Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The board of directors (the "Board") of SJM Holdings Limited (the "Company") announces that on 8 October 2013, the Company has granted share options ("Options") to certain participants as defined in the share option scheme adopted by the Company on 13 May 2009 (the "Option Scheme"), which, subject to their acceptances, entitle them to subscribe for a total of 50,460,000 ordinary shares of HK$1.00 each of the Company (the "Shares") under the Option Scheme.
The following are the details of the grant of Options: Date of grant : 8 October 2013
Exercise price of the Options granted
: HK$22 per Share
Number of Options granted : 50,460,000
Closing price of the Shares on the date of grant
: HK$22 per Share
Validity period of the Options : 8 April 2014 to 7 April 2023

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Vesting period of the Options : For 47,460,000 Options ("3-Year Vesting Batch"):

approximately 34% will be vested on 6 months from the grant date
approximat ely 33% will b e vested on 1 year and
6 months from the grant date
approximately 33% will be vested on 2 years and
6 months from the grant date
: For 3,000,000 Options:
approximately 34% will be vested on 1 year from the grant date
approximately 16.5% will be vested on 2 years, 3 years, 4 years and 5 years from the grant date respectively
Among the Options granted under the 3-Year Vesting Batch, Options in respect of a total of
3,000,000 Shares were granted to a director of the Company as follows:

Name

Position

Number of Options

Cheng Kar Shun

Non-executive Director

3,000,000

By order of the Board

SJM Holdings Limited So Shu Fai

Executive Director and Chief Executive Officer

Hong Kong, 8 October 2013

As at the date of this announcement, the executive directors of the Company are Dr. Ho Hung Sun, Stanley, Dr. So Shu Fai, Mr. Ng Chi Sing, Mr. Rui José da Cunha, Ms. Leong On Kei, Angela, Mr. Shum Hong Kuen, David and Mr. Fok Tsun Ting, Timothy, the non-executive director of the Company is Dr. Cheng Kar Shun, and the independent non-executive directors of the Company are Mr. Chau Tak Hay, Dr. Lan Hong Tsung, David, Mr. Shek Lai Him, Abraham and Mr. Tse Hau Yin.

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