Hi-P International : Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest

Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest

Name of Announcer

HI-P INTERNATIONAL LIMITED

Company Registration No.

198004817H

Announcement submitted on behalf of

HI-P INTERNATIONAL LIMITED Announcement is submitted with respect to HI-P INTERNATIONAL LIMITED Announcement is submitted by

Yao Hsiao Tung

Designation

Executive Chairman and Chief Executive Officer

Date & Time of Broadcast

13-July-2011 17:58:31

Announcement No.

00080

Announcement Details

PART I1. Date of notice to issuer

24-05-2011

2. Name of Director

Wong Huey Fang

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 II1. Date of change of Interest

23-05-2011

2. Name of Registered Holder

Wong Huey Fang

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

Others

Please specify details

Acceptance of share options pursuant to Hi-P Employee Share Option Scheme

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

No. of Options held before the change

651,000

As a percentage of issued share capital

0.08 %

No. of Options which are subject of this notice

326,000

As a percentage of issued share capital

0.04 %

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

0

No. of Options held after the change

977,000

As a percentage of issued share capital

0.12 %

PART III1. 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]

4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:PART IV1. Holdings of Director , including direct and deemed interest :Direct DeemedNo. of shares held before the change 1,351,000 651,000As a percentage of issued share capital 0.1631 % 0.08 %No. of shares held after the change 1,351,000 977,000As a percentage of issued share capital 0.1631 % 0.12 %Footnotes:

(a) The percentages are computed based on the Company’s total issued shares of 828,497,000 shares (excluding treasury shares of 58,678,000 shares) as of the date of this notification.

(b) The deemed interest arise by virtue of the share options held by Madam Wong Huey Fang. (c) As Mr Yao Hsiao Tung, spouse of Madam Wong Huey Fang, is himself a director of the

Company, Madam Wong is not deemed to have interest in the shares held by Mr Yao by

virtue of Section 164(15) of the Companies Act (Cap. 50) of Singapore.

(d) This announcement is a clarification of the deemed interest of Madam Wong Huey Fang set out in the announcement no. 00084 released on 24 May 2011.