NOTICE OF A SUBSTANTIAL SHAREHOLDER'S INTEREST


Name of Announcer UNITED INDUSTRIAL CORP LTD  
Company Registration No. 196300181E
Announcement submitted on behalf of UNITED INDUSTRIAL CORP LTD  
Announcement is submitted with respect to UNITED INDUSTRIAL CORP LTD  
Announcement is submitted by Mrs Susie Koh  
Designation Company Secretary  
Date & Time of Broadcast 16-Dec-2005 17:38:38
Announcement No. 00065


>> Announcement Details


>> PART I


1. Date of notice to issuer 15-12-2005  
2. Name of Substantial Shareholder Wee Cho Yaw
3. Please tick one or more appropriate box(es):
  • Notice of a New Substantial Shareholdres' interest. [Please complete Part II and IV]


>> PART II


1. Date of change of Interest 15-12-2005
2. Name of Registered Holder Wee Cho Yaw [Direct] 24,000 UIC shares; UOB Nominees Pte Ltd [Deemed]- Wee Cho Yaw (700,000 UIC shares), Straits Maritime Leasing (61,343,000 UIC shares), Haw Par Capital Pte Ltd (6,215,000 UIC shares), United Overseas Land Limited (13,388,000 UIC shares) and UOL Equity Investment Pte Ltd (164,459,200 UIC shares)
3. Circumstance(s) giving rise to the interest or change in interest # Others
  # Please specify details Following United Overseas Bank Limited's delivery of United Overseas Land Limited ("UOL") shares upon noteholders' exercise f exchange rights under the "UOB Zero Coupon Exchangeable Notes Due January 2006", Mr Wee's interest in UOL shares has exceeded 20%. Mr Wee is therefore deemed to have an interest in the shares of United Industrial Corporation Limited held by UOL and UOL Equity Investment Pte Ltd
4. Information relating to shares held in the name of the Registered Holder
  No. of Shares held before the change 0
  As a percentage of issued share capital 0 %
  No. of Shares which are subject of this notice 246,129,200
  As a percentage of issued share capital 17.868 %
  Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0
  No. of Shares held after the change 246,129,200
  As a percentage of issued share capital 17.868 %


>> PART III


1. Date of change of [Select Option]  
2. The change in the percentage level  
3. Circumstance(s) giving rise to the interest 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 Substantial Shareholder , including direct and deemed interest :

Direct

Deemed
No. of shares held before the change 0 0
  As a percentage of issued share capital 0 % 0 %
No. of shares held after the change 24,000 246,105,200
As a percentage of issued share capital 0.002 % 17.866 %


>> Footnotes

The percentages are computed based on the Issuer's paid-up share capital of S$1,377,481,220/- as at 15 December 2005