Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest


BackOct 24, 2012
Part I
1. Date of notice to issuer 23/10/2012
2. Name of Substantial Shareholder TEMASEK HOLDINGS (PRIVATE) LIMITED
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 19/10/2012
2. The change in the percentage level From 27.29 % To 28.03 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

There were a series of transactions by Fullerton Fund Management Company Ltd. ("FFMC") as investment manager which increased the aggregate interest in Dyna-Mac shares ("Shares") held by FFMC and KS Investments Pte Ltd ("KSIPL") to 28.03%.

KSIPL is a wholly owned subsidiary of Keppel Offshore & Marine Limited which is a wholly owned subsidiary of Keppel Corporation Limited ("KCL"). KCL is an associated company of Temasek.

FFMC is an indirect wholly owned subsidiary of Temasek.

By virtue of section 7(4A) of the Companies Act, Temasek is deemed to have an interest in the Shares in which KCL and FFMC have an interest.

Accordingly, as of 19 October 2012, Temasek has a deemed interest in 260,767,000 Shares (28.03%) being the 10,767,000 Shares in which FFMC as investment manager has a deemed interest and the 250,000,000 Shares held by KSIPL.

Temasek has no direct interest in the Shares.

Temasek became aware of the change in the percentage level of its deemed interest in the Shares on 22 October 2012.
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 0 253,880,000
As a percentage of issued share capital 0 % 27.29 %
No. of shares held after the change 0 260,767,000
As a percentage of issued share capital 0 % 28.03 %
Footnotes 1. The number of shares held before the change represents Temasek's interest in the Shares as at 17 August 2012 which was disclosed in the Notice of Substantial Shareholder's Interest dated 22 August 2012.

2. The percentage interest is calculated on the basis of 930,192,000 Shares.