Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackSep 15, 2010
Part I
1. Date of notice to issuer 14/09/2010
2. Name of Substantial Shareholder Global Invacom Limited ("GIL")
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 13/09/2010
2. The change in the percentage level From 55.96 % To 56.01 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

GIL received valid acceptances for the mandatory unconditional cash offer for all the issued and fully paid-up ordinary shares in the capital of Radiance Group Limited ("RGL") ("Shares") other than those already owned, controlled or agreed to be acquired by GIL and parties acting in concert with it (the "Offer") thereby increasing its shareholding in RGL.

112,703 Shares were tendered in acceptance of the Offer on 13 September 2010, increasing GIL's direct and deemed interest in the total issued share capital of RGL from 55.96% to 56.01%.
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 the percentage level is the result of 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 138,393,590 9,217,400
As a percentage of issued share capital 52.47 % 3.49 %
No. of shares held after the change 138,493,190 9,232,003
As a percentage of issued share capital 52.51 % 3.50 %
Footnotes 1. In this notification, for the purpose of computation of the percentage shareholdings, the total number of Shares is 263,771,400 as disclosed in the circular to the shareholders of RGL dated 27 August 2010.

2. Percentage figures are rounded to the nearest two decimal places and any discrepancy between the percentages is due to rounding.

3. By virtue of the Companies Act, Chapter 50 of Singapore, GIL is deemed to have an interest in the Shares tendered in acceptance of the Offer pending settlement of the consideration due in respect of such Shares and the transfer of the same Shares to GIL.

4. The changes reflected above include the settlement of 99,600 Shares, representing approximately 0.04% of the issued share capital of RGL, into GIL's account with the Central Depository (Pte) Limited. The 99,600 Shares are Shares that were validly tendered in acceptance of the Offer between 30 August 210 and 5:30 p.m. on 3 September 2010, wherein GIL's deemed interest in such Shares became a direct interest.