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Notice Of A Substantial Shareholder's Interest

BackJan 17, 2008

Notice of a Substantial Shareholder's Interest *

* Asterisks denote mandatory information

Name of Announcer *	OLD CHANG KEE LTD.
Company Registration No.	200416190W
Announcement submitted on behalf of	OLD CHANG KEE LTD.
Announcement is submitted with respect to *	OLD CHANG KEE LTD.
Announcement is submitted by *	CHEW MEI LI
Designation *	COMPANY SECRETARY
Date & Time of Broadcast	17-Jan-2008 17:37:14
Announcement No.	00054

>> Announcement Details

The details of the announcement start here ...

>> PART I

1. Date of notice to issuer * 17-01-2008

2. Name of Substantial Shareholder * Novena Holdings Limited

3.	Please tick one or more appropriate box(es): *
	Notice of a New Substantial Shareholder's interest. [Please complete Part II and IV]

>> PART II

1. Date of change of Interest 15-01-2008

2. Name of Registered Holder Novena Holdings Limited

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

Allotment of placement shares in relation to the Initial Public Offering ("IPO") of Old Chang Kee Ltd. ("Old Chang Kee").

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	10,300,000
As a percentage of issued share capital	11.03 %

Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.20

No. of Shares held after the change	10,300,000
As a percentage of issued share capital	11.03 %

>> PART III

1. Date of change of [Select Option]

2. The change in the percentage level From % To %

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

>> 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	10,300,000	0
As a percentage of issued share capital	11.03 %	0 %

Footnotes

(1) The percentage of shares held is calculated based on 93,400,000 issued shares after the IPO of Old Chang Kee.

(2) The Initial Public Offering of shares in the capital of Old Chang Kee Ltd. was sponsored by Westcomb Capital Pte Ltd. Westcomb Capital Pte Ltd assumes no responsibility for the contents of this announcement.