March 8, 2022

PHILIPPINE STOCK EXCHANGE, INC.

Disclosure Department
6th Floor, PSE Tower
5th Avenue corner 28th Street
Bonifacio Global City, Taguig City

Attention: Ms.Janet A. Encarnacion

Head, Disclosure Department

PHILIPPINE DEALING & EXCHANGE CORP.

29th Floor, BDO Equitable Tower
8751 Paseo de Roxas
Makati City 1226

Attention: Atty. Marie Rose M. Magallen-Lirio

Head - Issuer Compliance and Disclosure Department

Gentlemen:

The Board of Directors, during its Regular Board Meeting held today, approved
the following items:

A. 2021 Audited Financial Statements of the Company showing that the

Company posted a net income of P6.14 Billion;

B. Approval of directors’ fees for 2022

C. Endorsement of the re-appointment of R. G. Manabat & Co./KPMG as

external auditor of the Company for 2022 at the annual stockholders’
meeting scheduled on May 17, 2022 and approval of its fees for the review
of 2022 financial statements of the Company and its subsidiaries

D. Annual Stockholders’ Meeting, with details attached

Date of meeting : May 17, 2022, Tuesday, 2:00 pm

Venue : To be livestreamed via a streaming site
Record Date : March 22, 2022
Closing of Books : March 22-29, 2022
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E. Appointment of the following officers:

1. Mr. Mark Tristan D. Caparas – Vice President, Petron Malaysia CFO

2. Mr. Jonathan F. Del Rosario – Assistant Vice President, Metro Manila
and Manufacturing District
3. Ms. Mia S. Delos Reyes – Assistant Vice President, Corporate Affairs
4. Mr. Brian R. Ocampo – Assistant Vice President, Management
Information Systems
5. Mr. Alejandro R. Romulo – Assistant Vice President, PBR Technical
Services
6. Atty. Jhoanna Jasmine M. Javier-Elacio – OIC General Counsel,
Corporate Secretary and Compliance Officer*
7. Atty. Marian Wilma H. Bautista – Assistant Corporate Secretary*

* Effective April 1, 2022

Very truly yours,

JOEL ANGELO C. CRUZ

VP - General Counsel &
Corporate Secretary
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ANNUAL STOCKHOLDERS’ MEETING

PETRON CORPORATION
May 17, 2022, Tuesday, 2:00 PM
To be livestreamed via a streaming site

1) Call to Order

2) Report on Attendance and Quorum

3) Review and Approval of the Minutes of the Previous Annual Stockholders’

Meeting

4) Management Report and Submission to the Stockholders of the Financial

Statements for the Year 2021

5) Ratification of All Acts of the Board of Directors and Management Since the Last
Stockholders’ Meeting in the Year 2021

6) Appointment of External Auditor and Ratification of External Auditor’s Fee

7) Election of the Board of Directors for the Ensuing Term

8) Ratification of Directors’ Fees

9) Other Matters

10) Adjournment

JOEL ANGELO C. CRUZ

Corporate Secretary