EZRA HOLDINGS LIMITED

(Incorporated in Singapore) (Company Registration Number: 199901411N) (the "Company")

GRANT OF SHARE AWARDS PURSUANT TO THE EZRA EMPLOYEE SHARE PLAN

The Company wishes to announce that it has, on 14 January 2013, granted share awards (the "2013 Awards") pursuant to the Ezra Employee Share Plan approved by the shareholders at an Extraordinary General Meeting held on 28 January 2009 PSP as amended pursuant to the resolution of the shareholders passed at the Extraordinary General Meeting held on 27 September
2012 (the "PSP") to [certain employees of the Company].
Further details of the 2013 Awards granted are as follows:

Date of grant of the 2013

Awards

:

14 January 2013

Market price (last done price) of the securities on the date of the grant

:

S$1.25

Number of shares which are the subject of the 2013 Awards

:

942,800, subject to the terms and conditions of the PSP.

Vesting period

:

1 month

Release schedule (if any)

:

2013 Awards shall be vested in full in 1 month.

Number of 2013 Awards granted to directors or controlling shareholders (or their associates)

0

The details of all the share awards ("Share Awards") granted and vested since the commencement of the PSP are set out below:

Participants

Aggregate Share Awards granted since commencement

of the PSP

Aggregate Share

Awards Lapsed

Aggregate Share Awards vested to date

Aggregate Share Awards outstanding

Directors

2,198,637

0

1,931,237

267,400

Employees of the

Company

1,641,580

144,221

538,253

959,106

Total

3,840,217

144,221

2,469,490

1,226,506

Note:
1. Controlling Shareholders are not participants of the PSP.
2. The Share Awards are granted at the discretion of a committee comprising directors of the Company who are duly authorized and appointed by the Board pursuant to Rule 13 of the PSP to administer the PSP (the "Committee"). The Committee takes into account factors such as the relevant employee's capability, scope of responsibility, skill and vulnerability to leaving the employment of the Ezra Group.
3. The shares of the Company (the "Shares") to be issued under the Awards and other Shares issued and issuable under other share based incentive schemes of the Company, including the ESOS scheme of the Company, shall not exceed 15% of the issued Shares of the Company, excluding treasury shares, from time to time.
4. The Share Awards are subject to the terms and conditions of the PSP.
Disclosures of the PSP will be made by the Company in its annual report for so long as the PSP
continues in operation.
BY ORDER OF THE BOARD Ezra Holdings Limited
Lionel Lee
Managing Director

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