Forward Looking Statements Certain statements in this release, including statements that SGX-ST may suspend trading of the Company's securities, are forward-looking statements that involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual events to differ from our expectations include, but are not limited to, actions that may be taken by the Company or third parties in connection with or in response to STSPL's pending tender offer for the Company's Ordinary Shares and ADSs; general business and economic conditions and the state of the semiconductor industry; level of competition; demand for end-use applications products such as communications equipment and personal computers; decisions by customers to discontinue outsourcing of test and packaging services; reliance on a small group of principal customers; continued success in technological innovations; availability of financing; pricing pressures including declines in average selling prices; our substantial level of indebtedness; potential impairment charges; adverse tax and other financial consequences if the South Korean taxing authorities do not agree with our interpretation of the applicable tax laws; ability to develop and protect our intellectual property; rescheduling or canceling of customer orders; changes in products mix; intellectual property rights disputes and litigation; capacity utilization; delays in acquiring or installing new equipment; limitations imposed by our financing arrangements which may limit our ability to maintain and grow our business; changes in customer order patterns; shortages in supply of key components; disruption of our operations; loss of key management or other personnel; defects or malfunctions in our testing equipment or packages; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; significant ownership by Temasek Holdings that may result in conflicting interests between Temasek Holdings and our affiliates; unsuccessful acquisitions and investments in other companies and businesses; our ability to continue to successfully integrate the operations of the former separate STATS and ChipPAC companies and their employees; labor union problems in South Korea; uncertainties of conducting business in China; natural calamities and disasters, including outbreaks of epidemics and communicable diseases; and other risks described from time to time in the Company's SEC filings, including its annual report on Form 20-F dated March 12, 2007. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To: Singapore Exchange Securities Trading Limited
2 Shenton Way #19-00
SGX Centre 1
Singapore 068804
Attn: Head of Market Control
Fax no: (65) 6438 4306
To: STATS ChipPAC Ltd
10 Ang Mo Kio Street 65
#05-17/20 Techpoint
Singapore 569059
Attn: Company Secretary (Sharon Lam)
Fax no: (65) 6720 7823
Dear Sir/Mdm,
Notice of Substantial Shareholder's Interests
1. In accordance with Section 137 of the Securities and Futures Act,
Chapter 289 and Section 84 of the Companies Act, Chapter 50, we
hereby notify you that we have ceased to be a substantial
shareholder of the company identified below which is listed on
SGX-ST ("listed company") and the particulars of our interest(s)
in the shareholdings of the listed company are as follows:
PART I
1. Date of notice to listed company: 25 April 2007
2. Name of Substantial Shareholder: OZ Management LLC (see Note 3 below)
3. Name of listed company: STATS ChipPAC Ltd ("STATS")
4. Please tick one or more appropriate box(es):
[ ] a New Substantial Shareholder's Interest.
[Please complete Parts II and IV]
[X] a Change in the Percentage Level of a Substantial Shareholder's
Interest or Cessation of Interest.
[Please complete Parts III and IV]
PART II
1. Date of change of interest: N.A.
2. Name of Registered Holders1: N.A.
3. Circumstance(s) giving rise to the interest or N.A.
change in interest:
4. (2)Information relating to shares held in the name of N.A.
the Registered Holders:
---------------------------------------------------------------------------
No. of shares held before the change: N.A.
As a percentage of issued share capital: N.A.
No. of shares which are the subject of this notice: N.A.
As a percentage of issued share capital: N.A.
Amount of consideration (excluding brokerage and N.A.
stamp duties) per share paid:
No. of shares after the change: N.A.
As a percentage of issued share capital: N.A.
---------------------------------------------------------------------------
PART III
1. Date of change of interest: 23 April 2007
2. The change in the percentage level: From 5.78% to 1.87%
(See Note 4 below)
3. Circumstance(s) giving rise Sale of an aggregate of
to the interest or change in interest: 79,023,690 ordinary shares
in the capital of STATS
("Shares") (some of which
are in the form of American
Depositary Shares of STATS
("ADSs")) by the Funds (as
defined in Note 3 below)
4. A statement whether the change in the percentage level is the result
of a transaction or a series of transactions.
The change in percentage level is the result of acceptance of the voluntary
conditional cash offer by Singapore Technologies Semiconductors Pte Ltd for
the Shares and ADSs.
PART IV
1. Holdings of Substantial Shareholder, including direct and deemed
interest:
---------------------------------------------------------------------------
Direct Deemed
No. of shares held before the change: 0 116,727,590 Shares (some
of which are held in the
form of ADSs)
As a percentage of issued share capital: 0% 5.78%
No. of shares held after the change: 0 37,703,900 Shares (some
of which are held in the
form of ADSs)
As a percentage of issued share capital: 0% 1.87%
---------------------------------------------------------------------------
2. Our contact details, should you have any queries regarding this Notice
and its contents are as
follows:
(a) Telephone number: (01) 212 790 0160
(b) Name of contact person: Joel Frank, Chief Financial Officer
(c) Address: OZ Management LLC
9W 57th Street
39th Floor
New York, NY 10019
United States of America
Yours faithfully,
By: Allen & Gledhill
On behalf of OZ Management LLC
"Allen & Gledhill"
Name: Loh Kai Loon
Date: 25 April 2007
Notes:
1. To fill in the name of registered holder if the shares of the listed
company are not registered in the name of the substantial
shareholder.
2. To be filled in regardless of whether the shares of listed company
are or are not registered in the substantial shareholder's name.
3. On 23 April 2007, OZ Asia Master Fund, Ltd, Fleet Maritime, Inc., GPC
LVII, LLC, Goldman, Sachs & Co. Profit Sharing Master Trust, OZ
Master Fund, Ltd and OZ Global Special Investments Master Fund, LP.
