NOTICE

Subject	Medilines Distributors Incorporated: Initial Public Offering - Release of Shares under Lock-Up
Company Name	Medilines Distributors Incorporated

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

Reference(s)	LN00368-2021 dated December 3, 2021
Type of Transaction(s)	Initial Public Offering

Lock-up Details
Duration of Lock-up	180 days
Applicable Lock-up Rule	Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent	PNB acting through its Trust Banking Group
Date of Execution of Escrow Agreement	Nov 16, 2021

Details of the Mandatory Lock-up
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
Virgilio B. Villar	1,005,002,800	MEDIC	36.55
Ma. Theresa V. Villar	319,996,000	MEDIC	11.64

Details of the Voluntary Lock-up (if applicable)
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
-	-	-	-

Total Shares to be Released from Lock-up
Stock Symbol	No. of Shares
MEDIC	1,324,998,800

Expiry of Lock-up	Jun 5, 2022
Effective Date of Tradability of the Shares	Jun 6, 2022

Other Relevant Information
As previously announced in LN00368-2021 dated December 3, 2021, in view of Medilines Distributors Incorporated’s (“MEDIC” or the “Company”) compliance with the lock-up requirement of the Exchange, 1,324,998,800 common shares were subject to a lock-up period of 180 days from listing date. In a letter dated May 26, 2022, Philippine National Bank, acting through its Trust Banking Group (the “Escrow Agent”), informed the Exchange that the lock-up period for the 1,324,998,800 MEDIC common shares owned by the above-mentioned Locked-up Shareholders will expire on June 5, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent, and the above-mentioned shareholders on November 16, 2021. In view thereof, 1,324,998,800 MEDIC common shares that were held in escrow will be eligible for trading starting on Monday, June 6, 2022, subject to compliance with the Exchange’s rule on lodgment of securities. For your information and guidance.

Other Relevant Information

As previously announced in LN00368-2021 dated December 3, 2021, in view of Medilines Distributors Incorporated’s (“MEDIC” or the “Company”) compliance with the lock-up requirement of the Exchange, 1,324,998,800 common shares were subject to a lock-up period of 180 days from listing date.

In a letter dated May 26, 2022, Philippine National Bank, acting through its Trust Banking Group (the “Escrow Agent”), informed the Exchange that the lock-up period for the 1,324,998,800 MEDIC common shares owned by the above-mentioned Locked-up Shareholders will expire on June 5, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent, and the above-mentioned shareholders on November 16, 2021.

In view thereof, 1,324,998,800 MEDIC common shares that were held in escrow will be eligible for trading starting on Monday, June 6, 2022, subject to compliance with the Exchange’s rule on lodgment of securities.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department