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Notice Of A Substantial Shareholder's Interest

BackOct 04, 2005
>> PART I
 
1. Date of notice to issuer * 21-09-2005  
 
2. Name of Substantial Shareholder * Templeton International, Inc ("TII") a wholly-owned subsidiary of Templeton Worldwide, Inc., which is a wholly-owned subsidiary of Franklin Resources, Inc. 
 
3. Please tick one or more appropriate box(es): *
 
  • Notice of a New Substantial Shareholder's interest. [Please complete Part II and IV]
    •  
     
    >> PART II
     
    1. Date of change of Deemed Interest 21-09-2005  
     
    2. Name of Registered Holder Citibank N.A., DBS Bank Ltd., Hongkong & Shanghai Banking Corp. Ltd., Singapore, Standard Chartered Bank, United Overseas Bank  
     
    3. Circumstance(s) giving rise to the interest or change in interest # Others  
      # Please specify details
    TII is deemed to have an interest in 16,097,000 shares (the "Shares") in Venture Corporation Limited which are held by its indirect wholly owned subsidiaries, Franklin Templeton Investments (Asia) Limited ("FTIA"), Franklin Templeton Investment Management Limited ("FTIML"), and Templeton Global Advisors Limited ("TGAL"), on behalf of their clients.

    The Shares represent shares held by discretionary managed accounts where FTIA, FTIML or TGAL is the investment adviser or sub-adviser. FTIA, FTIML and TGAL's interests arise because they have the right to vote the clients' shares in their discretion.

    Based upon past advice from counsel regarding reporting requirements under the Companies Act and the Securities and Futures Act, it was TII's understanding that the various investment advisers and sub-advisers within TII were not required to aggregate the shares held in or by individual advisory accounts and funds for the purposes of making the required notifications in respect of substantial shareholdings. Since the shareholdings of each individual advisory account and fund did not constitute 5% or more of the shares of a Singapore company, TII and its various investment advisers and sub-advisers did not file notices of Substantial Shareholder's Interests.

    It was recently brought to TII's attention that the reporting requirements under the Companies Act and the Securities and Futures Act may require aggregation of shareholdings. Based upon this information, New Singapore counsel was appointed to review and analyze the reporting requirements. New counsel has advised that, pursuant to the provisions of Sections 7(4) and 7(4A) of the Companies Act, shareholdings should be aggregated among TII's affiliated investment advisers and sub-advisers for the purpose of substantial shareholding reports. Upon receipt of this new advice and after considerable consultation with new Singapore counsel, TII commenced preparation of notices of Substantial Shareholder's Interests.

    Please refer to Appendix A for a breakdown of the Shares held.  
     
    4. Information relating to shares held in the name of the Registered Holder
     
    No. of Shares held before the change 0  
    As a percentage of issued share capital 0 %
     
    No. of Shares which are subject of this notice 16,097,000  
    As a percentage of issued share capital 5.98 %
     
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received 240,205,270.10  
     
    No. of Shares held after the change 16,097,000  
    As a percentage of issued share capital 5.98 %
     
     
    >> PART III
     
    1. 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]  
      # Please specify details
       
     
    4. 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 Substantial Shareholder , including direct and deemed interest :
     
    Direct
    Deemed
    No. of shares held before the change 0   0  
    As a percentage of issued share capital 0 % 0 %
    No. of shares held after the change 0   16,097,000  
    As a percentage of issued share capital 0 % 5.98 %
     
    Footnotes
    The percentage of issued share capital is based on 269,193,577 shares as at 21 September 2005.  

    Attachments

    1. TII_App_A.pdf (Size: 7,971 bytes)

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