The PSE makes no representation on the accuracy, validity, correctness and completeness of the information stated in the respective PORs of listed companies. The PSE shall use the information contained in the POR submitted by the company in computing a company's weight in the index and this may be updated or adjusted consistent with the policy of the Exchange in managing the PSEi and sector indices.

PAL Holdings, Inc.PAL

PSE Disclosure Form POR-1 - Public Ownership Report Reference: Amended Rule on Minimum Public Ownership

Report Type

• Monthly
• Quarterly
• Others

Report Date	Jul 31, 2020

Computation of Public Ownership

Number of Issued and Outstanding Common Shares	11,611,003,257
Less: Number of Treasury Common Shares, if any	25,015
Number of Outstanding Common Shares	11,610,978,242

Less :

A. Directors

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Lucio C. Tan	450	-	450	-
Carmen K. Tan	450	-	450	-
Gilbert Gabriel F. Santa Maria	225	-	225	-
Lucio C. Tan III	450	-	450	-
Joseph T. Chua	225	-	225	-
Johnip G. Cua	225	-	225	-
Gregorio T. Yu	225	-	225	-
Ryuhei Maeda	1	-	1	-
	2,251	0	2,251	0

B. Officers

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

C. Principal/Substantial Stockholders

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Trustmark Holdings Corporation	8,930,733,170	-	8,930,733,170	76.92
ANA Holdings, Inc.	1,103,042,933	-	1,103,042,933	9.5
	10,033,776,103	0	10,033,776,103	86.42

D. Affiliates

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Cosmic Holdings Corporation	378,206,591	-	378,206,591	3.25
	378,206,591	0	378,206,591	3.25

E. Government

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

F. Banks

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

G. Employees

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

H. Lock-Up Shares

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

I. Others

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

Number of Listed Common Shares	10,502,320,021
Total Number of Non-Public Shares	10,411,984,945
Total Number of Shares Owned by the Public	1,198,993,297
Public Ownership Percentage	10.33

Other Relevant Information
None.