notice-of-a-change-in-the-percentage-level-of-a-substantial-shareholders-interest-115

SGX Filings 12^th Apr, 2006

>> PART I

Date of notice to issuer *

12-04-2006

Name of Substantial Shareholder *

Russell AIF Asia II, L.P.

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder’s Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

Date of change of [Select Option]

Name of Registered Holder

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

[Select Option]

# Please specify details

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

No. of [Select Option] held before the change
As a percentage of issued share capital	%

No. of N.A. which are subject of this notice
As a percentage of issued share capital	%

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

No. of N.A. held after the change
As a percentage of issued share capital	%

>> PART III

Date of change of Interest

11-04-2006

The change in the percentage level

From 9.73 % To 7.67 %

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

# Others

# Please specify details

Disposal of 2.06% of interest in Olam by subsidiaries:
– 0.66% by Russell AIF Singapore Investments Limited
– 1.40% by Dragon Orient Holdings Limited

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 the disposal on 11 April 2006.

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	151,237,471
As a percentage of issued share capital	0 %	9.73 %
No. of shares held after the change	0	119,274,471
As a percentage of issued share capital	0 %	7.67 %