KENANGA ANNUAL REPORT 2020

329 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 55. EQUITY COMPENSATION BENEFITS (CONT’D.) Kenanga’s Group Employees’ Share Scheme (“ESS”) (cont’d.) ESOS Third Offer Tranches of vesting: First tranche Second tranche Third tranche Fourth tranche Fair value of share options (RM) 0.1103 0.1251 0.1404 0.1535 Share price at offer date (RM) 0.580 0.580 0.580 0.580 Exercise price (RM) 0.605 0.605 0.605 0.605 Expected volatility (%) 28.10% 28.10% 28.10% 28.10% Risk free rate (%) 3.610% 3.610% 3.610% 3.610% Expected dividend yield (%) 1.80% 1.80% 1.80% 1.80% The exercise period is 3 years from vesting date. ESOS Fourth Offer Tranches of vesting: First tranche Second tranche Third tranche Fair value of share options (RM) 0.1188 0.1338 0.1467 Share price at offer date (RM) 0.570 0.570 0.570 Exercise price (RM) 0.595 0.595 0.595 Expected volatility (%) 27.90% 27.90% 27.90% Risk free rate (%) 3.460% 3.460% 3.460% Expected dividend yield (%) 1.80% 1.80% 1.80% The exercise period is 3 years from vesting date. ESOS Fifth Offer Tranches of vesting: First tranche Second tranche Third tranche Fourth tranche Fair value of share options (RM) 0.0981 0.102 0.1046 0.1038 Share price at offer date (RM) 0.550 0.550 0.550 0.550 Execise price (RM) 0.580 0.580 0.580 0.580 Expected volatility (%) 29.450% 29.450% 29.450% 29.450% Risk free rate (%) 2.480% 2.480% 2.480% 2.480% Expected dividend yield (%) 7.220% 7.220% 7.220% 7.220% The exercise period is 3 years from vesting date.