ES : Changes In Composition Of Board And Board Committees

ES GROUP (HOLDINGS) LIMITED

(Company Registration No. 200410497Z)

(Incorporated in the Republic of Singapore)

CHANGES IN COMPOSITION OF BOARD AND BOARD COMMITTEES

The board of directors (the "Board" or "Directors") of ES Group (Holdings) Limited (the "Company") wishes to announce the following changes, which takes effect from 23 November 2018:-

• 1. Appointment of Mr. Ong Beng Chye ("Mr. Ong") as an Independent Director

  Mr. Ong has been appointed as an Independent Director of the Company, and a member of the Company's Audit and Risk Committee, Nominating Committee, and Remuneration and

  Compensation Committee.

  The Board considers Mr. Ong to be independent for the purpose of Rule 704(7) of the Listing

  Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "Catalist Rules"). The particulars of Mr. Ong pursuant to the requirements of Rule 704(6)

  of the Catalist Rules has been announced separately today.

• 2. Changes in the composition of the Board and Board Committees

  Consequent to the abovementioned change, the composition of the Board and the respective Board committees of the Company will be as follows:-

  Board of Directors

Mr. Wee Siew Kim Mr. Low Chee Wee

Mr. Eddy Neo Chiang Swee Ms. Tan Swee Ling

(Non-Executive Chairman and Independent Director) (Chief Executive Officer and Chief Operating Officer) (Executive Director)

Mr. Ong Beng Chye Mr. Jens Rasmussen

(Independent Director) (Independent Director) (Non-Executive Director)

Audit and Risk Committee Ms. Tan Swee Ling (Chairman) Mr. Wee Siew Kim

Mr. Jens Rasmussen Mr. Ong Beng Chye

Nominating Committee

Mr. Wee Siew Kim (Chairman) Ms. Tan Swee Ling

Mr. Jens Rasmussen Mr. Ong Beng Chye

Remuneration and Compensation Committee Ms. Tan Swee Ling (Chairman)

Mr. Wee Siew Kim

Mr. Jens Rasmussen Mr. Ong Beng Chye

By Order of the Board

Low Chee Wee

Chief Executive Officer 22 November 2018

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone [phone].