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27 February 2003Market Value ServicesXX IncXXXXX

Market Value ServicesXX IncContents1. Introduction ................................................................................................................... 12. List of Participants - High-Tech Industry ..................................................................... 33. Compensation Definitions............................................................................................. 54. Job Pricing Report......................................................................................................... 7Mercer Human Resource ConsultingCopy right 2002 Mercer Human Resource Consulting.i

Market Value ServicesXX Inc1IntroductionXX Inc invited Mercer Human Resource Consulting to provide market analysis from ourSingapore compensation data for xxxxx.Based on the information provided, Mercer based the compensation segment of thecomparison report on Mercer’s 2002 Singapore Total Remuneration Survey resultswith an effective date of July 2002 (data aged to xx 2003). For list of companiessurveyed, please refer to the following pages.For the cash compensation portion of the analysis, Mercer analyzed the following marketelements:❐❐Annual Base SalaryAnnual Total CashFor the non-cash portion of the analysis, Mercer analyzed the following market elements:❐ Health Benefits:❐ Clinical❐ Dental❐ Inpatient Care❐ Insurance❐ Retirement plan❐ Company car❐ Club membershipAdditional information on remuneration policy is:❐ Allowances❐ Variable BonusMercer Human Resource Consulting 1Copy right 2002 Mercer Human Resource Consulting.

Market Value ServicesXX IncDisclaimer NoticeMercer Human Resource Consulting Limited (Mercer) recognizes the importance of thecontent in this document to XX. Therefore, every effort has been made to ensure theaccuracy of all information and statement herein. However, we do NOT warrant theinformation's accuracy, adequacy, or completeness. We shall not be liable for errors oromissions in the information and we provide the information “as is” without warranty ofany kind.Non-Disclosure NoticeAll information in this report, including the prices quoted, is to be treated asCONFIDENTIAL information, provided only for the purpose of the recipient. Therecipient may not disclose the report to any person or party other than the intendedaudience and representatives of any organization serving as professional advisor to therecipient. The right of all intellectual property of whatever nature contained herein shallbe and remain vested with Mercer Human Resource Consulting Limited. Before makingthis report available, the recipient must bring this Non-Disclosure Notice to the attentionof those concerned.Mercer Human Resource Consulting 2Copy right 2002 Mercer Human Resource Consulting.

Market Value ServicesXX Inc2List of Participants - XX Industry! Abacus International Pte Ltd! ABB Industry Pte Ltd! Accenture Pte Ltd! Adroit Innovations Limited! Advantest Asia Pte Ltd! Agere Systems Singapore Pte Ltd! Alcatel Singapore Pte Ltd! AMP (S) Pte Ltd! Analog Devices! Apple Computer Ltd! ASML Singapore! BMC Software! Broadcom Singapore Pte Ltd! BT Services (Singapore) Pte Ltd! Cadence Design Systems (S) Pte Ltd! Data Storage Institute! Defence Science & Technology Agency! Delphi Automotive System (S) Pte Ltd! Dresser Singapore Pte Ltd! DSO National Laboratories! Electro Scientific Industries, Inc! Ellipsiz Ltd! Emerson Process Singapore Pte Ltd! Enterasys Networks Singapore! Equant (Singapore) Pte Ltd! Ericsson Telecommunications Pte Ltd! Esko Graphics Pte Ltd! Fleetguard International Corporation! FreeMarket Asia Pte Ltd! Fujitsu Asia Pte Ltd! Fujitsu Microelectronics Asia Pte Ltd! Fujitsu PC Asia Pacific Pte Ltd! Honeywell Pte Ltd! Hutchinson Technology Asia Inc.! Ilog Inc.! Infocomm Development Authority ofSingapore! Institute for Communications Research! Intersil Pte Ltd! Iomega Pacific Pte Ltd! KLA Tencor (S) Pte Ltd! LSI Logic Singapore Pte Ltd! Lucent Technologies Singapore Pte Ltd! Marvell Asia Pte Ltd! Maxtor Peripherals (S) Pte Ltd! Mentor Graphics Asia Pte Ltd! Molex Far East Management Pte Ltd! Motorola Electronics Pte Ltd! National Semiconductor Asia Pacific PteLtd! NEC Business Coordination Center (S) PteLtd! Nokia Pte Ltd! NovaSPRINT Pte Ltd! Novellus Singapore Pte Ltd! Omron Asia Pacific Pte Ltd! Pacific Internet Limited! Philips Electronics Singapore Pte Ltd! Radiance Communications Pte Ltd! Reach Internet Service Pte Ltd! Rockwell Automation (SEA) Pte Ltd! Saturn Electronics (S) Pte Ltd! Schlumberger Measurement & SystemsPte Ltd! Schneider Electric Singapore Pte Ltd! Seagate Technology International! Siemens Pte LtdMercer Human Resource Consulting 3Copy right 2002 Mercer Human Resource Consulting.

Market Value ServicesXX Inc! Siemens VDO Automative Pte Ltd! Singapore Telecommunications Ltd! SITA Information Networking Computing(Asia Pacific) Pte Ltd! Solectron Corporation! Sony Marketing Asia Pacific Pte Ltd! Spirax Sarco South East Asia! Sprint Corporation! ST Electronics Ltd! STT Communications Ltd! Starhub Pte Ltd! STMicroelectronics Asia Pacific Pte Ltd! Synopsys Singapore Private Ltd! Tellabs Singapore Pte Ltd! Texas Instruments! Varian Semiconductor EquipmentAssociates, Asia Ltd! Vishay Asia Pte Ltd! Yokogawa Engineering Asia Pte Ltd! Zarlink Semiconductor (Asia) Pte LtdMercer Human Resource Consulting 4Copy right 2002 Mercer Human Resource Consulting.

