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| Part I | |||||||||||||||||
| 1. | Date of notice to issuer | 27/09/2012 | |||||||||||||||
| 2. | Name of Substantial Shareholder | Robert William Livingston | |||||||||||||||
| 3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. |
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| Part II - Not Required | |||||||||||||||||
| Part III | |||||||||||||||||
| 1. | Date of change of Deemed Interest | 25/09/2012 | |||||||||||||||
| 2. | The change in the percentage level | From 28.54 % To 23.78 % | |||||||||||||||
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others Allotment of 19,223,250 shares via a placement agreement with two new shareholders. Robert William Livingston is a director of Merlion, LP and deemed to have interest in the 26,250,000 shares held by Merlion, LP by virtue of him holding 100% of its voting shares with his wife, Mary Isabella Livingston. |
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| 4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: | One transaction | |||||||||||||||
| Part IV | |||||||||||||||||
| 1. | Holdings of Substantial Shareholder, including direct and deemed interest : | ||||||||||||||||
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