FIRST RESOURCES LIMITED

(Incorporated in Singapore)

(Company Registration No. 200415931M)

GRANT OF SHARE AWARDS PURSUANT TO THE FIRST RESOURCES EMPLOYEE SHARE AWARD SCHEME 2020

In accordance with Rule 704(29) of the Listing Manual, the Board of Directors of First Resources Limited (the "Company") wishes to announce the following grant of award of ordinary shares (the "Award") pursuant to the First Resources Employee Share Award Scheme 2020 (the "ESAS"):

Date of grant of AwardNumber of shares which are the subject of the Award granted

: :

18 April 2022

339,600

Market price (last done price per share) of shares on the date of grant of Award

:

S$2.08

Number of shares which are the subject of the Award granted to each director and controlling shareholder (and each of their associates), if any

:

NILVesting of shares granted under the AwardBY ORDER OF THE BOARD FIRST RESOURCES LIMITEDChester Leong Company Secretary 18 April 2022

  • : 1/3 of the shares granted under the Award shall each vest in the months of April 2023, 2024 and 2025 respectively.

    Upon vesting, the participants have the flexibility to choose to receive shares or the aggregate market price of the shares in cash in lieu of the allotment of new shares or transfer of existing shares held as treasury shares.

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First Resources Limited published this content on 18 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2022 11:03:03 UTC.