NOTICE OF INTEREST/CHANGES IN INTEREST

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Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest *

* Asterisks denote mandatory information

Name of Announcer * ARA ASSET MANAGEMENT LIMITED
Company Registration No. 32276
Announcement submitted on behalf of ARA ASSET MANAGEMENT LIMITED
Announcement is submitted with respect to *
ARA ASSET MANAGEMENT LIMITED
Announcement is submitted by * Lim Hwee Chiang
Designation * Director
Date & Time of Broadcast 13-Jan-2012 17:54:17
Announcement No. 00068

>> Announcement Details

The details of the announcement start here ...

>> PART I [Please complete this part]

1. Date of notice to issuer * 13-01-2012
2. Name of Director * Lim Hwee Chiang
3. Please tick one or more appropriate box(es): *

z Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> PART II

1. Date of change of Interest 13-01-2012
2. Name of Registered Holder Lim Hwee Chiang
3. Circumstance(s) giving rise to the interest or change in interest
# Others
# Please specify details Married Deal - Sale of 1,320,000 shares to Ng Beng Tiong, Chief Executive
Officer of ARA Private Funds, at a market price of S$1.25 per share.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change 5,971,660
As a percentage of issued share capital 0.78 %
No. of Shares which are subject of this notice
1,320,000
As a percentage of issued share capital 0.17 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
1.25
No. of Shares held after the change 4,651,660
As a percentage of issued share capital 0.61 %

>> 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 [Select Option]

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13 Jan 12

NOTICE OF INTEREST/CHANGES IN INTEREST

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or change in interest
# 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 Director , including direct and deemed interest :

Direct Deemed

No. of shares held before the change 5,971,660 281,127,440
As a percentage of issued share capital 0.78 % 36.59 %
No. of shares held after the change 4,651,660 281,127,440
As a percentage of issued share capital 0.61 % 36.59 %
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13 Jan 12

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Notice of a Director’s Interest and Change in interest – Mr. Lim Hwee Chiang