SMC SEEKS SUSPENSION OF ITS PREFERRED SHARES

Diversified conglomerate San Miguel Corp has sought the trading suspension of one of the issuances of its preferred shares due to forthcoming redemption of the said shares which were issued to fund its business expansion plans that include the construction of several infra projects aimed at benefitting the country's economy.

In a disclosure to the Philippine Stock Exchange, SMC said it is seeking the trading suspension In connection with the redemption of the SMC2G Shares, as approved by the Board of Directors on March 11, 2021, and disclosed to the Exchange on the same day,

San Miguel Corporation (the “Company”) requests the Exchange for the suspension of trading of the Sixty Six Million Six Hundred Sixty-Six Thousand Six Hundred (66,666,600) SMC2G preferred shares (“SMC2G” Shares) from March 15 to 30, 2021.

"The record date for the redemption of the SMC2G Shares is March 18, 2021. In order to give the Company the opportunity to process the payment of the proceeds from the redemption of the SMC2G Shares to the stockholders of record, the Company requests that the trading of SMC2G Shares be suspended beginning March 15, 2021, which is the ex-date," the disclosure said.

Bondholders were requested to contact the following should they have any questions or require additional information relating to the request for trading suspension: Atty. Virgilio S. Jacinto (02) 8632-3144 vjacinto@sanmiguel.com.ph Atty. Mary Rose S. Tan (02) 8632-2818 mrtan@sanmiguel.com.ph Mr. Enrique Ll. Yusing

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