NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

* Asterisks denote mandatory information

Name of Announcer *
SUNSHINE HOLDINGS LIMITED
Company Registration No.
CT-140095
Announcement submitted on behalf of
SUNSHINE HOLDINGS LIMITED
Announcement is submitted with respect to *
SUNSHINE HOLDINGS LIMITED
Announcement is submitted by *
Foo Soon Soo
Designation *
Company Secretary
Date & Time of Broadcast
09-Nov-2007 18:00:42
Announcement No.
00144

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
PART I
1. Date of notice to issuer *
07/11/2007
2. Name of Substantial Shareholder *
Deutsche Bank AG
3. Please tick one or more appropriate box(es): *
PART II
1. Date of change of
Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of held before the change
As a percentage of issued share capital
No. of 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
1. Date of change of Interest
05/11/2007
2. The change in the percentage level
from 0.00 % to 3.00 %
3. Circumstance(s) giving rise to the interest or change in interest
# Others
# Please specify details
A share transfer to Deutsche Bank AG, London Branch ("DB") pursuant to an agreement with Deutsche Bank AG, London Branch and United Overseas Bank Limited Labuan Branch ("UOB") (collectively known as the "Lenders") whereby the Lenders shall provide the company and its direct subsidiary, Elegant Jade Enterprises Limited ("Elegant Jade") with a 3-year term loan amounting to US$120 million (the "Loan") as announced on 6th November 2007.
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 change080,196,000
As a percentage of issued share capital09.64
No. of shares held after the change24,960,00080,196,000
As a percentage of issued share capital3.009.64
Footnotes
The total issued share capital was 832,000,000 ordinary shares as at 5 November 2007.

The initial public offering of the Company was sponsored by UOB Asia Limited.
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