MRC Allied, Inc.: Debt-to-Equity Conversion - Release of Shares under Lock-Up

NOTICE

Subject	MRC Allied, Inc.: Debt-to-Equity Conversion - Release of Shares under Lock-Up
Company Name	MRC Allied, Inc.

Security Details

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

Reference(s)	LN00180-2021 dated August 11, 2021
Type of Transaction(s)	Debt-to-Equity Conversion

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	Philippine Depository & Trust Corp.
Date of Execution of Escrow Agreement	Aug 2, 2021

Details of the Mandatory Lock-up

Name of Shareholder	No. of Shares	Stock Symbol	Percentage
Menlo Capital Corporation	4,387,658,975	MRC	51.54

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
MRC	4,387,658,975

Expiry of Lock-up	Feb 9, 2022
Effective Date of Tradability of the Shares	Feb 10, 2022

Other Relevant Information

As previously announced in LN00180-2021 dated August 11, 2021, in view of MRC Allied, Inc. ("MRC" or the "Company") compliance with the lock-up requirement of the Exchange, 4,387,658,975 common shares were subject to a lock-up period of 180 days from listing date. In a letter dated January 31, 2022, Philippine Depository & Trust Corp. (the "Escrow Agent") informed the Exchange that the lock-up period for the 4,387,658,975 MRC common shares owned by Menlo Capital Corp. will expire on February 9, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent and the above-mentioned shareholders on August 2, 2021. In view thereof, the following MRC common shares that were held in escrow will be eligible for trading on February 10, 2022, subject to the Company's compliance with the Exchange's Rules on Lodgment of Securities. For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department