NOTICE
| Subject | Publication of Penalties |
|---|
| Background |
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Pursuant to Article VIII, Section 4 on Publication of Penalties Assessed under the Consolidated Listing and Disclosure Rules (the “Rules”) of the Exchange, please be informed that the Exchange has imposed on the listed company mentioned below the corresponding sanctions for failure to comply with the requirements under the Rules. |
| Name | Nature of Violation | |
|---|---|---|
| Now Corporation (“NOW”) | (i) Delayed disclosure of the issuance by the National Telecommunications Commission of the order extending the provisional authority of NOW Telecom Company, Inc., an affiliate, to install, operate and maintain a nationwide mobile telecommunications system (the “NTC Order”); (ii) the release to the news media of the material information regarding the NTC Order without prior or simultaneous disclosure to the Exchange; and (iii) the Company’s representations to the investing public that it is the “fourth telecommunications player” without sufficient basis. |
| Other Relevant Information |
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| Reference(s) |
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Filed on behalf by:
| Name | Janet Encarnacion |
|---|---|
| Designation | Department Head |