C03912-2015

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Xurpas Inc.X

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Quarterly Disbursement of Proceeds and Progress Report

Background/Description of the Disclosure

For the second quarter ending June 30, 2015, the Company has used PhP104.5 million from the remaining PhP1.17 billion Initial Public Offering proceeds. The remaining balance of the IPO proceeds is Php1.06 billion.

Other Relevant Information

N/A

Filed on behalf by:
Name Mark Gorriceta
Designation Assistant Chief Information Officer