ACQUISITIONS AND DISPOSALS :: CHANGES IN COMPANY'S INTEREST :: INCREASE OF SHAREHOLDING IN SUBSIDIARY


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Name of Announcer * GP BATTERIES INT LTD Company Registration No. 199002111N Announcement submitted on behalf of Announcement is submitted with respect to *

GP BATTERIES INT LTD

GP BATTERIES INT LTD

Announcement is submitted by * Caroline Yeo Designation * Company Secretary Date & Time of Broadcast 08-Jan-2013 17:35:21 Announcement No. 00077

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Announcement Title * INCREASE OF SHAREHOLDING IN SUBSIDIARY Description GP BATTERIES INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) Company Registration Number 199002111N INCREASE OF SHAREHOLDING IN SUBSIDIARY


The Board of Directors of GP Batteries International Limited (the "Company") wishes to announce that the Company has acquired an additional 30% equity interest in GP Battery Marketing (Malaysia) Sdn Bhd ("GPBMM") from a third party (the "Acquisition") making GPBMM a wholly-owned subsidiary of the Group.
The aggregate value of the consideration for the Acquisition was Ringgit Malaysia 1.3 million (approximately S$524,000), paid in cash on completion, was arrived at on a willing buyer willing seller basis, being approximately 30% of the net tangible asset value of GPBMM as at
31 December 2012. The net tangible asset value of GPBMM as at 31 December 2012 was approximately Ringgit Malaysia 4.33 million (being approximately S$1.75 million). No valuation was commissioned for the shares acquired.
The Acquisition is not a discloseable transaction under Chapter 10 of the SGX-ST Listing
Manual.
None of the directors or controlling shareholders of the Company has any direct or indirect interest in this transaction except through their shareholdings (if any) in the Company.
By Order of the Board
Caroline Yeo
Company Secretary
8 January 2013

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