Exhibit 99.3

To: Singapore Exchange Securities Trading Limited
2 Shenton Way #19-00
SGX Centre 1
Singapore 068804

Attn: Head of Market Control

Fax no: (65) 6438 4306

To: STATS ChipPAC Ltd
5 Yishun Street 23
Singapore 768442

Attn: Company Secretary (Lam Lee Fong)

Fax no: (65) 6438 0248

Dear Sirs,

Notice of Substantial Shareholder’s Interests

1. In accordance with Section 137 of the Securities and Futures Act, Chapter 289 and Section 82 of the Companies Act, Chapter 50, we hereby notify you that we are a substantial shareholder of the company identified below which is listed on SGX-ST (“listed company”) and the particulars of our interest(s) in the shareholdings of the listed company are as follows:

PART I

1. Date of notice to listed company:	13 April 2007
2. Name of Substantial Shareholder:	OZ Management LLC (see Note 3 below)
3. Name of listed company:	STATS ChipPAC Ltd (“STATS”)
4. Please tick one or more appropriate box(es):

þ a New Substantial Shareholder’s Interest.
[Please complete Parts II and IV]

o a Change in the Percentage Level of a Substantial Shareholder’s Interest or Cessation of Interest.
[Please complete Parts III and IV]

PART II

1. Date of change of interest:	11 April 2007
2. Name of Registered Holders1:	1. OZ Asia Master Fund, Ltd
	2. Fleet Maritime, Inc.
	3. GPC LVII, LLC
	4. Goldman, Sachs & Co. Profit Sharing Master Trust
	5. OZ Master Fund, Ltd
	6. OZ Global Special Investments Master Fund, LP. (collectively,     the “Funds”)
3. Circumstance(s) giving rise to the interest or change in interest:	Purchase of an aggregate of 25,000,000 ordinary shares in the capital of STATS (“Shares”) by the Funds
4. 2Information relating to shares held in the name of the Registered Holders:

No. of shares held before the change:	91,092,190 Shares (some of which are held in the form of American Depositary Shares of STATS (“ADSs”))
As a percentage of Issued share capital:	4.51% (see Note 4 below)
No. of shares which are the subject of this notice:	25,000,000 Shares (See Note 3 below)
As a percentage of issued share capitals:	1.24%
Amount of consideration (excluding brokerage and	—
stamp duties) per share paid:
No. of shares after the change:	116,092,190 Shares (some of which are held in the form of ADSs)
As a percentage of issued share capital:	5.75%

PART III

1. Date of change of interest:	N.A.
2. The change in the percentage level:	N.A.
3. Circumstance(s) giving rise to the interest or change in interest:	N.A.
4. A statement whether the change in the percentage level is the result of a transaction or a series of transactions.
N.A.

PART IV

1. Holdings of Substantial Shareholder, including direct and deemed interest:

	Direct		Deemed
No. of shares held before the change:		0	91,092,190 Shares (some of which are held in the form of ADSs)
As a percentage of issued share capital:		0%		4.51%
No. of shares held after the change:		0	116,092,190 Shares (some of which are held in the form of ADSs)
As a percentage of issued share capital:		0%		5.75%

2. Our contact details, should you have any queries regarding this Notice and its contents are as follows:

(a)	Telephone number:	(01)212 790 0160
(b)	Name of contact person:	Joel Frank, Chief Financial Officer
(c)	Address:	OZ Management LLC
		9W 57th Street
		39th Floor
		New York, NY 10019
		United States of America

Yours faithfully,

By: Allen & Gledhill
On behalf of OZ Management LLC

_____________________

Name: Loh Kai Loon
Date: 13 April 2007

Notes:

1.	To fill in the name of registered holder if the shares of the listed company are not registered in the name of the substantial shareholder.
2.	To be filled in regardless of whether the shares of listed company are or are not registered in the substantial shareholder’s name.
3.	On 11 April 2007, the Funds purchased an aggregate of 25,000,000 Shares, representing approximately 1.24% of the issued share capital of STATS. No Fund by itself holds 5% or more of the issued share capital of STATS.
	OZ Management LLC (“OZ LLC”) manages the investments of the Funds on a discretionary basis and acts as their investment advisor. By virtue of its discretionary investment management powers, OZ LLC is deemed to have an interest in all of the 116,092,190 Shares (some of which are held in the form of ADSs) held by the Funds, representing approximately 5.75% of the issued share capital of STATS.
	Daniel Saul Och holds not less than 20% of the issued share capital of OZ LLC. By virtue of this, he is deemed to have an interest in all of the 116,092,190 Shares (some of which are held in the form of ADSs) in which OZ LLC has a deemed interest.
4.	Percentage of issued share capital is expressed based on the total number of issued Shares being 2,020,697,000.