DBSH PERFORMANCE SHARE PLAN DBSH EMPLOYEE SHARE PLAN

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13.4 DBSH PERFORMANCE SHARE PLAN

The DBSH Performance Share Plan the “PSP” is a stock-based plan where DBSH ordinary shares are given free to eligible employees. Eligible employees currently are similar to the DBSH Share Option Plan Para 13.3. During the financial year, 598,380 2001 : 2,378,420 DBSH shares were awarded to selected employees pursuant to the PSP. Remuneration expenses are recognised in the profit and loss account over the relevant performance period when the shares are awarded.

13.5 DBSH EMPLOYEE SHARE PLAN

The DBSH Employee Share Plan the “Employee Share Plan” is intended to cater to all employees of the DBSH Group and associated companies of the DBSH Group who are not eligible to participate in the DBSH Share Option Plan, the DBSH Performance Share Plan or other equivalent plans. During the financial year, 438,940 2001 : Nil DBSH shares were awarded to selected employees pursuant to the ESP. Remuneration expenses are recognised in the profit and loss account over the relevant performance period when the shares are awarded. 24 14 SHARE CAPITAL The share capital of DBS Bank at December 31, 2002, is as follows: In S’million 2002 2001 Authorised 2,000,000,000 ordinary shares of S1 each 2,000 2,000 600,000,000 non-redeemable convertible preference shares of S2 each 1,200 1,200 300,000,000 non-voting convertible preference shares of S1 each 300 300 800,000 non-cumulative redeemable non-convertible perpetual preference shares of US0.01 each and each with a liquidation preference of US1,000 17,500 non-cumulative redeemable non-convertible perpetual preference shares of S0.01 each and each with a liquidation preference of S10,000 - 1 - 1 1,100,000,000 non-cumulative non-convertible perpetual preference shares of S0.01 each and each with a liquidation preference of S100 11 11 1,511 1,511 Issued and fully paid-up 1,962,302,697 2001: 1,636,045,569 ordinary shares of S1 each 1,962 1,636 11,000,000 2001: 11,000,000 non-cumulative non- convertible perpetual preference shares S0.01each Total Issued and Paid-up Share Capital of DBS Bank 1,962 1,636 Amount under S500,000 1 Amounted to S175. 14.1 On May 7, 2002, DBS Bank issued 210,686,648 ordinary shares of par value S1.00 each for S211 million to DBSH, for general corporate purposes, including the maintenance of required minimum total capital adequacy ratios. 14.2 On December 23, 2002, DBS Bank issued 115,570,480 ordinary shares of par value S1.00 each for S1,306 million to DBSH, for general corporate purposes, including the maintenance of required minimum total capital adequacy ratios. 25 15 RESERVES

15.1 SHARE PREMIUM ACCOUNT