LBC Express, Inc. announced that in meeting of the Board of Directors of the company held on 26 October 2015, the Board of Directors accepted and confirmed the resignation of the directors and officers of the Company who had tendered their resignation, effective as of the date their respective replacements are elected: Mr. Santiago G. Araneta - Director, Chairman of the Board and Chief Executive Officer and Mr. Fernando G. Araneta - Director. Following the acceptance of the foregoing resignations, the following individuals who had been declared qualified by the Nominations Committee, were nominated and elected as directors and officers of the company, as the case may be, effective 26 October 2015, to serve for the unexpired term of their predecessors: Mr. Enrique V. Rey - Director. Mr. Rene E. Fuentes - Director and Mr. Miguel Angel A. Camahort - Chairman of the Board and Chief Executive Officer.

In meeting of the Board of Directors of the company held on 26 October 2015, Mr. Santiago G. Araneta tendered his resignation as a Member of the Nominations Committee, effective upon the appointment of his replacement. Mr. Enrique V. Rey, who had been declared qualified by the Nominations Committee, was nominated and appointed as a Member of the Nominations Committee, effective 26 October 2015, to serve for the unexpired term of his predecessor.