Benguet Corporation: Additional Listing

March 4, 2013 PSE MEMORANDUM NO. LA-0102-13 TO : The Investing Public SUBJECT : Benguet Corporation Additional Listing The Exchange approved on April 8, 2008, based on the representation and documents submitted, the application of BENGUET CORPORATION ("BC" or the "Company") to list additional 4,202,400 common Class A shares, with a par value of P3.00 per share at an exercise price of P8.50 per share and 2,801,600 common Class B shares with a par value of P3.00 per share at an exercise price of P29.07 per share , to cover the Company's Stock Option Plan ("SOP" or the "Plan") . DCcHAa On June 24, 2011, the Company's Board of Directors approved the distribution of the unavailed shares under the Plan to eligible participants. Further, on July 11, 2011, the Company's Board of Directors approved the setting of the exercise price at P16.50 per share for common Class "A" shares and P17.50 per share for common Class "B" shares in accordance with the terms and conditions of the Plan. In this connection, please be advised that an additional 20,880 common Class A shares have been availed of and fully paid under the Company's SOP. In view thereof, the listing of additional 20,880 common Class A shares availed of under the Company's SOP is set for Tuesday, March 5, 2013 . This brings the number of common shares listed under the Company's SOP to a total of 2,177,400 common Class A shares and 47,485 common Class B 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. (SGD.) J.V. B. ZUO III OIC, Listings Department <http://www.pse.com.ph/resource/memos/2013/LA__2013-0102.pdf> last visited May 28, 2013.