GALLANT VENTURE LTD.
Tuesday, 25th August 2009

SubmittedWrtGALLANT VENTURE LTD.
Announcement_TitleNOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING
BroadcastDate24-Aug-2009
BroadcastTime18:04:46


StockCode5IG
Ref_No00112
AnnouncedByGALLANT VENTURE LTD.
SG_ComRegNo200303179Z
SubmittedForGALLANT VENTURE LTD.
SubmittedWrtGALLANT VENTURE LTD.
AnnouncerNameChoo Kok Kiong
DesignationCompany Secretary
BroadcastDate24-Aug-2009
BroadcastTime18:04:46
PriceSensitivityYes
ContactNo6389-3532
SubmissionDate24/08/2009
SubmissionTime6:04:16 PM
Announcement_Details
PartI
DateOfNotice_PartI24/08/2009
Shareholder_Type_PartISubstantial Shareholder
ShareholderName_PartIPT Herwido Rintis ("PT HR")
NoticeOption_PartIOPTION3
PartII
Shareholding_Type_partII-
DateOfChange_partII-
HolderName_partII-
Transaction_Type_partII-
TextAns_details_partII-
InstrumentType_partII-
NumberBeforeChange_partII-
PercentBeforeChange_PartII-
Instrument_Type_partII-
NumberSubject_PartII-
PercentSubject_PartII-
AmtConsideration_PartII-
Instrument_Type_PartII-
NumberAfterChange_PartII-
PercentageAfterChange_PartII-
PartIII
Shareholding_Type_PartIIIInterest
DateOfChange_PartIII20/08/2009
PercentFrom_PartIII21.02
PercentTo_PartIII0
Transaction_Type_PartIII# Others
TextAns_Details_PartIIIRestructuring involving companies in the Salim group, pursuant to which PT HR shall cease or has ceased to hold shares of the Company.
TextAns_Statement_PartIIIThe change in the percentage level is the result of a transaction.
PartIV
Shareholder_Type_PartIVSubstantial Shareholder
NumberBefore_Direct507,011,738
NumberBefore_Deemed0
PercentBefore_Direct21.02
PercentBefore_Deemed0
NumberAfter_Direct0
NumberAfter_Deemed0
PercentAfter_Direct0
PercentAfter_Deemed0
TextAns_FootnotePercentage is computed based on the Company''s total issued capital of 2,412,482,556 shares as at 24 August 2009 and rounded to 2 decimal places.



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