Asiaone 1-42

DIRECTORS, SENIOR MANAGEMENT AND STAFF
Exercise Price. Under the rules of our AsiaOne (2000) Post-IPO Share Option Scheme, we shall
grant Post-IPO Options whose exercise price shall be the prevailing market price of our Shares
based on the average of the last dealt price per Share as indicated in the daily official list or any
other publication published by the SGX-ST for the five consecutive trading days immediately preceding
the Date of Grant. The rules of our AsiaOne (2000) Post-IPO Share Option Scheme do not provide
for the grant of Post-IPO Options at exercise prices at a discount to the prevailing market price of
our Shares.
The grant of the Post-IPO Options will have no impact on our profitability under the Singapore
Accounting Standards as no cash outlay would be expended by us at the time of grant of such Post-
IPO Options as compared with the payment of cash bonuses. However, as shareholders may be
aware, any options granted to subscribe for new Shares (whether the exercise price is set at the
market price of the Shares at the date of grant or otherwise) have a fair value at the time of grant.
The fair value of an option is an estimate of the amount that a willing buyer would pay a willing
seller for the option on the grant date. Post-IPO Options are granted to participants at a nominal
value of $1.00. Insofar as such Post-IPO Options are granted at a consideration that is less than
their fair value at the time of grant, there will be a cost to our Company in that we will receive from
the participant upon the grant of the Post-IPO Option a consideration that is less than the fair value
of the option.
As and when the Post-IPO Options are exercised, the cash flow will add to our net tangible assets
and our issued share capital base will grow. The effect of the issue of new Shares upon the exercise
of the Post-IPO Options on our net tangible assets per share is accretive if the exercise price is
above the net tangible assets per share, but dilutive otherwise.
Exercise Period. In the case of Post-IPO Options granted to employees of our Company or our
related corporation, the exercise period commences on the first anniversary of the date the Post-IPO
Option is granted and expires on the tenth anniversary of such date. In the case of a Post-IPO
Option granted to persons who are not employees of our Company or our related corporation, the
exercise period commences on the first anniversary of the date the Post-IPO Option is granted and
expires on the fifth anniversary of such date.
Size of Scheme. The aggregate number of our Shares to be issued by us under our AsiaOne
(2000) Post-IPO Share Option Scheme may not exceed 15% of our total issued share capital or
such other percentage as may be allowed by the SGX-ST from time to time.
Duration of Scheme. Our AsiaOne (2000) Post-IPO Share Option Scheme shall continue to be in
force at the discretion of the Share Option Committee, subject to a maximum period of 10 years
from the date on which this scheme was adopted.
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