First Philippine Holdings Corporation: Additional Listing

December 10, 2012 PSE MEMORANDUM NO. LA-0537-12 TO : The Investing Public SUBJECT : First Philippine Holdings Corporation Additional Listing The Exchange approved on November 8, 2006, the application of FIRST PHILIPPINE HOLDINGS CORPORATION ("FPH" or the "Company") to list additional 40,000,000 common shares, with a par value of P10.00 per share, to cover the Company's Employees Stock Purchase Plan ("ESPP") and Executive Stock Option Plan ("ESOP") (collectively referred to as the "Plan"). 1 TaSEHC This is in addition to the 40,000,000 common shares approved by the Exchange in 1997 to cover the Company's ESPP and ESOP. Out of these 40,000,000 common shares previously approved for listing, a total of 36,675,560 shares have been listed, while the remaining 324,440 shares have not been availed of and fully paid yet. Hence, as of November 8, 2006, a total of 40,324,440 common shares are available to cover the Company's ESPP and ESOP. In this connection, please be advised that an additional 17,050 common shares have been availed of and fully paid under the Company's ESOP with the following breakdown: ESOP 17,050 ESPP 0 Total 17,050 In view thereof, the listing of additional 17,050 common shares availed of under the Company's ESOP is set for Tuesday, December 11, 2012. This brings the number of common shares listed under the Company's ESOP and ESPP to a total of 29,820,261 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. (SGD.) J.V. B. ZUO III OIC, Listings Department Footnotes 1. The ESPP's purchase price is based on the average of the last dealt price of FPH shares for ten (10) days immediately preceding the offer date and at a maximum discount of 40%. The ESOP's exercise price is based on the average of the last dealt price of FPH shares for ten (10) days immediately preceding the offer date. <http://www.pse.com.ph/resource/memos/2012/LA__2012-0537.pdf> last visited January 10, 2013.