AC Energy Corporation: Share-for-Share Swap Transaction - Release of Shares under Lock-Up

NOTICE

Subject	AC Energy Corporation: Share-for-Share Swap Transaction - Release of Shares under Lock-Up
Company Name	AC Energy Corporation

Security Details

Type of Security	Stock Symbol	Par Value
Common Shares	ACEN	Php 1.00

Reference(s)	LN00263-2021 dated October 20, 2021
Type of Transaction(s)	Share-for-Share Swap Transaction

Lock-up Details

Duration of Lock-up	180 days
Applicable Lock-up Rule	Article V, Part A, Section 7 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent	Rizal Commercial Banking Corporation
Date of Execution of Escrow Agreement	Oct 6, 2021

Details of the Mandatory Lock-up

Name of Shareholder	No. of Shares	Stock Symbol	Percentage
AC Energy and Infrastructure Corp.	16,685,800,533	ACEN	43.55

Details of the Voluntary Lock-up (if applicable)

Name of Shareholder	No. of Shares	Stock Symbol	Percentage
-	-	-	-

Total Shares to be Released from Lock-up

Stock Symbol	No. of Shares
ACEN	16,685,800,533

Expiry of Lock-up	Apr 20, 2022
Effective Date of Tradability of the Shares	Apr 21, 2022

Other Relevant Information

As previously announced in Listing Notice No LN00263-2021 dated October 20, 2021, in light of AC Energy Corporation's ("ACEN" or the "Company") compliance with the lock-up requirement of the Exchange, 16,685,800,533 ACEN common shares were subjected to a lock-up period of 180 days from listing date. In a letter dated April 7, 2022, Rizal Commercial Banking Corporation, through its Trust and Investments Group (the "Escrow Agent"), informed the Exchange that the lock-up period for the 16,685,800,533 ACEN common shares owned by the above-mentioned Locked-up Shareholder, will end on April 20, 2022. In view thereof, the 16,685,800,533 ACEN common shares that were held in escrow will be eligible for trading starting on Thursday, April 21, 2022. For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department