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PAL Holdings, Inc.PAL

PSE Disclosure Form 17-6 - Initial Statement of Beneficial Ownership of Securities References: SRC Rule 23 and
Section 17.5 of the Revised Disclosure Rules

Name of Reporting Person	Sheila T. Pascual
Date of Event Requiring Statement	Nov 25, 2021
Relationship of Reporting Person to Issuer	Director

Description of the Disclosure
We are pleased to submit herewith the Initial Statement of Beneficial Ownership of Securities (SEC Form 23-A) of Ms. Sheila T. Pascual, Director of the Company. We trust you will take note accordingly. Thank you.