Liberty Telecoms Holdings, Inc. (LIB) Tender Offer

Aug 25, 2016

Please be advised that Liberty Telecoms Holdings, Inc. (LIB) has filed a Petition for Voluntary Delisting of LIB shares from the Philippine Stock Exchange, Inc. (PSE). As such, Vega Telecom, Inc. (the Bidder) is making a Tender Offer for up to 165,883,221 common shares in the capital stock of LIB held by the public or minority shareholders, representing approximately 12.82% of the issued and outstanding common stock of the Company.

Shareholders are reminded that should they decide not to tender their shares and the Company is subsequently delisted, they will remain stockholders of the Company; however, should they decide to sell their shares after the Company is delisted, such sale will be subject to capital gains tax and documentary stamp tax instead of the current stock transaction tax due on shares sold through the PSE. Shareholders are therefore encouraged to carefully consider their decisions.

Offering terms are as follows:

Offer price: P2.20/share
Cross date: Sept. 28, 2016
Settlement date: Oct. 3, 2016
Deadline of submission to FMSBC: Sept. 19, 2016
Tentative date of Delisting from PSE: Oct. 31, 2016

**Any stock transaction tax, brokers commission, PSE fees, SEC fees, and any other fees or costs relating to the sale of the Tender Offer Shares, shall be for the account of the Seller and shall be deducted from the proceeds of the sale.**

Please log on to your FMSBC online account to view your number of shares to be tendered. Please note that all replies must be submitted on or before 3pm, 19 September 2016.