Basic Energy Corporation: Additional Listing

January 17, 2013 PSE MEMORANDUM NO. LA-0018-13 TO : The Investing Public SUBJECT : Basic Energy Corporation Additional Listing Please be informed that the Exchange approved on December 12, 2012, the application of BASIC ENERGY CORPORATION ("BSC" or the "Company") to list additional 26,700,000 common shares , with a par value of P0.25 per share, at an exercise price of P0.25 per share to cover the Company's Employee Stock Option Plan ("ESOP") . In this connection, please be advised that a total of 26,700,000 common shares have been availed of and fully paid under the Company's ESOP. In view thereof, the listing of the additional 26,700,000 common shares of the Company is set for Monday, January 21, 2013 . There will be no remaining BSC common shares approved for listing to cover the Company's ESOP after the effectivity of the listing of the said 26,700,000 common shares. The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. For your information and guidance. IcTCHD (SGD.) J.V. B. ZUO III OIC, Listings Department Noted by: (SGD.) MARSHA M. RESURRECCION Head, Issuer Regulation Division <http://www.pse.com.ph/resource/memos/2013/LA__2013-0018.pdf> last visited May 23, 2013.