GRANT OF SHARE AWARDS TO NON-EXECUTIVE DIRECTORS

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") to its non-executive directors, being payment of the share component of directors' fees equivalent to about 30% of the directors' fees, for the financial year ended 31 March 2020.

RSP

(a)

Date of grant

12 October 2020

(b)

Total number of share awards granted

117,300*

(c)

Market price of its securities on the date

S$3.10 per ordinary share

of grant

(d)

Number of share awards granted to

Directors

No. of Shares*

each director and controlling

Euleen Goh Yiu Kiang

25,700

shareholder (and each of their

Achal Agarwal

10,800

associates), if any

Chia Kim Huat

11,000

Michael Kok Pak Kuan

11,900

Jenny Lee Hong Wei

6,800

Tan Soo Nan

13,500

Jessica Tan Soon Neo

12,000

Yap Chee Meng

13,600

Yap Kim Wah

12,000

Total

117,300

(e)

Vesting of shares

100% of the share awards vest on the date of

grant

  • The number of shares awarded is determined based on S$2.9627 per share which is the volume weighted average price of a share of SATS on the Singapore Exchange Securities Trading Limited over the 10 trading days after the 47th Annual General Meeting of the Company on 24 September 2020. The number of shares is rounded down to the nearest hundred.

Date: 12 October 2020

SATS Ltd. 新翔集有限公司

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

sats.com.sg

Co. Reg. No. 197201770G

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SATS Ltd. published this content on 12 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 07:39:06 UTC