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

BackSep 13, 2010
Part I
1. Date of notice to issuer 09/09/2010
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 08/09/2010
2. The change in the percentage level From 52.52 % To 55.96 %
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.

9,076,200 Shares were tendered in acceptance of the Offer on 8 September 2010, increasing GIL's direct and deemed interest in the total issued share capital of RGL from 52.52% to 55.96%.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change is a 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 138,393,590 141,200
As a percentage of issued share capital 52.47 % 0.05 %
No. of shares held after the change 138,393,590 9,217,400
As a percentage of issued share capital 52.47 % 3.49 %
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 precentages 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.