This is to correct the number of Outstanding Shares in System: 1. The authorized capital stock of PMPC is P847,000,000 and divided into 847,000,000 shares of stock with par value of P1.00 each; 2. The shares of stock of PMPC are classified into 169,400,000 (20%) Class A shares and 677,600,000 (80%) Class B shares. Class A shares are transferrable only to Filipino citizens while Class B shares are transferrable to Filipino citizens and foreign nationals; 3. That 104,988,723 of the total 169,400,000 Class A shares are listed in the exchange, while the entire 677,600,000 Class B shares are not listed; 4. That out of the total listed 104,988,723 Class A shares only 84,723,432 are subscribed, issued and outstanding as of June 27, 2014; 5. That on the 677,600,000 Class B shares, 337,994,588 are subscribed, issued and outstanding and under the name of Panasonic Corporation (formerly Matsushita Electric Industrial Co., Ltd., Japan); 6. That as of June 27, 2014 PMPC has the following total issued and outstanding shares: a) Class A shares - 84,723,432 b) Class B shares - 337,994,588 --------------------- Total - 422,718,020 |