OCEAN SKY INTERNATIONAL 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 *	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 18:10:27
Announcement No.	00114
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	24/05/2012
2. Name of Substantial Shareholder *	ANA ASIA 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 Interest	23/05/2012
2. The change in the percentage level	From 29.71 % to 29.64 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	ISSUE OF 946,000 NEW ORDINARY SHARES PURSUANT TO SHARE OPTION SCHEME EXERCISE
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 TRANSACTION

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	133,229,634
As a percentage of issued share capital	0 %	29.71 %
No. of shares held after the change	0	133,229,634
As a percentage of issued share capital	0 %	29.64 %

Footnotes

(i) The 133,229,634 shares are registered in the name of HSBC (Singapore) Nominees Pte. Ltd. (ii) ANA Asia Limited ("ANA") is wholly-owned by Mr Ang Boon Cheow Edward. By virtue of his interest in ANA, Mr Ang Boon Cheow Edward is deemed to be interested in the 133,229,634 shares held by ANA. (iii) The percentage of issued share capital (before the change) is calculated based on 448,495,053 issued shares in the Company. (iv) The percentage of issued share capital (after the change) is calculated based on 449,441,053 issued shares in the Company.