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As at 9 March 2016
Extracted from Annual Report 2015


Shareholdings Held in Hands of Public

Based on information available to the Company as at 9 March 2016, approximately 41.04% of the issued ordinary shares of the Company is held by the public and therefore, Rule 723 of the Listing Manual issued by Singapore Exchange Securities Trading Limited is complied with.

*The percentage of shareholdings was computed based on the issued share capital of the Company as at 9 March 2016 of 349,216,973 shares (which excludes 1,583,100 shares which are held as treasury shares representing approximately 0.45% of the total number of issued shares excluding treasury shares).

*The percentage of issued ordinary shares is calculated based on the number 349,216,973 of issued ordinary shares of the company as at 9 March 2016 (excluding 1,583,100 treasury shares).

  1. FIL Limited notified the Company that Pandanus Partners L.P. is deemed interested in the shares held by FIL Limited
  2. Ehud Harel is deemed a shareholder of the Company by virtue of his indirect ownership through Hargem, Ltd. of 25,608,848 shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians and, by virtue of his indirect ownership of 187,500 shares held on his behalf by Eyal Khayat, Option Plan 2005 trustee, through UOB Kay Hian Pte. Ltd.,pursuant to the Plan.
  3. Hanoh Stark is deemed a shareholder of the Company by virtue of his indirect ownership through Stark & Co., Ltd. of 24,590,524 shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians.

* After 1 January, 2015 Sarin Research and Development Ltd. and Interhightech (1982) Ltd., substantial shareholders of the Company till such date, transferred all their holdings in the Company to their respective shareholders, including the aforementioned directors. Following such transfer neither Sarin Research and Development Ltd., nor Interhightech (1982) Ltd. hold any shares in the Company, and therefore, the deemed shareholdings of the aforementioned directors were reduced/increased accordingly, however no change in their beneficial holdings was effected. Please refer to the Company announcement of 19 January, 2015 in this regard for further information regarding the divestment of Sarin Research and Development Ltd. and Interhightech (1982) Ltd. of their shares as noted.