SGX Announcement

OSIM INTERNATIONAL LTD
Tuesday, 31st March 2009

>> PART I

1. Date of notice to issuer * 27-03-2009

2. Name of Substantial Shareholder * RS Assests Ltd

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

1. Date of change of [Select Option]

2. Name of Registered Holder

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

4. 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

1. Date of change of Shareholding 25-03-2009

2. The change in the percentage level From 28.82 % To 23.58 %

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

# Please specify details

Rights Issue of new shares by OSIM International Ltd

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

The change was the result of an increase in the total number of issued shares by OSIM International Ltd

>> PART IV

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

	Direct	Deemed
No. of shares held before the change	156,158,610	0
As a percentage of issued share capital	28.82 %	0 %
No. of shares held after the change	156,158,610	0
As a percentage of issued share capital	23.58 %	0 %

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