C02512-2018

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.

Metro Retail Stores Group, Inc.MRSGI

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

Report on Use of IPO Proceeds for the 1st Quarter of 2018

Background/Description of the Disclosure

Please see attached, the MRSGI Report on Use of IPO Proceeds for the 1st Quarter of 2018 duly certified by its external auditor.

Other Relevant Information

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Filed on behalf by:
Name Tara Tsarina Retuya
Designation Compliance Officer and Asst. Corporate Secretary