In relation to disclosure dated August 15, 2022 on Mr. Fernando Zobel de Ayala's medical leave of absence as Vice-Chairman of Board of Directors and President, informed that Mr. Zobel de Ayala tendered his resignation from Board and from the aforementioned positions effective immediately to allow him to focus more on his recovery and health. Board will elect his replacement as director in due course. As disclosed on August 15, 2022, Board has elected Mr. Cezar P. Consing as Acting President following the medical leave of absence of Mr. Zobel de Ayala.