Philex Mining Corporation: Stock Rights Offering – Additional Listing

About this update from Philex Mining Corp.

NOTICE Subject Philex Mining Corporation: Stock Rights Offering - Additional Listing Company Name Philex Mining Corporation Security Details Type of Security Stock Symbol Par Value Common Shares PX Php1.00 Type of Transaction Stock Rights Offering Reference(s) LN00195-2022 and LN00196-2022 both dated July 8, 2022 Ratio One Rights Share for every 5.8674 common shares held as of Record Date Ex-Date Jun 24, 2022 Record Date Jun 29, 2022 Offer Price Php 3.15 Payment Terms Full Payment Summary of the SRO Results Stock Symbol No. of Rights Shares First Round PX 367,025,921 Second Round PX 278,540,861 Underwriter's Take-up (if applicable) PX 196,433,218 Date of Approval of Increase in Capital Stock (if applicable) N/A Rights Shares to be Listed Stock Symbol No. of Rights Shares to be Listed PX 842,000,000 Fully-Paid and Tradable Rights Shares Stock Symbol No. of Rights Shares PX 842,000,000 Listing Date Aug 3, 2022 Adjustments Issued Shares (if applicable) Type of Security / Stock Symbol Before After PX 4,940,399,068 5,782,399,068 Outstanding Shares (if applicable) Type of Security / Stock Symbol Before After PX 5,782,399,068 5,782,399,068 Listed Shares Type of Security / Stock Symbol Before After PX 4,940,399,068 5,782,399,068 Other Relevant Information As previously announced in Listing Notice Nos. LN00195-2022 and LN00196-2022 both dated July 8, 2022, the Exchange approved the application of Philex Mining Corporation ("PX" or the "Company") for the listing of additional 842,000,000 common shares (the "Rights Shares"), to cover the Company's 1:5.8674 Stock Rights Offering ("SRO" or the "Offer"), at an Offer Price of Php 3.15 per share. As of July 29, 2022, the Company has complied with the applicable listing requirements of the Exchange, including among others, the submission of the following: 1. Sworn Corporate Secretary's Certificate dated July 28, 2022 attesting to the following: Number of Rights Shares subscribed in the First Round: 367,025,921 Number of Rights Shares subscribed in the Second Round: 278,540,861 Number of Rights Shares taken up by the QIBs and retail buyers: 8,354,200 Number of Rights Shares taken up by the Issue Manager and Lead Underwriter and other related parties: 188,079,018 2. Sworn Corporate Secretary's Certificate certifying that the shares will be lodged with Philippine Depository & Trust Corp. ("PDTC") without any jumbo or mot...

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