HYFLUX LTD

Company Registration No.: 200002722Z

(Incorporated in the Republic of Singapore)


GRANT OF SHARE OPTIONS PURSUANT TO HYFLUX EMPLOYEES SHARE OPTION SCHEME 2011

Pursuant to Rule 704(29) of the Listing Manual of the Singapore Exchange Securities Trading Limited (SGX-ST), Hyflux Ltd (the "Company") wishes to announce that it has today granted share options pursuant to the Hyflux Employees Share Option Scheme 2011, the details of which are as follows:

Date of grant

15 January 2014

Exercise price of options granted

S$1.165

Exercise price is based on the average of the last dealt prices over five consecutive trading days immediately preceding the date of grant.

Number of options granted

3,030,000

Market price of the Company's shares on the date of grant

S$1.160

Number of options granted to each director

Name

Number of options

Number of options granted to each director

Mr Teo Kiang Kok

50,000

Number of options granted to each director

Mr Lee Joo Hai

50,000

Number of options granted to each director

Mr Gay Chee Cheong

50,000

Number of options granted to each director

Mr Christopher Murugasu

50,000

Number of options granted to each director

Mr Simon Tay

50,000

Number of options granted to each director

Mr Gary Kee Eng Kwee

200,000

Number of options granted to controlling shareholder (and each of their associates)

BY ORDER OF THE BOARD LIM POH FONG
COMPANY SECRETARY SUBMITTED ON 15 JANUARY 2014

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