DBSH SHARE OWNERSHIP SCHEME DBSH SHARE OPTION SCHEME DBSH SHARE OPTION PLAN

21 13 SHARE OPTIONS AND SHARE PLANS

13.1 DBSH SHARE OWNERSHIP SCHEME

The DBSH Share Ownership Scheme the “SOS” is a fund set up to hold units of DBSH ordinary shares and is administered by DBS Trustee Ltd, a wholly owned subsidiary company of DBS Bank. All confirmed employees with at least one year of service and who are not participating in the DBSH Share Option PlanScheme are eligible to contribute up to 10 of their monthly base pay to buy units of DBSH ordinary shares. DBSH Group will top up 50 of the employee’s contribution as additional incentive to the employee. Details of the DBSH ordinary shares held by DBS Trustee Ltd pursuant to the DBSH Share Ownership Scheme are as follows: Number of DBSH ordinary shares Market value of DBSH ordinary shares S’million 2002 2001 2002 2001 At beginning of the year 2,807,529 2,321,029 38 45 At end of the year 3,281,329 2,807,529 36 38

13.2 DBSH SHARE OPTION SCHEME

The DBSH Share Option Scheme was terminated on October 18, 1999, and the outstanding existing unexercised options the “DBSH Options” will continue to remain valid until the date of expiration of the relevant DBSH Options. The movements of the unissued ordinary shares of DBSH of par value S1.00 each comprised in outstanding existing unexercised options are as follows: Number of unissued ordinary shares During the year Number of unissued ordinary shares Subscription price per ordinary share Date of expiration DBSH Options January 1, 2002 Exercised Lapsed December 31, 2002 1997 1,163,612 1,163,596 16 - S7.29 May 5, 2002 1998 1,145,144 213,156 25,200 906,788 S7.69 April 7, 2003 2,308,756 1,376,752 25,216 906,788 Ordinary shares of DBSH of par value S1.00 issued upon exercise of share options during the year ended December 31, 2002 yielded the following proceeds, at the following market value: In S’million 2002 2001 Ordinary share capital – at par 1 1 Share premium 9 9 Proceeds 10 10 Market value, at exercise date, of shares issued 19 20 22

13.3 DBSH SHARE OPTION PLAN

Under the DBSH Share Option Plan the “Option Plan”, options to subscribe for DBSH ordinary shares could be granted to DBSH Group executives who hold the rank of Vice President or equivalent rank and above and selected employees of DBSH Group of a rank below the rank of Vice President or equivalent rank. This would also include executives of associated companies of DBSH Group who hold the rank of Vice President or equivalent rank; and non-executive directors of DBSH. The movements of the unissued ordinary shares of DBSH of par value S1.00 each comprised in outstanding DBSH options granted under the Option Plan were as follows: Number of unissued ordinary shares During the year Number of unissued ordinary shares Subscription price per ordinary share Date of expiration DBSH Options January 1, 2002 Granted Exercised Lapsed December 31, 2002 1999 4,377,358 - - 120,897 4,256,461 S15.30 July 27, 2009 March 2000 1,750,800 - - 53,800 1,697,000 S20.87 March 5, 2010 July 2000 1,188,800 - - 35,000 1,153,800 S22.33 July 26, 2010 March 2001 13,093,000 - - 900,000 12,193,000 S17.70 March 14, 2011 June 2001 21,000 - - - 21,000 S14.76 May 31, 2011 August 2001 1,682,000 - - 182,000 1,500,000 S12.93 July 31, 2011 October 2001 11,655 - - - 11,655 S10.73 October 30, 2011 January 2002 - 50,500 - - 50,500 S13.70 January 1, 2012 March 2002 - 12,876,240 - 548,000 12,328,240 S14.73 March 27, 2012 August 2002 - 1,329,000 - 39,000 1,290,000 S12.27 August 15, 2012 October 2002 - 9,260 - - 9,260 S11.73 October 9, 2012 December 2002 - 20,000 - - 20,000 S11.47 December 17, 2012 22,124,613 14,285,000 - 1,878,697 34,530,916 Ordinary shares of DBSH of par value S1.00 issued upon exercise of share options during the year yielded the following proceeds, at the following market value: In S’million 2002 2001 Ordinary share capital – at par - Share premium - 1 Proceeds - 1 Market value, at exercise date, of shares issued - 1 Amount under S500,000 23

13.4 DBSH PERFORMANCE SHARE PLAN