Employee Stock Option/ Share Scheme::Grant of Share Awards under the SATS Restricted Share Plan and Performance Share Plan

Grant of Share Awards under the SATS Restricted Share Plan and Performance Share Plan

Pursuant to Rule 704(29) of the Listing Manual of the Singapore Exchange Securities Trading Limited, SATS Ltd. ("SATS" or the "Company") wishes to announce the following details on the grant of share awards pursuant to the Company's Restricted Share Plan ("RSP") and Performance Share Plan ("PSP"):

		RSP	PSP
(a)	Date of grant	2 August 2021	2 August 2021
(b)	Total number of share awards	435,750*	890,000
	granted
(c)	Market price of its securities on	S$3.990 per ordinary share	S$3.990 per ordinary share
	the date of grant
(d)	Number of share awards	Nil	Mr Alexander Charles
	granted to each director and		Hungate
	controlling shareholder (and		President & Chief Executive
	each of their associates), if any
		Officer and Director
			340,000 shares
(e)	Vesting of shares	Nil	The final number of shares
			that may be awarded under
			the SATS Performance
			Share Plan will range from
			0% to 150% of the initial
			grant and is contingent on
			the achievement of pre-
			determined targets over a
			three-year performance
			condition period.

• To recognize our general employees (GE) and administrative officers (AO) who are going through re- deployment and multi-skilling efforts for their resilience during this COVID-19 pandemic. There are no performance conditions or pre-determined targets attached to the grant of these shares.

Date: 2 August 2021

SATS Ltd. 新翔集团有限公司

P.O. Box 3 Singapore Changi Airport Singapore 918141 邮政信箱 3 号 新加坡樟宜国际机场 新加坡 918141

sats.com.sg

Co. Reg. No. 197201770G