Publication of Penalties Assessed

March 8, 2013 PSE MEMORANDUM NO. DA-0125-13 TO : The Investing Public and Trading Participants SUBJECT : Publication of Penalties Assessed Pursuant to Section 4 of Penalties and Fines on Publication of Penalties Assessed under the Listing and Disclosure Rules of the Exchange, the Exchange would like to inform the investing public that Asia Amalgamated Holdings Corporation ("AAA" or the "Corporation") has paid the corresponding penalties imposed for failure to comply with the following provisions of the Revised Disclosure Rules: Section 4.1. DISCLOSURE OF MATERIAL INFORMATION: In addition to the reportorial requirements under the Securities Regulation Code, Issuers are hereby required to disclose to the Exchange once they become aware of any material information or corporate act, development or event, within Ten (10) minutes from the receipt of such information or the happening or occurrence of said act, development or event. . . . xxx xxx xxx Section 4.4 EVENTS MANDATING PROMPT DISCLOSURE: The following events, while not comprising a list of all the situations must be disclosed to the Exchange in compliance with Sec. 4.1 hereof: xxx xxx xxx u. All resolutions, approving material acts or transactions, taken up in meetings of the Board of Directors and Stockholders of the Issuer; xxx xxx xxx hh. The purchase or sale of significant assets amounting to ten percent (10%) or more of the Issuer's total assets otherwise than in the ordinary course of business; xxx xxx xxx Section 16. UPDATE OF PRIOR STATEMENTS: Should subsequent events make a prior disclosure inaccurate, the Issuer has the duty to update and correct prior disclosures within ten (10) minutes after receipt of the updated information or upon determination of the discrepancy. Disclosure procedures under Section 4.1 shall apply. xxx xxx xxx The Exchange found the Corporation in violation of the above-mentioned requirements arising from the following: 1. Non-disclosure of the approval by the Corporation's Board Directors of the proposed sale, transfer and assignment of its assets and liabilities to Charlston Realty Co., Inc.; and 2. Delayed/non-disclosure of the re-scheduling of the Corporation's Annual Stockholders' Meeting. For your information and guidance. (SGD.) JANET A. ENCARNACION Head, Disclosure Department Noted by: (SGD.) MARSHA M. RESURRECCION Head, Issuer Regulation Division <http://www.pse.com.ph/resource/memos/2013/DA_2013-0125.pdf> last visited May 14, 2013.