notice-of-a-directors-including-a-director-who-is-a-substantial-shareholder-interest-and-change-in-interest-66

Notice Of A Director’s (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

SGX Filings 17^th Nov, 2005

>> PART I

Date of notice to issuer *

18-11-2005

Name of Director *

Shekhar Anantharaman

3.	Please tick one or more appropriate box(es): *
	Notice of a Director’s (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> PART II

Date of change of Shareholding

18-11-2005

Name of Registered Holder

Raffles Nominees Pte Ltd

Circumstance(s) giving rise to the interest or change in interest

Sales in Open Market at Own Discretion

# Please specify details

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	1,981,236
As a percentage of issued share capital	0.13 %

No. of Shares which are subject of this notice	400,000
As a percentage of issued share capital	0.03 %

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

1.43

No. of Shares held after the change	1,581,236
As a percentage of issued share capital	0.10 %

>> PART III

Date of change of [Select Option]

The change in the percentage level

From % To %

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 Director , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	141,482,932	4,227,536
As a percentage of issued share capital	9.10 %	0.27 %
No. of shares held after the change	141,482,932	3,827,536
As a percentage of issued share capital	9.10 %	0.25 %

Footnotes

The 141,482,932 shares as shown in Part IV above are registered under names of Sridhar Krishnan, Shekhar Anantharaman and Joydeep Bose, and held in trust for the management (including the directors) and employees of the Group pursuant to the Olam International Limited Employee Share Benefit Scheme (the “ESBS”) and Olam International Limited Employee Share Subscription Scheme 2004 (the “ESSS”).

Shekhar Anantharaman had beneficial interest in 8,157,950 shares under the ESBS and 4,227,536 under the ESSS before the sale of the 400,000 shares (the “Sale”). The net proceeds from the Sale is intended to set off outstanding loans, including loan under ESSS.