Figaro Coffee Group, Inc.: Initial Public Offering - Release of Shares under Lock-Up

NOTICE

Subject	Figaro Coffee Group, Inc.: Initial Public Offering - Release of Shares under Lock-Up
Company Name	Figaro Coffee Group, Inc.

Security Details

Type of Security	Stock Symbol	Par Value
Common Shares	FCG	Php 0.10

Reference(s)	LN00023-2022 dated January 20, 2022
Type of Transaction(s)	Initial Public Offering

Lock-up Details

Duration of Lock-up	365 days
Applicable Lock-up Rule	Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent	PNB acting through its Trust Banking Group
Date of Execution of Escrow Agreement	Dec 22, 2021

Details of the Mandatory Lock-up

Name of Shareholder	No. of Shares	Stock Symbol	Percentage
Corazon P. Guidote	1	FCG	-
Senen L. Matoto	1	FCG	-
Hector Villanueva	1	FCG	-

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
FCG	3

Expiry of Lock-up	Jul 25, 2022
Effective Date of Tradability of the Shares	Jul 26, 2022

Other Relevant Information

As previously announced in Listing Notice No. LN00023-2022 dated January 20, 2022, in light of Figaro Coffee Group, Inc.'s ("FCG" or the "Company") compliance with the lock-up requirement of the Exchange, three (3) FCG common shares were subject to a lock-up period of 365 days from the full payment of shares. In a letter dated July 14, 2022, Philippine National Bank, acting through its Trust Banking Group (the "Escrow Agent"), informed the Exchange that the lock-up period for the three (3) FCG common shares owned by the above-mentioned Locked-up Shareholder, will expire on July 25, 2022. In view thereof, the three (3) FCG common shares that were held in escrow will be eligible for trading starting on Tuesday, July 26, 2022. For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department