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The new logo symbolizes the powerful convergence of PLDT and Smart, combining fixed and wireless technologies to serve individual and enterprise customers.

This relates to our disclosure on May 30, 2016 regarding the acquisition by PLDT and Globe Telecom, Inc. (“Globe”), on a 50-50 basis, of the entire issued and outstanding capital of: (a) Vega Telecom, Inc. (“VTI”), which holds the telecommunications assets of San Miguel Corporation (“SMC”) through its subsidiaries, (b) Bow Arken Holding Company, parent company of New Century Telecoms, Inc., and (c) Brightshare Holdings, Inc., parent company of eTelco, Inc., which separately hold additional spectrum frequencies through their respective subsidiaries (respectively, the “VTI Transaction”, “Bow Arken Transaction and “Brightshare Transaction” and, collectively, the “Transactions”). On the same date, the parties to the Transactions submitted separate notices of each of the Transactions (respectively, the “VTI Notice”, the “Bow Arken Notice” and the “Brightshare Notice” and, collectively, the “Notices”) to the Philippine Competition Commission (the “Commission”) pursuant to the Philippine Competition Act (the “PCA”), and Circular No. 16-001 and Circular No. 16-002 issued by the Commission (the “Circulars”). As stated in the Notices, upon receipt by the Commission thereof, each of the Transactions shall be deemed approved in accordance with the Circulars.