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StarHub Ltd Annual Report 2015

Share-based Payments (continued) Overview

Details of share awards granted under the StarHub PSP 2004 and StarHub PSP 2014 (collectively, the “StarHub PSP
Share Plans”) are as follows:

Participants Share awards Aggregate share Share awards vested Aggregate
granted during the awards granted since during the financial year share awards
StarHub PSP 2004 commencement of the outstanding as at
Executive director: financial year StarHub PSP Share Plans 31 December 2015
Tan Tong Hai to 31 December 2015

– 960,400 176,900 488,600

Key executives – 7,178,650 452,400 480,500 Strategy

StarHub PSP 2014 261,200 261,200 – 261,200

Executive director:
Tan Tong Hai

Key executives 273,500 273,500 – 273,500

(v) Under the StarHub RSP 2004 and the StarHub RSP 2014, awards granted vest only after the satisfactory completion of Performance
time-based service conditions (time-based restricted awards) or where the award is performance-related, after a further
period of service beyond the performance period (performance-based restricted awards).

No minimum vesting periods are prescribed under the StarHub RSP 2004 and the StarHub RSP 2014 and the length of Governance & Sustainability
the vesting period in respect of each award will be determined on a case-by-case basis. Performance-based restricted
awards differ from awards granted under the StarHub PSP 2004 and the StarHub PSP 2014 in that an extended vesting
period is imposed beyond the performance period.

The performance-based restricted awards represent the right of a participant to receive fully paid shares, their

equivalent cash value or combinations thereof, free of charge, upon the participant achieving prescribed performance
targets. The actual number of shares to be released depends on the level of attainment of the performance targets over
the performance period.

For performance-based restricted awards granted prior to and during the financial year ended 31 December 2007,
(a) the first performance target benchmarks the performance of the Company’s TSR measured against the Straits
Times Index (“STI”) over the performance period; and (b) the second performance target used is measured against
Free Cashflow (“FCF”).

For performance-based restricted awards granted during and from financial year ended 31 December 2008 to financial
year ended 31 December 2013, the performance targets used are measured against the Return on Invested Capital
(“ROIC”) and the FCF respectively.

For performance-based restricted awards granted during and from financial year ended 31 December 2014 onwards, Financials
the performance targets used are measured against the Return on Invested Capital (“ROIC”) and the Earnings Before
Interest, Taxation, Depreciation and Amortisation (“EBITDA”).