General Announcement::Allotment and Issuance of Share Pursuant to the Exercise of Options

SGXNET Announcement

AEM Holdings Ltd

(Registration No. 200006417D)

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ALLOTMENT AND ISSUANCE OF SHARES PURSUANT TO THE EXERCISE OF OPTIONS UNDER

THE AEM HOLDINGS EMPLOYEE SHARE OPTION SCHEME 2014

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The Board of Directors (the "Board") of AEM Holdings Ltd. (the "Company") wishes to announce that, on 11 October 2021, the Company has issued and allotted 65,000 ordinary shares in the capital of the Company at the exercise price of S$1.142 each pursuant to the exercise of options granted under the Scheme (hereinafter referred to as "New Shares").

The New Shares are expected to be listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited on or about 13 October 2021 and trading of the New Shares is expected to commence with effect from 9.00 a.m. on the same date.

The New Shares issued rank pari passu in all respects with the existing issued and paid-up ordinary shares of the Company.

Following the allotment and issuance of these New Shares, the current total number of issued and paid-up ordinary shares of the Company is 308,939,506 (excluding 1,760,980 treasury shares).

By Order of the Board

AEM HOLDINGS LTD.

Chandran Nair

Chief Executive Officer

11 October 2021

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