Lepanto Consolidated Mining : Legal Proceedings

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Jun 10, 20222. SEC Identification Number 1013. BIR Tax Identification No. 320-000-160-2474. Exact name of issuer as specified in its charter LEPANTO CONSOLIDATED MINING COMPANY5. Province, country or other jurisdiction of incorporation Makati City, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 21st Floor, Lepanto Building, 8747 Paseo de Roxas, Makati City, PhilippinesPostal Code12268. Issuer's telephone number, including area code (632) 8815-94479. Former name or former address, if changed since last report n/a10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Class "A"	39,822,869,196
Class "B"	26,552,888,901

11. Indicate the item numbers reported herein -

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Lepanto Consolidated Mining CompanyLC PSE Disclosure Form 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Favorable Court of Appeals Decision in the case "Lepanto Consolidated Mining Company vs. N.M. Rothschild & Sons (Australia) Ltd."

Background/Description of the Disclosure

The Company initiated in 2005 a case for the declaration of nullity of hedging contracts with Rothschild on the ground that they are considered as wagering transactions under Article 2018 of the Civil Code. The RTC-Makati upheld the position of Lepanto, declaring as null and void the said hedging contracts in a decision dated February 5, 2018. Rothschild elevated the matter to the Court of Appeals and in a decision dated May 26, 2022 which Lepanto received on June 10, 2022, the Court of Appeals affirmed in toto the RTC Makati's decision.

Name of the court or agency in which the proceedings are pending	Court of Appeals
Date Instituted	Aug 30, 2005
Docket Number	CA-G.R. CV No. 112286

Principal Parties

Lepanto Consolidated Mining Company N.M. Rothschild & Sons (Australia) Ltd.

Nature and description of the legal proceedings

Affirmation by the Court of Appeals of the RTC-Makati's 2018 decision declaring as null and void certain hedging contracts between Lepanto and Rothschild.

The effect(s) on the Issuer's business or operations, if any

This decision has no effect on the current business or operations of Lepanto.

Other Relevant Information

n/a

Filed on behalf by:

Name	Odette Javier
Designation	Vice President and Assistant Corporate Secretary