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This announcement is for information purposes only and is not to be construed as investment or financial advice, or advice to purchase any securities of the Company.<\/b><\/p> \n

This document is not an offer of securities for sale in the United States<\/span>, the Philippines<\/span>, Singapore<\/span> or elsewhere. The securities of the Company are not being registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States<\/span> unless registered under the Securities Act or pursuant to an exemption from such registration.<\/b><\/p> \n

There will be no public offering of the securities of the Company in the United States<\/span>, the Philippines<\/span>, Singapore<\/span> or elsewhere. No money, securities or other consideration is being solicited by this communication or the information contained herein and, if sent in response to this communication or the information contained herein, will not be accepted.<\/b><\/p> \n

The foregoing disclosure contain forward looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events.<\/b> Actual results could differ materially from those contemplated in the relevant forward looking statement and EMI gives no assurance that such forward-looking statements will prove to be correct or that such intentions will not change. This Press Release discloses important factors that could cause actual results to differ materially from EMI's expectations. All subsequent written and oral forward-looking statements attributable to EMI or persons acting on behalf of EMI are expressly qualified in their entirety by the above cautionary statements.<\/b><\/p> \n

Collection and payment of stock transaction tax ("STT") on the sale of shares of Emperador Inc. ("EMI") traded on the SGX-ST to the Philippines Bureau of Internal Revenue ("BIR")<\/i><\/b><\/p> \n

The trading of EMI's shares on the SGX-ST is subject to a STT of 0.6% of the gross selling price or gross value in money of the shares sold. The term gross selling price or gross value in money refers to the total amount of money or its equivalent which the purchaser pays the seller as consideration for the shares. STT is a final tax due on and payable by the seller of the shares, and is required to be collected by and paid to the Philippine tax authorities by the selling stockbroker on behalf of the seller. Failure by shareholders or Singapore<\/span> brokers to pay or to remit STT payable to the BIR may result in a breach of law and\/or contract.<\/p> \n

The STT payable by a selling shareholder of EMI's shares traded on the SGX-ST will be collected and withheld by his Singapore<\/span> broker on his behalf at the date of settlement of the trade. Singapore<\/span> brokers may remit the collected STT to the BIR via BDO Securities Corporation ("BDO<\/b>"), which has been appointed by EMI as the receiving and remitting agent (the "Receiving Agent<\/b>"), or may choose to remit the collected STT to the BIR via other avenues, such as through their Philippines<\/span> affiliated brokers. <\/p> \n

As of the date of this announcement, the following Singapore<\/span> brokers have been onboarded with BDO as the Receiving Agent:<\/p> \n