In the Matter of Ginebra San Miguel, Inc.

May 3, 2017 SEC-MSRD ORDER NO. 17, S. 2017 IN THE MATTER OF GINEBRA SAN MIGUEL, INC. ORDER WHEREAS , on 17 April 2017, Ginebra San Miguel, Inc. ("Company") submitted its Preliminary Information Statement ("PIS") and Management Report ("MR") relative to the scheduled stockholders' meeting on 25 May 2017. HTcADC WHEREAS , the Company's Definitive Information Statement ("DIS") containing the Management Discussion and Analysis of the result of operations for the first quarter of 2017 ("1stQ FS and 1stQ MD&A") the quarter ended 31 March 2017, would be not be available for filing and distribution within the fifteen (15) business days before the stockholders' meeting. WHEREAS , on 17 April 2017, the company undertook to (i) make available the SEC Form 17-Q by posting the same in the company's website at least five (5) business days before the date of the annual stockholders' meeting ("ASM"); (ii) upon written request of a stockholder, a copy of the same shall be provided at least five (5) days before the ASM (if the request is made well before such date); (iii) it shall publish in two (2) newspaper of general circulation the Order of the Commission allowing the distribution of its DIS without 1stQ FS and 1stQ MD&A. WHEREAS , SEC Resolution No. 196, Series of 2015, require a Publication of a Notice or an Advisory, in two (2) newspapers of general circulation, that copies of the 1stQ FS and 1st MD&A will be made available to their stockholders at least five (5) business days before holding the Annual Stockholders' Meeting and that such reports can be viewed at the company's official website. Moreover, that in case Stockholders request for hardcopies of said unaudited interim financial statements, the same should be provided to them. WHEREFORE , pursuant to the authority given by the Commission En Banc in SEC Resolution No. 196, Series of 2015, the Markets and Securities Regulation Department hereby approves on 18 April 2017 the company's distribution of the DIS subject to its full compliance of SRC Rule 20.3.3.4. (SGD.) VICENTE GRACIANO P. FELIZMENIO, JR. Director Published in The Philippine Star on May 3, 2017.