LEE METAL GROUP LTD: NOTICE OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	LEE METAL GROUP LTD
Company Registration No.	198205439C
Announcement submitted on behalf of	LEE METAL GROUP LTD
Announcement is submitted with respect to *	LEE METAL GROUP LTD
Announcement is submitted by *	FOO SOON SOO
Designation *	COMPANY SECRETARY
Date & Time of Broacast	08-Oct-2008 12:42:43
Announcement No.	00024
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	30/09/2008
2. Name of Substantial Shareholder *	LEE GUN SIANG
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	12/09/2008
2. The change in the percentage level	From 0 % to 1.15 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Rights Issue of Warrants Allotment of his entitlement of 4,554,991 warrants pursuant to the Rights Issue of 79,200,000 warrants of Lee Metal Group Ltd in September 2008.
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 of interest in warrants follows the allotment of the warrants as detailed above.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	22,774,955	0
As a percentage of issued share capital	5.75 %	0 %
No. of shares held after the change	22,774,955	0
As a percentage of issued share capital	5.75 %	0 %

Footnotes

The number of shares held after the change remains unchanged at 22,774,955 (5.75%). The change in interest only relates to the increase in warrants, which have not been exercised as at the date of this announcement. The percentage of issued share capital in Part III(2) is computed based on the issued share capital of 396 million shares as at 30 September 2008.