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Notice Of A Substantial Shareholder's Interest

BackAug 11, 2011
Part I
1. Date of notice to issuer 08/08/2011
2. Name of Substantial Shareholder HSBC PRIVATE BANKING HOLDINGS (SUISSE) SA
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Interest 31/07/2011
2. Name of Registered Holder Sea-Sea Marine Company Limited; Pilot Assets Group Limited
3. Circumstance(s) giving rise to the interest or change in interest # Others

Pilot Assets Group Limited ("PAGL") which has a direct interest of 0.636% of the shares in Courage Marine Group Limited (the "Company") ("Shares"), is partially owned by Sea-Sea Marine Company Limited ("SSMC") which has a direct interest of 13.419% of the Shares (and also the indirect interest of 0.636% held under PAGL).

SSMC is wholly-owned by Besco Holdings Ltd (BVI) ("Besco") which is wholly-owned by HBSC International Trustee Limited ("HKIT") as trustee of a trust. HKIT is thus deemed to have an indirect interest of 14.055% in the Shares of the Company.

As a result of a transfer by HSBC Bank Bermuda Limited of all its shares in HKIT to HSBC Private Banking Holdings (Suisse) SA ("HPBH"), HPBH is now deemed to be a substantial shareholder of the Company.

HPBH is a wholly-owned subsidiary of HSBC Europe (Netherlands) BV, which is substantially 94.9% owned by HSBC Bank plc, which is a wholly-owned subsidiary of HSBC Holdings plc.
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 148818611
As a percentage of issued share capital 14.055 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0
No. of Shares held after the change 148818611
As a percentage of issued share capital 14.055 %
Part III - Not Required
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 0 148818611
As a percentage of issued share capital 0 % 14.055 %
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