GuocoLeisure : EMPLOYEE STOCK OPTION / SHARE SCHEME

Issuer/ Manager

GUOCOLEISURE LIMITED

Securities

GUOCOLEISURE LIMITED - BMG4210D1020 - B16

Stapled Security

No

Announcement Title

Employee Stock Option/ Share Scheme

Date & Time of Broadcast

21-Sep-2015 17:58:13

Status

New

Announcement Sub Title

Grant of Options pursuant to the GuocoLeisure Limited Executives' Share

Option Scheme 2008

Announcement Reference

SG150921OTHRZ942

Submitted By (Co./ Ind. Name)

Susan Lim

Designation

Group Company Secretary

Description (Please provide a detailed description of the event in the box below)

Please refer to the attached.

1

Date of grant

21 September 2015

2

Exercise price of options granted

S$0.80 per share

The exercise price is equal to the 5-day weighted average market price of the Company's shares immediately prior to the date of grant.

3

Total number of option shares granted

19,500,000

4

Market price of the Company's shares on the

date of grant

S$0.795 per share

5

Number of options granted to directors and controlling shareholders (and their associates), if any

None

6

Validity period of the options

Each option will vest in two tranches; the first tranche of up to 20% of the relevant option shares will vest on 30 June 2016 on achievement of applicable performance targets, and the remainder of the relevant option shares will vest within three months of 30 June 2019 on achievement of applicable performance targets.

Once vested, each tranche is exercisable as follows:

 40% within 6 months of the Vesting Date

 40% between the 13th month and the 18th month after the Vesting Date

 20% between the 25th month and the 30th month after the Vesting Date