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Lopez Holdings CorporationLPZ

PSE Disclosure Form DLR-1 - Voluntary Delisting References: Rules on Voluntary Delisting

Subject of the Disclosure
Voluntary Delisting.
Background/Description of the Disclosure
Filing of a Petition for Voluntary Delisting of the common shares of Lopez Holdings Corporation from the Main Board of the PSE.

Stock Symbol(s) of Affected Securities	LPZ
Date of Approval by Board of Directors	Dec 1, 2020

Reason/Purpose of the Voluntary Delisting
First Philippine Holdings Corporation (“FPH” or ”Bidder”) filed on December 4, 2020 its Tender Offer Report in connection with its tender offer (“Tender Offer”) for a minimum of 908,459,782 issued and outstanding common shares, representing approximately 20% of the total issued and outstanding common shares of Lopez Holdings Corporation (“LPZ” or “Company”), and up to a maximum of 2,069,273,361 issued and outstanding common shares, representing approximately 45.56% of the total issued and outstanding common shares of LPZ, from all the shareholders of the Company. The Tender Offer shall be subject to the terms and conditions of the tender offer provided in the Tender Offer Report, and the fulfillment of the Tender Offer Prerequisites as provided therein. As of 30 November 2020, Lopez, Inc. (“Ultimate Parent”) owns 54.44% of the listed and outstanding common shares of the Company, while the remaining 45.56% is owned by the remaining shareholders of LPZ. Upon completion of Tender Offer, the minimum public ownership of the Company may fall below the prescribed minimum public float of 10% and at least 95% of the total listed and outstanding Common Shares of the Company may be collectively owned by the Bidder and the Ultimate Parent. Based on the foregoing, LPZ is filing a petition for voluntary delisting of its Four Billion Six Hundred Twenty Nine Million Five Hundred Thirty Two Thousand and Six Hundred Eleven (4,629,532,611) common shares from the Main Board of the Philippine Stock Exchange, conditioned on the Tender Offer Prerequisites having been fulfilled.
Person(s) Proposing the Delisting
Lopez Holdings Corporation

Proposed Date of Delisting	TBA

Other Relevant Information
Please see attached Petition for Voluntary Delisting with supporting documents. Attached as well is a Press Release on the matter.

Filed on behalf by:

Name	Maria Amina Amado
Designation	VP, Compliance Officer & Asst. Corp. Secretary