The 2022 Annual Meeting of the Stockholders of San Miguel Food and Beverage, Inc. (the “Company”) will be held on June 1, 2022,Wednesday, at 2:00 P.M. As unanimously approved by the Board of Directors at its meeting on March 9, 2022, the Company will not hold a physical meeting. The meeting will be conducted virtually and streamed live through https://www.smfb.com.ph/stockholdersmeeting_2022. Stockholders can therefore only attend the meeting by remote communication, by voting through the sending of ballots, or the appointment of a proxy.

The Agenda of the meeting is as follows:

1. Certification of Notice and Quorum
2. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 2, 2021
3. Presentation of the Annual Report and Approval of the 2021 Audited Financial Statements
4. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers
5. Appointment of External Auditor for 2022
6. Election of the Board of Directors
7. Other Matters
8. Adjournment

The Company’s Definitive Information Statement (SEC Form 20-IS or DIS) with its annexes, including Management’s Discussion and Analysis of Financial Position and Financial Performance and 2021 Audited Consolidated Financial Statements, may be accessed through http://www.smfb.com.ph/disclosures/l/information-statements--sec-form-20-is-, as well as at PSE Edge. The Company will post its interim unaudited financial statements for the first quarter of 2022 on SEC Form 17-Q at PSE Edge and on its website at the link:  http://www.smfb.com.ph/disclosures/l/quarterly-reports--sec-form-17-q- on May 15, 2022.

The rationale and explanation of each relevant Agenda item requiring shareholder approval may be found in Appendix 1 of the Notice attached to the DIS. The Company’s dividend policy, a draft of the minutes of the annual stockholders’ meeting for approval, as well as acts and resolutions of the Board of Directors from June 2, 2021may likewise be found in the DIS. Questions and comments must be submitted either in advance or during the meeting by email to [email protected].

Votes will be cast through ballots or proxies. The deadline for submission of ballots and proxies is on May 18, 2022.  A sample of a ballot/proxy is available for download at http://www.smfb.com.ph/disclosures/l/notice-of-annual-and-special-stockholders--meetings. For an individual, your ballot or proxy must be accompanied by a valid government-issued ID with a photo.  For a corporation, your proxy must be accompanied by a Corporate Secretary’s certification setting the representative’s authority to represent the corporation in the meeting. Ballots and proxies may be sent through email at [email protected] or by mail to the office of SMC Stock Transfer Service Corporation (STSC) at the 2^nd Floor, SMC Head Office Complex, 40 San Miguel Avenue, Mandaluyong City 1550. Proxies need not be notarized. Validation of proxies will be on May 25, 2022 at 10:00 a.m. at the above office of STSC. Only the stockholders attending through proxies or who have submitted ballots, all of whom have been validated to be stockholders of record of the Company as of May 2, 2022 will be considered in computing stockholder attendance at the meeting and in determining quorum.

The Company’s 2021 Annual Report (SEC Form 17-A) is available for download at http://www.smfb.com.ph/disclosures/l/annual-reports--sec-form-17-a-, as well as at PSE Edge.  Upon the written request of a stockholder, the Company will provide the stockholder a copy of such Annual Report, DIS with annexes, and/or 2022 first quarter report, free of charge. 

(Sgd.)

Alexandra Bengson Trillana

Corporate Secretary