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

BackJan 12, 2011
Part I
1. Date of notice to issuer 11/01/2011
2. Name of Substantial Shareholder Pronto Star Limited
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 31/12/2010
2. The change in the percentage level From 13.56 % To 13.53 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Sales in open market at own discretion.
4. 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 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 136783611 6737000
As a percentage of issued share capital 12.92 % 0.64 %
No. of shares held after the change 136473611 6737000
As a percentage of issued share capital 12.89 % 0.64 %
Footnotes The shareholdings held before and after the change (for the period 01/12/2010 to 31/12/2010) as a percentage were calculated based on a total of 1,058,829,308 issued shares in the capital of Courage Marine Group Limited ("Shares"), excluding treasury shares (if any).

Mr Chiu Chi-Shun has a deemed interest in the 136473611 Shares held by Pronto Star Limited and 6737000 Shares held by Pilot Assets Group Limited.
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