Portfolio Shares Options

Pursuant to an ordinary resolution passed on 16 December 2002, Hans Energy adopted a share option scheme for the purpose of enabling Hans to recruit and retain high-calibre employee and attract resources that are valuable to the Group and to provide Hans with a means of giving incentive to, rewarding, remunerating, compensating and/or providing benefits to such persons who contribute or may bring benefit to the Group. The scheme will remain in force for a period of 10 years from adoption of the scheme and will expire on 15^th December 2012. As at today's date, no option has been granted by the Hans Energy under the scheme.