DYNA-MAC HOLDINGS LTD.

Co. Reg. No. 200305693E

(Incorporated in Singapore)

GRANT OF AWARDS PURSUANT TO THE DYNA-MAC SHARE AWARD SCHEME 2021

Pursuant to Rule 704 (29) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), the Board of Directors of Dyna-Mac Holdings Ltd. (the "Company" and together with its subsidiaries, the "Group") hereby announces the grant of contingent awards of ordinary shares ("Shares") in the capital of the Company ("Awards") pursuant to the Dyna-Mac Share Award Scheme

2021 ("DMSAS") as follows:

Date of Grant

16 July 2021

Number of Shares which are the

10,029,000

subject of Awards granted

Closing market price of Shares on

S$0.10

the date of grant

Lim Ah Cheng - Executive Director and

Award of up to

Number of Shares granted to

Chief Executive Officer

5,445,000 Shares

Director

and

controlling

shareholders (and each of their

associates)

The balance 4,584,000 Shares which are the subject of Awards

granted on 16 July 2021 were granted to certain employees of

the Group who are not Directors.

Vesting Period of Awards

3 equal tranches over 3 years upon achieving prescribed

performance conditions

BY ORDER OF THE BOARD

Lim Ah Cheng

Executive Director & Chief Executive Officer

16 July 2021

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Dyna-Mac Holdings Ltd. published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 10:25:06 UTC.