PRESS RELEASE

Issue date: October 2, 2020

Changes in the board of Lopez Holdings Corporation

Lopez Holdings Corporation chairman emeritus Oscar M. Lopez and vice chairman Eugenio
Lopez III tendered their respective resignations today, October 2, 2020, citing personal reasons.
They served as directors of the corporation since inception.

The board of directors thanked them for their tremendous contribution to Lopez Holdings for
27 years.

At their organizational meeting that followed the annual meeting of shareholders, the
remaining directors filled the vacated seats by electing First Philippine Holdings Corporation
(FPH) chairman Federico R. Lopez and ABS-CBN Corporation chairman Martin L. Lopez. FPH and
ABS-CBN are major investees of the company.

Ambassador Manuel M. Lopez, chairman of the company since 2010, was elected chairman
emeritus. Federico R. Lopez, treasurer of Lopez Holdings since 2010, was elected chairman.
Martin L. Lopez was elected as vice chairman.

Miguel L. Lopez, executive vice president of Lopez Holdings, was elected as treasurer. He is also
a member of the board of directors and treasurer of Rockwell Land Corporation.

About Lopez Holdings

Lopez Holdings Corporation (PSE: LPZ) was incorporated in 1993 by the Lopez family to serve as
the holding company for investments in major development sectors. Its major investees are
publicly listed ABS-CBN Corporation (PSE: ABS, ABSP) and First Philippine Holdings Corporation
(PSE: FPH, FPHPC).

Reference
Carla Paras-Sison, ABC, APR
+632 8878 0000 ext. 2467
cpsison@lopez-holdings.ph
@cpsison on Twitter