CEBU Air Inc.

22/07/2024 | Press release | Distributed by Public on 22/07/2024 09:00

Clarification of News Reports

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported) Jul 22, 20242. SEC Identification Number 1546753. BIR Tax Identification No. 948-229-0004. Exact name of issuer as specified in its charter CEBU AIR, INC.5. Province, country or other jurisdiction of incorporation Cebu City, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office Basement 2 - R 01 - 02, Robinsons Galleria Cebu, General Maxilom corner S. Osmena Boulevard, Barangay Tejera, Cebu CityPostal Code60008. Issuer's telephone number, including area code 099904084369. Former name or former address, if changed since last report LLevel 4 Unit 4030-4031, Robinsons Galleria Cebu, General Maxilom Avenue cor. Sergio Osmena Boulevard, Cebu City10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 624,436,133
Convertible Preferred 309,471,601
11. Indicate the item numbers reported herein 10

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cebu Air, Inc.CEB

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Cebu Air, Inc. ("CEB") responds to the Philippine Stock Exchange's (the "Exchange") query made on July 22, 2024

Source philSTAR.com
Subject of News Report "Cebu Pacific in talks to acquire AirSWIFT"
Date of Publication Jul 22, 2024
Clarification of News Report

We write in connection with the article entitled "Cebu Pacific in talks to acquire AirSWIFT"" posted on philSTAR.com on July 22, 2024 which reported that:

"MANILA, Philippines - The Gokongweis and the Ayalas are in talks for yet another major deal, this time for Cebu Pacific's acquisition of boutique airline AirSWIFT from the Ayala Group's property arm Ayala Land Inc. (ALI), industry sources told The STAR.

The budget carrier's acquisition of AirSWIFT, which may be sealed in two months barring any headwinds, is seen boosting domestic tourism especially in the coastal town of El Nido in Palawan, which is famous for its white sand beaches, emerald waters and limestone cliffs.

"The deal may be closed in two months or earlier," an industry source said, adding that it is a win-win for both the Gokongwei and Ayala conglomerates.
. . . ."
Cebu Pacific (CEB) is always on the lookout for opportunities to grow and expand its network, including partnership with other parties.

We confirm that CEB is currently engaged in exploratory talks with Ayala Land Inc. but nothing definitive has been agreed upon.

CEB's track record of success means other businesses do prefer partnering with Cebu Pacific when it comes to aviation initiatives.

Should any opportunity move from a proposal to a firm business undertaking, we will make the proper disclosures. We also endeavor that whatever business proposals we carefully evaluate, we never let it become a distraction to our core business.

We hope this clarifies the above-mentioned news article.

Other Relevant Information

CEB submits this disclosure in response to the Exchange's correspondence dated July 22, 2024, which requested clarification and/or confirmation of the mentioned news article.

Filed on behalf by:
Name Anne Romadine Tieng
Designation General Counsel and Corporate Secretary