Indofood Agri Resources Ltd

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News

Notice of a Change In The Percentage Level Of A Substantial Shareholder's Interest

BackFeb 14, 2007

>> PART I

1. Date of notice to issuer * 14-02-2007

2. Name of Substantial Shareholder * FIRST PACIFIC COMPANY LIMITED ("FPCL")

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 13-02-2007

2. The change in the percentage level From 0 % To 0.37 %

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

Indofood Agri Resources Ltd. ("the Company") allotted and issued 5,070,000 Shares under the Placement to FPCL for the purposes of the FP Distribution-in-specie (as defined in the Company's circular to its shareholders dated 11 December 2006).

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 the transactions as described above.

>> PART IV

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

	Direct	Deemed
No. of shares held before the change	0	998200000
As a percentage of issued share capital	0 %	98.67 %
No. of shares held after the change	5070000	998200000
As a percentage of issued share capital	0.37 %	73.96 %

Footnotes

(1) Following the consolidation of every ten ordinary shares in the capital of the Company into one Share on 9 February 2007, the 9,982,000,000 ordinary shares owned by ISHPL have been consolidated into 998,200,000 Shares.

(2) FPCL's deemed shareholding interest of 98.67% was computed based on 1,011,700,000 issued Shares in the capital of the Company as at 12 February 2007 and rounded to 2 decimal places.

(3) FPCL's direct and deemed shareholding interest of 0.37% and 73.96% respectively, were computed based on 1,349,700,000 issued Shares in the capital of the Company as at 13 February 2007 and rounded to 2 decimal places.

(4) Please also refer to the notice dated 14 February 2007 in relation to the decrease in FPCL's deemed shareholding interest in the Company.

(5) CIMB-GK Securities Pte. Ltd. acted as the financial adviser to the Company in relation to the acquisition of the entire issued share capital of Indofood Oil & Ftas Pte. Ltd.