Notice Of Cessation Of Substantial Shareholding

BackMar 11, 2009
Part I
1. Date of notice to issuer 06/03/2009
2. Name of Substantial Shareholder PLE Investments Pte Ltd ("PLEI')
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 22/09/2008
2. The change in the percentage level From 5.129 % To 4.966 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Allotments of an aggregate of 45,974,233 new ordinary shares by mDR to Value Capital Asset Management ("VCAM") on 4 August 2008, 25 August 2008 and 22 September 2008 as announced by mDR ("VCAM Share Allotment"), which resulted in an increase in the total number of mDR ordinary shares ("mDR shares") from 1,738,753,519 mDR shares as at 30 June 2008 (based on mDR's 1st half 2008 Financial Statements) to 1,784,727,752 mDR shares as at 22 September 2008.

Although the total number of 89,172,338 mDR shares held by PLEI remained unchanged, the VCAM Share Allotment resulted in a decrease in PLEI's percentage shareholdings in mDR from 5.129% as at 30 June 2008 to 4.996% as at 22 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 percentage level is a result of a series of allotments of a total of 45,974,233 new mDR shares by mDR to VCAM on 4 August 2008, 25 August 2008 and 22 September 2008. PLEI have no direct or indirect interest in the VCAM Share Allotment.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 89,172,338 0
As a percentage of issued share capital 5.129 % 0 %
No. of shares held after the change 89,172,338 0
As a percentage of issued share capital 4.996 % 0 %