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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

Annual Report on the Disbursement of Proceeds of the Initial Public Offering

Background/Description of the Disclosure

In compliance with the requirements of the Philippine Stock Exchange, please be advised that as of December 31, 2014, the Company has used PhP17.98 million from the PhP1.32 billion proceeds of the Initial Public Offering.

Other Relevant Information

Please see attached.

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