SPH TENDER OFFER

Please be advised that Splash Corporation (the Company) has filed a Petition for Voluntary Delisting of the SPH shares from the Philippine Stock Exchange, Inc. (PSE). As such, the Company intends to conduct a Tender Offer to buy back all of the 158,449,271 publicly-owned common shares representing approximately 26.66% of the Company's issued and outstanding common stock.

"Shareholders are reminded that should they decide not to tender their shares and the Company is subsequently delisted, they will remain stockholders of the Company; however, should they decide to sell their shares after the Company is delisted, such sale will be subject to capital gains tax and documentary stamp tax instead of the current stock transaction tax due on shares sold through the PSE.  Shareholders are therefore encouraged to carefully consider their decisions."

Offering terms are as follows:

                    Price:  P3.10/share
                    Cross Date: Sept. 27, 2016
                    Settlement Date: Sept. 30, 2016
                    Deadline of submission to FMSBC: Sept. 16, 2016
                        
Tentative date of Delisting from PSE: Oct.7,2016

Please log on to your FMSBC online account to view your number of shares to be tendered. Please note that all replies must be submitted on or before 3pm, 16 September 2016.