SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - GEM                                              PRINTED: 07/12/99  PAGE:   1
                                                                                SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Timeless                       (8028)         * ISC as at 06/12/99 :         750,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  -----------------------------------------
CRIMSON ASIA CAPITAL LI- 01/12/99 1,3            144,786,580      154,261,580                                                                                                                  
MITED L.P.                                                                                                                                                           

ENCORE HOLDINGS LIMITED  01/12/99 1,3            113,300,000      120,000,000                                                                                                                  


                    * ISC refers to the latest Issued Share Capital of the listed company recorded by the Exchange as at the date of this summaries.  It might not promptly reflect 
                      changes caused by share placements, rights issue, bonus issue, etc.  Readers should exercise caution when using these figures.

                                                                                         *****  END OF REPORT  *****Note:


N1     Return of 25,000,000 shares from ING.