NOTICE

Subject	Converge Information and Communications Technology, Inc.: Initial Public Offering - Release of Shares under Lock-Up
Company Name	Converge Information and Communications Technology Solutions, Inc.

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

Reference(s)	Listing Notice LN00150-2020 dated October 22, 2020
Type of Transaction(s)	Initial Public Offering

Lock-up Details
Duration of Lock-up	365 days
Applicable Lock-up Rule	Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent	PNB - Trust Banking Group
Date of Execution of Escrow Agreement	Oct 19, 2020

Details of the Mandatory Lock-up
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
Coherent Cloud Investments B.V.	1,191,412,844	CNVRG	15.83
Saurabh N. Agarwal	1	CNVRG	0

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
CNVRG	1,191,412,845

Expiry of Lock-up	Oct 8, 2021
Effective Date of Tradability of the Shares	Oct 11, 2021

Other Relevant Information
As previously announced in Listing Notice Nos. LN00133-2020 dated October 12, 2020 and LN00150-2020 dated October 22, 2020, in compliance with the lock-up requirement of the Exchange, 1,034,930,901 Converge Information and Communications Technology Solutions, Inc.’s (“CNVRG” or the “Company”) common shares were subject to a lock-up for a period of 365 days after October 8, 2020, the date of conversion of the convertible preferred shares held by the Coherent Cloud Investment B.V. and Saurabh N. Agarwal. Further, as a result of the completion of the stabilization activities disclosed under C08212-2020 dated November 25, 2020, additional 156,481,944 CNVRG shares were delivered to the Escrow Agent for deposit and safekeeping during the applicable Lock-Up period. In a letter dated October 1, 2021, Philippine National Bank acting through its Trust Banking Group (the “Escrow Agent”) informed the Exchange that the lock-up period for the 1,191,412,845 CNVRG common shares owned by the above-mentioned Locked-up Shareholders (and inclusive of the additional shares delivered after the completion of the stabilization activities) will expire on October 8, 2021. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent and the above-mentioned shareholders on October 19, 2020. For your information and guidance.

Other Relevant Information

As previously announced in Listing Notice Nos. LN00133-2020 dated October 12, 2020 and LN00150-2020 dated October 22, 2020, in compliance with the lock-up requirement of the Exchange, 1,034,930,901 Converge Information and Communications Technology Solutions, Inc.’s (“CNVRG” or the “Company”) common shares were subject to a lock-up for a period of 365 days after October 8, 2020, the date of conversion of the convertible preferred shares held by the Coherent Cloud Investment B.V. and Saurabh N. Agarwal.

Further, as a result of the completion of the stabilization activities disclosed under C08212-2020 dated November 25, 2020, additional 156,481,944 CNVRG shares were delivered to the Escrow Agent for deposit and safekeeping during the applicable Lock-Up period.

In a letter dated October 1, 2021, Philippine National Bank acting through its Trust Banking Group (the “Escrow Agent”) informed the Exchange that the lock-up period for the 1,191,412,845 CNVRG common shares owned by the above-mentioned Locked-up Shareholders (and inclusive of the additional shares delivered after the completion of the stabilization activities) will expire on October 8, 2021. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent and the above-mentioned shareholders on October 19, 2020.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department