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.

Top Frontier Investment Holdings, Inc.TFHI

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

Report Type

• Monthly
• Quarterly
• Others

Report Date	Sep 30, 2026

Computation of Public Ownership

Number of Issued Common Shares	535,196,200
Less: Number of Treasury Common Shares, if any	157,310,033
Number of Outstanding Common Shares	377,886,167

Less :

A. Directors

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Iñigo U. Zobel	1,617	-	1,617	0
Ramon S. Ang	75,887	-	75,887	0.02
Aurora T. Calderon	2,360	-	2,360	0
John Paul L. Ang	100	-	100	0
Teresita J. Leonardo-De Castro	100	-	100	0
Ricardo C. Marquez	100	-	100	0
Rosmari D. Carandang	100	-	100	0
	80,264	0	80,264	0.02

B. Officers

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Iñigo U. Zobel (same as above)	-	-	-	-
Ramon S. Ang (same as above)	-	-	-	-
Aurora T. Calderon (same as above)	-	-	-	-
Virgilio S. Jacinto	2,562	-	2,562	0
Bella O. Navarra	10,260	-	10,260	0
Irene M. Cipriano	1,000	-	1,000	0
Maria Rosario B. Balanza	1,307	-	1,307	0
Ramon R. Bantigue	-	-	-	0
	15,129	0	15,129	0

C. Principal/Substantial Stockholders

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
IZ Investment Holdings, Inc.	199,599,900	-	199,599,900	52.82
Master Year Limited	49,799,900	-	49,799,900	13.18
Privado Holdings Corp.	36,814,051	44,500	36,858,551	9.75
Far East Holdings, Inc.	-	45,000,000	45,000,000	11.91
	286,213,851	45,044,500	331,258,351	87.66

D. Affiliates

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
San Miguel Corporation	2,561,031	-	2,561,031	0.68
	2,561,031	0	2,561,031	0.68

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
Lock-up Shares	4,040,744	-	4,040,744	1.07
	4,040,744	0	4,040,744	1.07

I. Others

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

Number of Listed Common Shares	535,196,200
Total Number of Non-Public Shares	337,955,519
Total Number of Shares Owned by the Public	39,930,648
Public Ownership Percentage	10.57

Other Relevant Information
As previously disclosed: (i) IZ Investment Holdings, Inc. is 100% owned by Mr. Iñigo U. Zobel; and (ii) Master Year Limited, Privado Holdings Corp., and Far East Holdings, Inc. are 100% owned by Mr. Ramon S. Ang.