NOTICE

Subject	North Star Meat Merchants, Inc.: Initial Public Offering – Preliminary Terms and Conditions
Company Name	North Star Meat Merchants, Inc.
Mode of Listing	Initial Public Offering

Security Details
Type of Security	Stock Symbol	Par Value
Common Shares	NSTAR	Php 0.25

Issued Shares (Pre and Post-Offer)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
NSTAR	Common Shares	1,440,000,000	Up to 1,800,000,000

Outstanding Shares (Pre and Post-Offer)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
NSTAR	Common Shares	1,440,000,000	Up to 1,800,000,000

Treasury Shares (Pre and Post-Offer) (if applicable)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
-	-	-	-

Primary Offer Shares
Stock Symbol	No. of Shares
NSTAR	Up to 360,000,000

Secondary Offer Shares (if applicable)
Stock Symbol	No. of Shares
NSTAR	Up to 32,000,000

Total Firm Offer Shares
Stock Symbol	No. of Shares
NSTAR	Up to 392,000,000

Over-Allotment or Oversubscription Option Shares (if applicable)
Stock Symbol	No. of Shares
NSTAR	Up to 58,000,000

Total Shares Applied for Listing
Stock Symbol	No. of Shares
NSTAR	Up to 1,800,000,000

Offer Price	Up to Php 10.00
Market Capitalization (Post-IPO)	Up to Php 18,000,000,000.00
TP Allocation	Up to 78,400,000 common shares equivalent to up to Php 784,000,000.00
Allocation per TP	Up to 627,000 common shares equivalent to up to Php 6,270,000.00
LSI Allocation	Up to 39,200,000 common shares equivalent to up to Php 392,000,000.00
Estimated Public Float (with Overallotment/Oversubscription)	21.78%
Estimated Public Float (without Overallotment/Oversubscription)	25.00%

Total Shares Under Escrow
Stock Symbol	No. of Shares	Duration of Lock-up
NSTAR	1,350,000,000	365 days

Parties to the Offer
Function	Name of the Party
Sole Issue Manager	BDO Capital & Investment Corporation
Joint Lead Underwriters and Joint Bookrunners	BDO Capital & Investment Corporation and China Bank Capital Corporation
Co-Lead Underwriters	PNB Capital and Investment Corporation and SB Capital Investment Corporation
Selling Shareholder	Golden MJTF Holdings Inc.
Stabilizing Agent	BDO Capital & Investment Corporation
Selling Agents	PSE Trading Participants
Counsel for the Issuer	Martinez Vergara Gonzalez & Sociedad
Counsel for the Sole Issue Manager, and the Underwriters	Angara Abello Concepcion Regala & Cruz Law Offices

Stock Transfer Agent	Stock Transfer Service, Inc.
Receiving Agent	Stock Transfer Service, Inc.
Escrow Agent	Rizal Commercial Banking Corporation Trust and Investment Group
External Auditor	Reyes Tacandong & Co
Price-Setting Date	Jun 8, 2022
Start of Offer Period	Jun 13, 2022
End of Offer Period	Jun 17, 2022
Tentative Listing Date	Jun 24, 2022
Corporate Website Hyperlink to the Prospectus	https://nsmmi.com.ph/wp-content/uploads/2022/05/Revised-Preliminary-Prospectus-as-of-31-May-2022-clean.pdf

Other Relevant Information
The Exchange approved the application of North Star Meat Merchants Inc. ( “NSTAR” or the “Company”) for the initial listing of up to 1,800,000,000 common shares, with a par value of Php 0.25 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”). The IPO of the Company, with an Offer Price of up to Php 10.00 per share, consists of the following: 1. Primary Offering. Up to 360,000,000 common shares to be offered and will be issued to the public on a primary basis; 2. Secondary Offering. Up to 32,000,000 common shares to be offered and will be issued to the public on a secondary basis; and 3. Over-allotment Option of up to 58,000,000 common shares. Attached is a copy of the signed Preliminary Offer Term Sheet. The total Shares Under Escrow indicated above are based on the assumption that the Over-Allotment Option Shares are fully subscribed. The Exchange’s approval of the conduct of the IPO and listing of the Company’s shares is subject to its compliance with all of the post-approval conditions and requirements of the Exchange. The Exchange will advise the investing public of further developments on the IPO of the Company. For your information and guidance.

Other Relevant Information

The Exchange approved the application of North Star Meat Merchants Inc. ( “NSTAR” or the “Company”) for the initial listing of up to 1,800,000,000 common shares, with a par value of Php 0.25 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”).

The IPO of the Company, with an Offer Price of up to Php 10.00 per share, consists of the following:

1. Primary Offering. Up to 360,000,000 common shares to be offered and will be issued to the public on a primary basis;

2. Secondary Offering. Up to 32,000,000 common shares to be offered and will be issued to the public on a secondary basis; and

3. Over-allotment Option of up to 58,000,000 common shares.

Attached is a copy of the signed Preliminary Offer Term Sheet.

The total Shares Under Escrow indicated above are based on the assumption that the Over-Allotment Option Shares are fully subscribed.

The Exchange’s approval of the conduct of the IPO and listing of the Company’s shares is subject to its compliance with all of the post-approval conditions and requirements of the Exchange.

The Exchange will advise the investing public of further developments on the IPO of the Company.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department