JG Summit Subsidiary Proposes Issuance of US$ Fixed Rate Notes

Pasig—(PHStocks)—JGSH Philippines Limited, a wholly-owned offshore subsidiary of JG Summit Holdings Inc. (JG Summit, PSE: JGS) held through JG Summit Philippines Ltd, intends to issue, subject to market conditions, US$ fixed rate notes.

Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited and The Hongkong and Shanghai Banking Corporation Limited (HSBC) have been engaged as joint bookrunners and joint lead managers for the proposed unrated Regulation S offering of the Notes.

It is proposed that the company act as the guarantor of the notes. The Board of Directors of the company has authorized its management to determine the extent of its participation as a guarantor as well as to finalize the terms and conditions of such guarantee.

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