ANNAIK LIMITED: 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 *	ANNAIK LIMITED
Company Registration No.	197702066M
Announcement submitted on behalf of	ANNAIK LIMITED
Announcement is submitted with respect to *	ANNAIK LIMITED
Announcement is submitted by *	Ng Kim Keang
Designation *	Finance Director
Date & Time of Broacast	17-Mar-2008 17:17:13
Announcement No.	00052
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	14/03/2008
2. Name of Director *	Ow Chin Seng
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	14/03/2008
2. Name of Registered Holder	Ow Chin Seng
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	64,500,358
As a percentage of issued share capital	26.36 %
No. of Shares which are subject of this notice	1,200,000
As a percentage of issued share capital	0.48 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0.20
No. of Shares held after the change	65,700,358
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	64,500,358	7,674,924
As a percentage of issued share capital	26.36 %	3.14 %
No. of shares held after the change	65,700,358	8,274,924
As a percentage of issued share capital	26.46 %	3.33 %

Footnotes

i) Percentage of issued share capital for shares held before the change is based on 244,668,000 ordinary shares before the exercise of 3,609,000 share options. ii) Percentage of issued share capital for shares held after the change is based on 248,277,000 ordinary shares following the exercise of 3,609,000 share options. No. of outstanding options - 1,560,000