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

* Asterisks denote mandatory information

"DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."

Name of Announcer *	HERSING CORPORATION LTD
Company Registration No.	199706986E
Announcement submitted on behalf of	HERSING CORPORATION LTD
Announcement is submitted with respect to *	HERSING CORPORATION LTD
Announcement is submitted by *	Chng Lay Har
Designation *	Director
Date & Time of Broadcast	26-Mar-2010 17:21:22
Announcement No.	00087

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

>> PART I

1.

Date of notice to issuer *

26-03-2010

2.

Name of Substantial Shareholder *

Khoo Chin Wah

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 Interest

25-03-2010

2.

The change in the percentage level

From 6.88 % To 6.88 %

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	Transfer to Hong Leong Finance Nominees Pte Ltd

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 transaction.

>> PART IV

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

	Direct	Deemed
No. of shares held before the change	20,208,000	19,600,000
As a percentage of issued share capital	3.49 %	3.39 %
No. of shares held after the change	12,608,000	27,200,000
As a percentage of issued share capital	2.18 %	4.70 %

Footnotes

Breakdown of deemed interest as follows: 16,000,000 - Hong Leong Finance Nominees Pte Ltd 5,600,000 - Mayban Nominees (S) Pte Ltd 5,600,000 - SBS Nominees Pte Ltd The percentage of issued share capital for number of shares held is based on share capital of 578,475,216 issued shares (excluding treasury shares) as at 25 March 2010.

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