AgriNurture, Inc.

nd
54 National Road, Dampol 2 A, Pulilan, Bulacan 3005, Philippines
Telefax: (044)815-6340●www.ani.com.ph
Manila Office: (632) 997-2080 to 997-2083●Fax (632) 997-5184

28 January 2020

PHILIPPINE STOCK EXCHANGE

Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue,
Makati City

Attention: MS. JANET A. ENCARNACION

Head, Disclosure Department

Ms. Hannah Abigail R. De Guzman

Disclosure Department

Subject: “AgriNurture parent acquires stake in microlending bank””

Article, Philstar.com dated 28 January 2020

Gentlemen:

We refer to your correspondence dated 28 January 2020 which requested

AgriNurture, Inc. (the “Company”) to clarify or confirm the news
article, quoted hereunder, that appeared in the Philstar.com on 28
January 2020.

MANILA, Philippines — The holding company of businessman

Antonio Tiu has acquired a stake in a rural bank for his planned digital
banking and microlending to farmers.

Earthright Holdings Inc. (EHI), the parent firm of listed AgriNurture

Inc. (ANI), acquired a significant stake in Binangonan Rural Bank Inc.
(BRB).

The investment will be made via subscription to the bank’s increase in

capital and in partnership with an AusPhil Group.

The partnership will launch a full digital banking platform in the first
half aimed at providing microfinancing to farmers.
 BRB obtained an electronic money issuer (EMI) license from the
Bangko Sentral ng Pilipinas (BSP).

....

The partnership hopes to launch a borderless digital ecosystem with

major anchor partners like ANI to provide a ready market for local
produce in the e-commerce market place.

It will be launched side-by-side with the social lending platform.

Tiu said the cash-backed e-vouchers would allow farmers to buy what
they need to produce crops from accredited online merchants.

ANI will then buy back the produce for the domestic market and
credit payments to the farmers’ e-wallet for them to settle loans online
or withdraw cash from any ATM nationwide.

. . . .”

The Company confirms that its parent company, Earthright Holdings,

Inc. has acquired a stake in Binangonan Rural Bank, Inc.

We reiterate our reply to the Exchange on 3 June 2019, that part of the
inclusive growth that the Company envisions is the creation of an
ecosystem. The ecosystem will have accredited merchants, initially, it
will be the Company, its affiliates and subsidiaries. The Farmers will
purchase their agricultural products from the merchants using the
Agritoken, that will be issued by another affiliate thru a micro finance
system for rural farmers.

The creation of the ecosystem and the Agritoken shall be subject to all the
government regulatory approvals, and all matters relative thereto shall
be promptly disclosed to the Exchange and the investing public.

With our best regards,

MARICRIS CONNIE B. PUA

Corporate Secretary