Megaworld Issues Stock Options

Manila—(PHStocks)—Megaworld Corporation (PSE: MEG) has issued stock options to qualified employees of the Company and its subsidiaries, giving them the right to subscribe to a total of 190 million common shares of the Company at the exercise price of PhP1.773054 per share.

The Options, which were issued under the Company’s Employee Stock Option Plan, shall generally vest on the 60thbirthday of the Option Holder and may be exercised until the date of his retirement from the Company and/or its subsidiary.