| Subject | Medilines Distributors Incorporated: Initial Public Offering - Release of Shares under Lock-Up |
| Company Name | Medilines Distributors Incorporated |
| Type of Security | Stock Symbol | Par Value |
| Common Shares | MEDIC | Php 0.25 |
| Reference(s) | LN00368-2021 dated December 3, 2021 |
| Type of Transaction(s) | Initial Public Offering |
| Duration of Lock-up | 365 days |
| Applicable Lock-up Rule | Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended |
| Escrow Agent | PNB acting through its Trust Banking Group |
| Date of Execution of Escrow Agreement | Nov 16, 2021 |
| Name of Shareholder | No. of Shares | Stock Symbol | Percentage |
| Maria Patricia Dolor V. Yambing | 400 | MEDIC | - |
| Norman K. Macapagal | 400 | MEDIC | - |
| Fernando Sixto V. Segovia | 400 | MEDIC | - |
| Brian N. Edang | 400 | MEDIC | - |
| Gerardo J. Guerrero | 400 | MEDIC | - |
| Name of Shareholder | No. of Shares | Stock Symbol | Percentage |
| - | - | - | - |
| Stock Symbol | No. of Shares |
| MEDIC | 2,000 |
| Expiry of Lock-up | Aug 1, 2022 |
| Effective Date of Tradability of the Shares | Aug 2, 2022 |
| Other Relevant Information |
As previously announced in LN00368-2021 dated December 3, 2021, in view of Medilines Distributors Incorporated's ("MEDIC" or the "Company") compliance with the lock-up requirement of the Exchange, 2,000 common shares were subject to a lock-up period of 365 days from full payment date of such shares. In a letter dated July 25, 2022, Philippine National Bank, acting through its Trust Banking Group (the "Escrow Agent"), informed the Exchange that the lock-up period for the 2,000 MEDIC common shares owned by the above-mentioned Locked-up Shareholders will expire on August 1, 2022. In view thereof, 2,000 MEDIC common shares that were held in escrow will be eligible for trading starting on Tuesday, August 2, 2022, subject to compliance with the Exchange's rule on lodgment of securities. For your information and guidance. |
| Name | Norberto Moreno Jr. |
| Designation | Listings Department |