8.18 DBSH Employee Share Plan The DBSH Employee Share Plan the ESP caters to all

41.3 DBSH Share Plan Under the DBSH Share Plan the Share Plan, the Company’s

ordinary shares may be granted to Group executives who hold such rank as may be determined by the Committee appointed to administer the Share Plan from time to time. The awards could be performance-based andor time-based. Where time-based awards are granted, they will only vest after the satisfactory completion of time-based service conditions. Participants are awarded shares of the Company, their equivalent cash value or a combination of both as part of their deferred bonus at the discretion of the Committee. A time-based award comprises two elements, namely, the main award and the “kicker” award. The shares comprised in the “kicker” award constitute twenty percent of the shares comprised in the main award. Effective 2010, the deferral period for unvested shares was extended from a 3-year period to a 4-year period showing a more prudent risk management arrangement. Under the new vesting schedule, thirty-three percent of the shares comprised in the main award will vest two years after the date of grant. A further thirty-three percent of the shares comprised in the main award will vest three years after the date of grant. The remainder thirty-four percent of the shares comprised in the main award, together with the shares comprised in the “kicker” award, will vest four years after the date of grant. For time-based awards, the fair value of the shares awarded are computed based on the market price of the ordinary shares at the time of the award and is amortised through the income statement over the vesting period. At each balance sheet date, the Group revises its estimates of the number of shares expected to vest based on non-market vesting conditions and the corresponding adjustments are made to the income statement and Share Plan reserves. The following table sets out the movement of time-based awards granted in the current and previous fi nancial years pursuant to the Share Plan and their fair values at grant date. Number of shares 2010 grant 2009 grant Balance at 1 January 2010 Not applicable 4,115,463 Granted in 2010 4,367,999 Not applicable Vested in 2010 31,468 – Forfeited in 2010 204,884 170,803 Balance at 31 December 2010 4,131,647 3,944,660 Weighted average fair value per share at grant date

14.28 8.18

Since the inception of the Share Plan, no awards have been cash-settled under the Share Plan.

41.4 DBSH Employee Share Plan The DBSH Employee Share Plan the ESP caters to all

employees of the Group who are not eligible to participate in the DBSH Share Option Plan, the DBSH Share Plan or other equivalent plans. Under the ESP, eligible employees are awarded ordinary shares of the Company, their equivalent cash value or a combination of both at the discretion of the Committee, when time-based conditions are met. The ESP awards are granted at the absolute discretion of the Compensation and Management Development Committee. Time-based awards were granted in the current and previous fi nancial years. The time-based awards will only vest after the satisfactory completion of time-based service conditions. Similar to the DBSH Share Plan, effective from the 2010 grant, shares will vest at thirty-three percent two years after the date of grant. A further thirty-three percent will vest three years after the date of grant and the remainder thirty-four percent four years after the date of grant. For grants in 2009, the vesting period was over 3-year period with fi fty percent of the shares granted vesting two years after the date of grant and the remainder fi fty percent of the shares vesting three years after the date of grant. The fair value of the shares awarded are computed based on the market price of the ordinary shares at the time of the award and is amortised through the income statement over the vesting period. At each balance sheet date, the Group revises its estimates of the number of shares expected to vest based on non-market vesting conditions and the corresponding adjustments are made to the income statement and Share Plan reserves. The following table sets out the movement of time-based awards granted in the current and previous fi nancial years pursuant to the ESP and their fair values at grant date. Number of shares 2010 grant 2009 grant Balance at 1 January 2010 Not applicable 177,000 Granted in 2010 389,900 Not applicable Forfeited in 2010 47,700 21,400 Balance at 31 December 2010 342,200 155,600 Weighted average fair value per share at grant date

14.26 8.05