Century Pacific IPO Named Deal Of The Year

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The Initial Public Offering (IPO) of Century Pacific Food, Inc. was named the
Philippines’ 2014 Deal of the Year at The Asset’s Triple A Awards.

Century Pacific Food, Inc, the company behind household brands Century Tuna,
Argentina Corned Beef, 555 Sardines, Angel, and Birch Tree, debuted on the
local stock market last May 6 under the trading symbol CNPF.

“It was a great honor and pleasure to advise and assist Century Pacific on its
IPO. It is gratifying to see how successful it was and that this was recognized by
the prestigious Asset Magazine as one of its deals for the year,” said Stephen
CuUnjieng, Chairman of Evercore Asia which acted as exclusive financial adviser
to Century Pacific.

The IPO was 3.5 times oversubscribed and allowed CNPF to raise Php3.2 billion

via the sale of 230 million shares at Php13.75 apiece.

Singapore’s sovereign wealth fund, through Arran Investment Private Ltd, also
extended to parent company, Century Canning Corporation, a Php3.4 billion loan
convertible to 250 million issued and outstanding shares of CNPF.

Arran Investment Private Ltd is an affiliate of GIC Private Ltd, one of the world’s
largest fund management companies with Assets under Management of over
$100 billion.

First Metro Investment Corp President Roberto Juanchito Dispo said the deal
was a winner from the start.

“It had all the right ingredients for a successful IPO – a solid and viable business
model, top notch management, and strategic growth direction.”

“The award is really just icing on the cake as delighting customers with
consistently good products has always been Century’s strength,”” Eduardo
Francisco, President of BDO Capital & Investment, added.

For his part, Reggie Cariaso, BPI Capital’s Chief Operating Officer, said, “We are
very pleased to have helped support Century Pacific in their first foray into the
capital markets. We look forward to working on many future transactions with
them.”

BPI Capital, BDO Capital, and First Metro Investment Corporation served as joint
lead underwriters for the transaction.

The Asset’s Triple A Awards are Asia’s defining recognition for excellence in the
finance industry. The reputation has been built upon the stringent methodology,
combined with the rigorous approach in the selection of winners. The awards are
adjudicated by The Asset’s board of editors who collectively have several
decades’ worth of evaluating industry awards in Asia.

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