LoRENZO

SHIPPING CORPORATION

Wecarry. Wemove. Wedeliver.

27 March 2019

The Capital Markets Integrity Corporation

10th Floor, Philippine Stock Exchange Tower
28th Street corner 5th Avenue
Bonifacio Global City, Taguig City

Attention: Ms. Grace M. Calubaquib

Assistant Vice President & Head,
Surveillance Department

Re: Lorenzo Shipping Corporation

Gentlemen:

We respond to the inquiry of The Capital Markets Integrity Corporation

("CMIC") on the unusual price movement in the trading of Lorenzo Shipping
Corporation ("LSC") shares on 27 March 2019. A portion of the
background/ description of the CMIC's inquiry is quoted below:

"The share price of LSC increased from PhPO.97to PhP1.45 per share."

Based on discussions with the management of LSC,please be advised that LSC is

not aware of any information relating to the unusual price movement in the trading of
LSC shares on 27 March 2019 in the Philippine Stock Exchange.

C. CABRERA, JR.
CO p rate Secretary

20/F Times Plaza Bldg., United Nations corner Taft Avenues, Ermita, Manila, 1000 Philippines
Telephone No. (632) 567.2180' Fax Nos. (632) 567.2006 I 567.2031
Website: http://www.lorenzoshipping.com
REPUBLIC OF THE PHILIPPINES)
MAKATI CITY ) S.S.

SUBSCRIBED AND SWORN to before me this 27thday of March 2019 in Makati

City, affiant exhibiting to me his Passport No. P0055009A issu st 2016 at
DFA NCR South and his Social Security System Card No. 03-92

Doc. No.
FELlPP MART E. CLOSA
Page No. Notary P blic for Makati City
Book No. Appointment No. M-195
UntU 31 December 2020
Series of 2019. 5/F SGV II Building,
6758 Ayala Avenue, Makati City
RoU of Artornevs No. 58673
PT~ No. 7333573 I Makati 1 03 January 2019
IBP No, 057614 I Batangas 120 December 20U!
MeL£ Compliance No. VI-OOl70341
Pasi~ Citvl 211December 2018

20/F Times Plaza Bldg" United Nations corner Taft Avenues, Ermita, Manila, 1000 Philippines
Telephone No. (632) 567.2180· Fax Nos, (632) 567,20061567,2031
Website: http://www.lorenzoshipping.com