My first Publication ocbc_ar17_fullreport_english | Page 277

SUBSTANTIAL SHAREHOLDERS (As shown in the Register of Substantial Shareholders) Substantial shareholders Lee Foundation Selat (Pte) Limited Direct interest No. of Shares Deemed interest No. of Shares Total No. of Shares %* 181,690,897 462,024,552 30,554,123 (1) 19,805,502 (2) 212,245,020 481,830,054 (2) 5.07 11.51 (2) * Percentage is calculated based on the total number of issued shares, excluding treasury shares. (1) The deemed interest represents Lee Foundation’s deemed interest in (a) the 28,046,030 shares held by Lee Pineapple Company (Pte) Limited, and (b) the 2,508,093 shares held by Peninsula Plantations Sendirian Berhad. The deemed interest represents Selat (Pte) Limited’s deemed interest in (a) the 1,605,091 shares held by South Asia Shipping Company Private Limited, and (b) the 18,200,411 shares held by Island Investment Company (Private) Limited as shown in the Register of Substantial Shareholders as at 7 March 2018. Selat (Pte) Limited has, however, informed the Bank in writing that it has ceased to have a deemed interest in these shares following a corporate restructuring exercise but that, as the cessation did not result in an overall percentage level change in Selat (Pte) Limited’s interest in OCBC, no notification of the change was required to be given under the Securities and Futures Act, Chapter 289. (2) BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH 275