("Funds") sold an aggregate of 79,023,690 Shares, representing
approximately 3.91% of the issued share capital of STATS. No Fund by
itself holds 5% or more of the issued share capital of STATS.
OZ Management LLC ("OZ LLC") manages the investments of the Funds on
a discretionary basis and acts as their investment advisor. By virtue
of its discretionary investment management powers, OZ LLC is deemed
to have an interest in all of the Shares (some of which are held in
the form of ADSs) held by the Funds.
Daniel Saul Och holds not less than 20% of the issued share capital
of OZ LLC. By virtue of this, he is deemed to have an interest in all
of the Shares (some of which are held in the form of ADSs) in which
OZ LLC has a deemed interest.
4. Percentage of issued share capital is expressed based on the total
number of issued Shares being 2,020,697,000.
MARATHON
Asset Management
Orion House
5 Upper St. Martin's Lane
London WC2H 9EA
Telephone: +44 (0) 20 7497 2211
Fax: +44 (0) 20 7497 2399
17th May 2007
Head of Market Control
Singapore Exchange Securities Trading Limited
2 Shenton Way #19-00
SGX Centre 1
Singapore 068804
Dear Sir
STATSChipPAC Ltd -- Disclosure of Marathon Asset Management LLP's holding
Please find attached a Substantial Shareholding Disclosure in respect of
Marathon Asset Management LLP's holding in STATSChipPAC Ltd as at close of
business 16th May 2007. This discloses that we have voting control over
102,305,000 shares which represents 5.02% of the issued share capital based
on a shares in issue figure of 2,038,880,923 shares. In addition to this we
also have dispositive but non-voting authority over a further 37,549,000
shares representing 1.84% of shares in issue. This gives us a combined
dispositive holding equal to 6.86% of the company,
A copy of this has also been sent to the company in question.
Yours Sincerely,
"David Brown"
David Brown
Chief Operations Officer
CC: Mr Kah Locke Tham, acting CFO, STATSChipPAC Ltd
Marathon Asset Management LLP
Orion House, 5 Upper St. Martin's Lane, London WC2H 9EA.
Registered in England No OC 305964 Authorised and Regulated by the FSA.
Registered in the United States
with the Securities and Exchange Commission.
To: Singapore Exchange Securities Trading Limited
2 Shenton Way #19-00
SGX Centre 1
Singapore 068804
Attn: Head of Market Control
Fax no: (65) 6438 4306
Dear Sirs,
Notice Of Substantial Shareholder's Interests/Change in Interests/Cessation
of Interests*
1. In accordance with Section 137 of the Securities and Futures Act
2001, I/we hereby notify you that I am/we are a substantial shareholder of
the company identified below which is listed on SGX-ST ("listed company")
and the particulars of my/our interest(s) in the shareholdings of the
listed company are as follows:-
PART I [Please complete this Part]
1. Date of notice to listed company: (17/05/2007)
2. Name of Substantial Shareholder: Marathon Asset Management LLP
3. Name of listed company: STATSChipPAC Ltd
4. Please tick one or more appropriate box(es):
[X] a New Substantial Shareholder's Interest.
[Please complete Parts II and IV]
[ ] a Change in the Percentage Level of a Substantial Shareholder's
Interest or Cessation of Interest. [Please complete Parts III and
IV]
PART II
1. Date of change of interest: (16/05/2007)
2. Name of Registered Holder(1):
3. Circumstance(s) giving rise to the interest or Purchase of Shares
change in interest:
4. (2)Information relating to shares held in the name of the Registered
Holder: -
---------------------------------------------------------------------------
No. of shares held before the change: 101,101,000
As a percentage of issued share capital: 4.96%
No. of shares which are the subject of this notice: 102,305,000
As a percentage of issued share capital: 5.02%
Amount of consideration (excluding brokerage and SGD 1.79
stamp duties) per share paid or received:
No. of shares held after the change: 102,305,000
As a percentage of issued share capital: 5.02%
---------------------------------------------------------------------------
PART III
1. Date of change of interest: (DD/MM/YYYY)
2. The change in the percentage level: From ___% to ___%
3. Circumstance(s) giving rise to the interest or change in interest:
4. A statement of whether the change in the percentage level is the result
of a transaction or a series of transactíons.
PART IV
1. Holdings of Substantial Shareholder, including direct and deemed
interest: -
Direct Deemed
---------------------------------------------------------------------------
No. of shares held before the change: 101,101,000
As a percentage of issued share capital: % 4.96%
No. of shares held after the change: 102,305,000
As a percentage of issued share capital: % 5.02%
---------------------------------------------------------------------------
2. My/our contact details, should you have any queries regarding this
Notice and its contents are as follows:-
(a) Telephone number:- +44 (0) 20 7497 2211
(b) #Name of contact person:- Simon Davies
(c) Address:-
Marathon Asset Management LLP
Orion House
5 Upper St Martin's Lane
London
WC2H 9EA
Yours faithfully,
"David Brown"
-------------------------
Name: David Brown
Designation (if applicable): Chief Operations Officer
Date: 17th May 2007
Note :
(1) To fill in the name of registered holder if the shares of the listed
company are not registered in the name of the substantial shareholder
(2) To be filled in regardless of whether the shares of listed company are
or are not registered in the substantial shareholder's name.
*please delete, whichever is the case
Contact Information: Singapore Contact: Tham Kah Locke Vice President, Corporate Finance Tel: (65) 6824 7788, Fax: (65) 6720 7826 email: Email Contact US Contacts: Lisa Lavin Tel: (208) 939 3104, Fax: (208) 939 4817 email: Email Contact The Ruth Group David Pasquale - Executive Vice President Tel: (646) 536 7006 email: Email Contact