Lepanto Consolidated Mining Company: Additional Listing

December 10, 2012 PSE MEMORANDUM NO. LA-0540-12 TO : The Investing Public SUBJECT : Lepanto Consolidated Mining Company Additional Listing The Exchange approved on February 29, 2008, the application of LEPANTO CONSOLIDATED MINING COMPANY (the "Company") to list an additional 252,000,000 Class "A" common shares and 168,000,000 Class "B" common shares, or a total of 420,000,000 common shares, with a par value of P0.10 per share, to cover the Company's Stock Option Plan ("Plan"), at an exercise price equivalent to 80% of the average closing price of the Company's shares for ten (10) trading days immediately preceding the date of approval of the Grant by the Company's Board of Directors. aTEScI Further, pursuant to the 1:7 stock rights offering of the Company to all stockholders of record as of March 25, 2008, an additional 36,000,000 Class "A" common shares and 24,000,000 Class "B" common shares, or a total of 60,000,000 common shares, with a par value of P0.10 per share, were approved for listing to cover the Company's Plan. This brings the number of shares approved for listing to cover the Company's Plan to 288,000,000 Class "A" common shares and 192,000,000 Class "B" common shares, or a total of 480,000,000 common shares. In this connection, please be advised that an additional 268,051 Class "A" common shares and 178,702 Class "B" common shares have been availed of and fully paid under the Company's Plan. In view thereof, the listing of additional 268,051 Class "A" common shares and 178,702 Class "B" common shares availed of under the Company's Plan is set for Tuesday, December 11, 2012. This brings the number of common shares listed under the Company's Plan to a total of 250,637,172 Class "A" common shares and 167,091,247 Class "B" common shares. DAETHc 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/2012/LA__2012-0540.pdf> last visited January 10, 2013.