Market Value ServicesXX Inc3Compensation Definitions25 th Percentile25 th Percentile represents the point where 25% of the data have values less than, while75% of the data have values greater than the given value. Also referred to as the ‘LowerQuartile’.MedianRepresents the point where 50% of the data have values less than while 50% of the datahave values greater than the given value.75 th Percentile75 th Percentile represents the point where 75% of the data have values less than while 25%of the data have values greater than the given value. Also referred to as the ‘UpperQuartile’.AverageThe sum of all data for a particular component divided by the sample size of thatcomponent. Also referred to as the ‘Mean’.Annual Base SalaryMonthly base salary times number of months paid in a year. This includes the annualbase salary and the annual fixed bonuses.Annual Total CashThe annual base salary and position allowance plus bonuses, commissions and/orincentives, and any other allowances paid in a cash form. The term excludes the cost ofproviding executive benefits and any reimbursement for business expenditures.Mercer Human Resource Consulting 5Copy right 2002 Mercer Human Resource Consulting.

Market Value ServicesXX IncVariable BonusAll payments made over the last 12 months, which are associated with individual, teamand/or corporate performance.Car allowanceThe monthly fixed allowance at the time of the effective survey date multiplied by 12.This amount is in lieu of, or for maintaining, a vehicle.Stock GrantCash value of all grants in the form of stocks made over the last 12 months.Stock OptionsCash value of all grants in the form of stock options made over the last 12 months.Mercer Human Resource Consulting 6Copy right 2002 Mercer Human Resource Consulting.

Market Value ServicesXX Inc4Job Pricing ReportReport for : xxxCountry: SingaporeBenchmark Position : Head of SalesBenchmark Group : SalesIndustry: High TechBenchmark Position DescriptionNormally reports to:Head of Business DevelopmentCommon roles and responsibilities:Conduct market studies and feasibility studies. Contact Government authorities and relevant parties toseek possible business development.Typical qualifications:Degree or equivalentTypical relevant experience:5 - 8 years of relevant experienceMercer Human Resource Consulting 7Copy right 2002 Mercer Human Resource Consulting.

Market Value ServicesXX IncTypical RemunerationPosition Class : 59 - 60Sample Size : 27 observations from 21 companies25thPercentileMedian75thPercentileAverageAnnual Base Salary 129,500 146,900 191,200 163,500Variable Bonus(as % of Annual Base)6.6% 13.8% 24.9% 20.4%Annual Total Cash 164,200 197,300 243,100 228,100All figures in Singapore Dollars and based on Mercer’s database for LOCAL EMPLOYEES (i.e. non-Expatriate).Note:" Source: High Tech Industry Total Remuneration Survey Report as at July 2002 (data agedto March 2003)." Salary Review Practice: Once a year and normally in January or July." 2002 Top Management salary increase = 2.4%" 2003 Top Management forecast salary increase = 3.2%.Mercer Human Resource Consulting 8Copy right 2002 Mercer Human Resource Consulting.

Market Value ServicesXX IncTypical Benefits and PerquisitesVariable Bonus : 59% of sample received variable bonus.Company car : Typically not provided.Car Allowance : In-lieu-of company car, incumbent in this position is given acar allowance which ranges between $1,000 to $2,500 permonth. 56% of the sample received car allowance.Transport AllowanceHousing AllowanceStock and sharesschemeClub membershipMedicalAccident InsuranceLife and PersonalInsuranceAnnual LeaveMedical (Out-patient)/Hospitalization LeaveMaternity LeaveTypically not provided.In-lieu-of company car and car allowance, incumbent in thisposition is given a transport allowance which ranges between$500 to $1,600 per month. 26% of the sample received carallowance.: Typically, not provided. Only for expatriates.: Depends on company policy. If provided, the stock amountgranted is determined by various factors such as companyperformance and position level.22% of sample received Stock Option.: Typically, not provided.: Typically, there is no cap on the number of visits per year,amount per visit and amount per year. Dental coverage istypically $150 per year.Under hospitalization, the surgical coverage ranges from$7,000 to $25,000 and the room and board rate ranges from$280 to $350 per day.: 100% coverage for employee only and is pegged at 36 monthsof the employee’s monthly salary.: 100% coverage for employee only and is pegged at 36 monthsof the employee’s monthly salary.: 18 days for first year of service and thereafter, one additionalday for each year of service, up to a maximum 24 days ofannual leave.: Incumbent who has been with the company for at least sixmonths is entitled to 14 days of paid sick leave per year or upto 60 days if hospitalised.: 8 weeks at full pay as per statutory requirement.Paternity LeaveMarriage Leave: Typically, 2 days at full pay for up to two children.: Typically, 3 days at full pay.Compassionate Leave : Typically, 3 days per occasion.SupplementaryPension: No supplements to Central Provident Fund (CPF) paid.The contribution rates are as follow:- Employer’s contribution : 16% of monthly base salary;- Employee’s contribution : 20% of monthly base salary.(With salary ceiling at S$6,000 per month. Please note thatw.e.f. 1/1/2003, the salary ceiling will be S$5,000 per month)Mercer Human Resource Consulting 9Copy right 2002 Mercer Human Resource Consulting.

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