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30 Jul 09 - Notice Change in the Percentage Level of a Substantial Shareholder's Interest

Notice Change in the Percentage Level of a Substantial Shareholder's Interest

Notice of Cessation of Substantial Shareholding *

* Asterisks denote mandatory information

Name of Announcer *	EU YAN SANG INTERNATIONAL LTD
Company Registration No.	199302179H
Announcement submitted on behalf of	EU YAN SANG INTERNATIONAL LTD
Announcement is submitted with respect to *	EU YAN SANG INTERNATIONAL LTD
Announcement is submitted by *	Danny Heng Hang Siong
Designation *	Chief Financial Officer & Company Secretary
Date & Time of Broadcast	30-Jul-2009 17:06:02
Announcement No.	00051

Announcement Details

PART I

Date of notice to issuer *	29-07-2009
Name of Substantial Shareholder *	Arisaig ASEAN Fund Limited ("ASEAN Fund"); Arisaig Asia Fund Limited ("Asia Fund"); Arisaig Partners (BVI) Limited ("AP BVI"); Arisaig Partners (Holdings) Ltd ("AP Holdings"); Skye Partners Limited("SPL"); Perivoli Trust ("PT"); Lindsay Cooper ("LC") and Sannox Trust("ST").

PART II

Date of change of Interest	28-07-09
The change in the percentage level	From 6.53% To 0%
Circumstance(s) giving rise to the interest or change in interest	Married Deal
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	A transaction

PART III

Holdings of Substantial Shareholder, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	23,521,500	23,521,500
As a percentage of issued share capital	6.53%	6.53 %
No. of shares held after the change	0	0
As a percentage of issued share capital	0%	0%

1. The percentage of issued share capital is based on 360,435,188 shares as at 28 July 2009.

2. Direct Interest in Part IV above, refers to shares held directly by ASEAN Fund.

3. Deemed Interest in Part IV above, refers to shares in which the following are deemed to have an interest:

(a) Asia Fund;
(b) AP BVI;
(c) AP Holdings;
(d) SPL; and
(e) PT, LC & ST.

Asia Fund, who has a controlling interest in ASEAN Fund and is entitled to exercise not less than 20% of the votes attached to the voting shares in ASEAN Fund, is therefore deemed interested in all the shares held by ASEAN Fund in Eu Yan Sang International Ltd (the "Company").

AP BVI, being the fund manager of ASEAN Fund and Asia Fund, is deemed to be interested in the shares of the Company held by ASEAN Fund.

AP Holdings has a controlling interest in AP BVI, and is therefore deemed interested in all the shares of the Company in which AP BVI is deemed interested in.

SPL has a controlling interest in AP Holdings, which in turn has a controlling interest in AP BVI, and SPL is therefore deemed interested in all the shares of the Company in which AP Holdings is deemed interested in.

PT, LC & ST each has 33.33% interest in SPL, and each is therefore deemed interested in all the shares of the Company in which SPL is deemed interested in.

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