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Phoenix Petroleum Philippines, Inc.PNX

CMIC Form 2 - Reply to Inquiry on: Unusual Price Movement Reference: Article XI-A, Section 5 of the CMIC Rules

Date of Report	Oct 3, 2023

Subject
Inquiry to Unusual Price Movement of PNX4 shares dated 03 October 2023
Background/Description of the Disclosure
We write in response to your letter dated 03 October 2023 in relation to the unusual price movement in the trading of P-H-O-E-N-I-X PETROLEUM PHILIPPINES, INC. (“the Company”) NON-VOTING PERPETUAL PREFERRED SHARES SERIES 4 (“PNX4”) shares at 1:32:02 PM of 03 October 2023 from Php220.00 to Php330.00 per share. Insofar as the Company is concerned, we have no knowledge or information, material, relevant or otherwise, on the reason or causes of the unusual price movement of PNX4 that occurred at 1:32:02 PM on 03 October 2023. Should we obtain any information in relation to this movement, we shall disclose and communicate the same with your office or the Exchange Thank you and best regards.

Filed on behalf by:

Name	Rosalio II Roque
Designation	Legal Manager