QUALITAS MEDICAL GROUP LIMITED: NOTICE OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	QUALITAS MEDICAL GROUP LIMITED
Company Registration No.	200717959H
Announcement submitted on behalf of	QUALITAS MEDICAL GROUP LIMITED
Announcement is submitted with respect to *	QUALITAS MEDICAL GROUP LIMITED
Announcement is submitted by *	Sharon Yeoh
Designation *	Company Secretary
Date & Time of Broacast	13-Apr-2011 22:48:18
Announcement No.	00211
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	12/04/2011
2. Name of Substantial Shareholder *	1) Healing Quest 2) Mulberry Asia Fund II L.P. 3) Southern Capital Partners II L.P. 4) Southern Capital Partners II Limited 5) Southern Capital Management Limited 6) Mr Tan Teong Hean
3. Please tick one or more appropriate box(es): *
- Notice of a New Substantial Shareholder's interest. [Please complete Part II and IV]

>> Part II
1. Date of change of Interest	12/04/2011
2. Name of Registered Holder	Qualitas Healthcare Holdings Limited ("Offeror" or QHH"), which holds and will hold its interest through its nominee, CIMB Securities (Singapore) Pte. Ltd.
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	The receipt of acceptances from 5 April 2011 to 5.00 p.m. (Singapore time) on 12 April 2011 tendered in acceptance of the voluntary conditional offer by QHH for all the ordinary shares ("Offer Shares") in the capital of Qualitas Medical Group Limited. The Offeror is a subsidiary of Healing Quest. Mulberry Asia Fund II L.P. holds all the voting shares in Healing Quest. Southern Capital Partners II L.P. is the general partner of Mulberry Asia Fund II L.P.. Southern Capital Partners II Limited is the general partner of Southern Capital Partners II L.P., and is a wholly-owned subsidiary of Southern Capital Management Limited. Mr Tan Teong Hean owns the entire issued share capital of Southern Capital Management Limited. Each of Healing Quest, Mulberry Asia Fund II L.P., Southern Capital Partners II L.P., Southern Capital Partners II Limited, Southern Capital Management Limited and Mr Tan Teong Hean is therefore deemed to have an interest in the Shares which are the subject of this notification pursuant to Section 7 of the Companies Act, Chapter 50 of Singapore.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	0
As a percentage of issued share capital	0 %
No. of Shares which are subject of this notice	116,589,194
As a percentage of issued share capital	82.36 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0.35
No. of Shares held after the change	116,589,194
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 Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	0
As a percentage of issued share capital	0 %	0 %
No. of shares held after the change	0	116,589,194
As a percentage of issued share capital	0 %	82.36 %

Footnotes

i) The percentage of issued share capital is calculated based on 141,559,396 issued shares in the Company. ii) Additional notes to the amount of consideration under Part II item (4) above:- Amount of consideration (excluding brokerage and stamp duties) per share paid or received : S$0.35 for each Offer Share and/or new ordinary shares in the capital of the Offeror ("New Offeror Shares") at the issue price of S$0.35 for each New Offeror Share. iii) This announcement and its contents have been reviewed by the Company's sponsor, United Overseas Bank Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been approved or examined by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr. Khong Choun Mun, Managing Director, Corporate Finance, at 80 Raffles Place, #03-03, UOB Plaza 1, Singapore 048624, telephone [phone].