The offering information on this Web site is intended to be available only to Philippine and non Philippine citizens residing in the Philippines or corporations or judicial entities organized and existing under Philippine law, and is not intended for distribution outside the Philippines. Any forwarding, distribution, publication or reproduction of any information in whole or in part or disclosure of any information herein or any use of such information for any other purpose is unauthorized. Failure to comply with this directive may result in a violation of the securities laws of applicable jurisdictions. Nothing in this Web site constitutes an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction where it is unlawful to do so.

The information contained in this Web site may not be published or distributed, directly or indirectly, in the United States and this information does not constitute an offer of Offer Shares for sale in the United States. The Offer Shares described in the draft prospectus have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, into the United States unless the Offer Shares are so registered or an exemption from the U.S. registration requirements is available. There will be no public offer of the Offer Shares mentioned herein in the United States.

The prospectus is being displayed in the website to make the prospectus accessible to more investors. The PSE assumes no responsibility for the correctness of any of the statements made or opinions or reports expressed in the Prospectus. Furthermore, the Stock Exchange makes no representation as to the completeness of the Prospectus and disclaims any liability whatsoever for any loss arising from or in reliance in whole or in part on the contents of the Prospectus.


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