AbaCore

CAPITAL HOLDINGS, INC.

No. 28 N. Domingo St., near corner Gilmore St., New Manila, Quezon City
Tel. Nos. 724-3759 / 725-7875 / 724-5055; Fax No. 724-3290

25 July 2019

THE DISCLOSURE DEPARTMENT

The Philippine Stock Exchange, Inc.
3rd Floor Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City

ATTENTION: JANET A. ENCARNACION

Head, Disclosure Department

Dear Ms. Encarnacion:

The Board of Directors of Abacore Capital Holdings, Inc. (ABA) has approved
during its July 25, 2019 regular board meeting the following:

1. The issuance of an additional 1.8 Billion shares, at par of P1.00 per share, to fully issue
and subscribe the entire Authorized Capital Stock of the Corporation amounting to 5
billion shares. This is just an authority by the Board to issue the shares. Details on the
subscriber and terms and conditions are not yet available.

2. To authorize ABA Chair and/or President to invest in the following Ventures for ABA
to have not only capital gains, but long term recurring income:

a. Acquire through stock swap 33% of proposed joint venture company with the Frabelle
Group to set up food terminal facilities capitalized at P2.3 Billion;

b. Acquire 30% of a logistics / food handling company with Subic Grains capitalized at
P2 Billion, and

c. Invest through its wholly owned subsidiary Omnilines Energy International Netowrk,
Inc. P112.5 Million to have 12% ownership of a cement company.

3. To authorize the Chairman and/or the President to sign the contracts and execute all
documents for the sale of properties of its subsidiaries, Omnilines Energy International
Netowrk, Inc., Omnicor Industrial Estate & Realty Center, Inc & Haves Insurance
Management & Liability Agency, Inc, that will generate for ABA profits of
approximately P360 Million after taxes.

For the information of the Exchange, the Trading Participants and the investing public.

Very truly yours,

VICENTE RAFAEL L. ROSALES

Corporate Secretary