONAL LTD
Announcement is submitted with respect to *	OCEAN SKY INTERNATIONAL LTD
Announcement is submitted by *	CHIA YAU LEONG
Designation *	COMPANY SECRETARY
Date & Time of Broacast	24-May-2012 18:01:40
Announcement No.	00106
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	23/05/2012
2. Name of Director *	ANG SIEW TIONG
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 Interest	23/05/2012
2. Name of Registered Holder	ANG SIEW TIONG
3. Circumstance(s) giving rise to the interest or change in interest	Exercise of Share Options/Convertibles
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	14,441,196
As a percentage of issued share capital	3.22 %
No. of Shares which are subject of this notice	141,000
As a percentage of issued share capital	0.03 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0.08
No. of Shares held after the change	14,582,196
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	14,441,196	0
As a percentage of issued share capital	3.22 %	0 %
No. of shares held after the change	14,582,196	141,000
As a percentage of issued share capital	3.24 %	0.03 %

Footnotes

(i) Mr Ang Sew Tiong is deemed to be interested in 141,000 shares which are owned by his spouse, Ms Chu Siew Hwa. (ii) The percentage of issued share capital (before the change) is calculated based on 448,495,053 issued shares in the Company. (iii) The percentage of issued share capital (after the change) is calculated based on 449,441,053 issued shares in the Company.