| Part I |
| 1. |
Date of notice to issuer |
27/09/2012 |
| 2. |
Name of Substantial Shareholder |
IFG International Trust Company Limited as trustee of a discretionary trust |
| 3. |
Notice Type |
Notice of a New Substantial Shareholder's interest.
|
| Part II |
| 1. |
Date of change of Shareholding |
25/09/2012 |
| 2. |
Name of Registered Holder |
Exa Limited |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Allotment of 17,185,585 shares acquired via a Placement Agreement. IFG International Trust Company Limited as trustee of a discretionary trust is deemed interested in the shares of Grand Banks Yachts Limited held by Exa Limited |
| 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 |
17,185,585 |
| As a percentage of issued share capital |
14.90 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0.2725 |
| No. of Shares held after the change |
17,185,585 |
| As a percentage of issued share capital |
14.9 % |
|
| Part III - Not Required |
| 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 |
17,185,585 |
| As a percentage of issued share capital |
0 % |
14.90 % |
|
