CERTIFICATE

IPO’s10% Shares

Local small investor (LSI) shares are dedicated for the subscription of retail investors. Ten percent (10%) of an initial public offering (IPO) is allocated for the LSIs.

What are LSI shares?

Who can subscribe to LSI shares?

?

Any local or foreign individual or corporate investor who can satisfy all the documentary requirements of a Trading Participant (TP) and the Issuer. Under the LSI Program, IPO subscription shall not exceed PhP25,000 per subscriber.

Applicants must have an existing account with a TP, who is a licensed stockbroker – the only entity authorized to buy and sell shares on behalf of an investor. The list of PSE accredited TPs can be found at the PSE website (www.pse.com.ph).

Duly notarized Corporate Secretary’s certificate that sets out (a) the resolutions of the applicant’s Board of Directors or equivalent body authorizing the purchase of the offer shares subject of the application and designating signatories for the purpose; (b) the specimen signature of such desig-nated signatories, and (c) percentage holdings by Philippine nationals in the applicant.

Provide a certification in four (4) copies, representing and warranting that their investing in the offer shares subject of the application will not violate the laws of their jurisdiction and that they are allowed to acquire, purchase and hold the offer shares.

Personally submit application documents to the receiving agent

Receiving Centers are located in the following areas: PSE Ayala (Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City), PSE Tektite (PSE Center, Exchange Road, Ortigas Center, Pasig City), and other centers designated by the PSE and the Issuer. The receiving center locations are announced in the PSE and PSE EDGE websites (edge.pse.com.ph).

Receiving hours are within 9:00 a.m. to 5:00 p.m. during the offer period and within 9:00 a.m. to 12:00 p.m. on the last day of the offer period.

-

-

2

Endorse check payment to the receiving agent 3

Subscribing to LSI SHARES

The LSI shares subscription must be paid in full. The check must be (a) payable to the correct account; (b) dated as of the date of submission, and (c) crossed in “Payee’s Account Only.”

For Individual ApplicantsBring a photocopy of two (2) valid government-issued IDs (SSS, GSIS, Driver’s License, Passport or PRC). For joint applications, two (2) valid govern-ment-issued IDs are required per investor.

Certified true copy of the applicant’s latest Articles of Incorporation and By-laws, duly certified by its Corporate Secretary;

Certified true copy of the applicant’s SEC Certifi-cate of Registration, duly certified by its Corporate Secretary; and

How do I subscribe to LSI shares?1 Complete all documentary requirements

Purchase Form

SPECIMEN SIGNATURE CARD

SPECIMENSIGNATURE CARD

Accomplish four (4) copies of application forms which can be sourced from a TP, designated receiving center, Underwriter's Office, or Issuer's website.

Ensure that the application form has been signed by the TP before proceeding to the LSI receiving center.

-

-

-

-

-

-

Accomplish two (2) signature cards which can be sourced from a TP, designated receiving center, Underwriter's Office, or Issuer's website.

Ensure that signature cards duly certified by a TP or the underwriter receiving the application.

Application to Purchase Form

Signature Cards

For Corporate Applicants

For Foreign Corporate Applicants

A Corp -

-

-

CERTIFICATE

Submit the following:

For more information, please call 819 4100 or the Underwriters of the Issuer. Visit www.pse.com.ph and edge.pse.com.ph for more details.