Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Luis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 02/28/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 650,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Luis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 3/31/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 650,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Luis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 4/30/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 650,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Luis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 5/31/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 655,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Luis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 6/30/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 655,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 7/31/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 655,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 8/31/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 655,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214 7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000 0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311 18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 9/30/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 655,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 10/31/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 655,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214 7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000 0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311 18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 11/30/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 655,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.56% 75,193,750 75,193,750

Sub-total 454,343,311

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 498,552,525

Total Number of Shares Owned by the Public 56,089,726

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 12/31/2014

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

56,089,726 shares 10.11%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 655,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 1/31/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 675,251

Foreign Ownership Level (%) = 0.12%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 3/31/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 711,001

Foreign Ownership Level (%) = 0.13%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 4/30/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 730,751

Foreign Ownership Level (%) = 0.13%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 5/31/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 775,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Ms. Edna F. Mendiola, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 6/30/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 775,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Mr. Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 7/31/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 775,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Mr. Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 8/31/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 795,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Mr. Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 9/30/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 795,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Mr. Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 10/31/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 795,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Mr. Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Mr. Dino C. Diaz, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Mr. Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Mr. Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Mr. Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 11/30/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 795,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Edna F. Mendiola, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 12/31/2015

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 795,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Edna F. Mendiola, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 1/31/2016

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 795,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Edna F. Mendiola, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 2/29/2016

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 795,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251

Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251

Less:

% to total Number

I/O Shares of Shares

Directors

Julio O. Sy, Sr.

Direct

Indirect (thru________) 7.71% 42,744,511

Deogracias Vistan

Direct 0.00% 3,750

Indirect (thru________)

Michael Escaler

Direct 0.04% 241,250

Indirect (thru________)

Doris Teresa M. Ho

Direct 0.00% 1

Indirect (thru________)

Antony Louis Marden

Direct 0.00% 1

Indirect (thru________)

Roberto A. Umali

Direct

Indirect (thru________) 0.21% 1,188,701

Edgardo A. Bautista

Direct

Indirect (thru________) 0.00% 1,000

Sub-total 44,179,214

7.75%

Officers

Arsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000

Indirect (thru________)

Jay R. Olivarez, Chief Operating Officer

Direct 0.00% -

Indirect (thru________)

Edna F. Mendiola, Compliance Officer

Direct 0.00% -

Indirect (thru________)

Romeo S. Ruedas, VP-Finance

Direct 0.00% -

Indirect (thru________)

Felicisimo Saldana, VP-Operations

Direct 0.00% -

Indirect (thru________)

Edralin Manapsal, VP-Marketing

Direct 0.00% -

Indirect (thru________)

Sub-total 30,000

0.01%

Principal Stockholders

NATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756

Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCE

Direct 0.00% -

Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361

18.50%

Affiliates: 0.00% -

Sub-total -

Others: 0.00% -

Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATION

Computation of Public Ownership as of 3/31/2016

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the Public

Total Issued and Outstanding Shares

57,450,676 shares 10.36%

554,642,251 shares

Required Public Ownership % = 10%

/

Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251

Number of Treasury Shares = 1,010,000

Number of Listed Shares = 555,652,251

Number of Foreign-Owned Shares = 795,501

Foreign Ownership Level (%) = 0.14%

Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251 Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251 Less:

% to total Number I/O Shares of Shares

DirectorsJulio O. Sy, Sr.

DirectIndirect (thru________) 7.71% 42,744,511

Deogracias Vistan Direct 0.00% 3,750 Indirect (thru________)

Michael EscalerDirect 0.04% 241,250 Indirect (thru________)

Doris Teresa M. HoDirect 0.00% 1 Indirect (thru________)

Antony Louis MardenDirect 0.00% 1 Indirect (thru________)

LORENZO SHIPPING CORPORATIONComputation of Public Ownership as of 4/30/2016

Indirect (thru________)Roberto A. Umali

DirectIndirect (thru________) 0.21% 1,188,701

Edgardo A. BautistaDirectIndirect (thru________) 0.00% 1,000

Sub-total 44,179,214 7.75%

OfficersArsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000 Indirect (thru________)

Jay R. Olivarez, Chief Operating OfficerDirect 0.00% - Indirect (thru________)

Edna F. Mendiola, Compliance OfficerDirect 0.00% - Indirect (thru________)

Romeo S. Ruedas, Chief Finance OfficerDirect 0.00% - Indirect (thru________)

Roland J. Portes, Head of OperationsDirect 0.00% - Indirect (thru________)

Edralin Manapsal, VP-Sales and MarketingDirect 0.00% - Indirect (thru________)

Sub-total 30,000 0.01%

Principal StockholdersPrincipal StockholdersNATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCEDirect 0.00% - Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361 18.50%

Affiliates: 0.00% - Sub-total -

Others: 0.00% - Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the PublicTotal Issued and Outstanding Shares

57,450,676 shares 10.36%554,642,251 shares

Required Public Ownership % = 10%

/Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251 Number of Treasury Shares = 1,010,000 Number of Listed Shares = 555,652,251 Number of Foreign-Owned Shares = 795,501 Foreign Ownership Level (%) = 0.14%Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251 Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251 Less:

% to total Number I/O Shares of Shares

DirectorsJulio O. Sy, Sr.

DirectIndirect (thru________) 7.71% 42,744,511

Deogracias Vistan Direct 0.00% 3,750 Indirect (thru________)

Michael EscalerDirect 0.04% 241,250 Indirect (thru________)

Doris Teresa M. HoDirect 0.00% 1 Indirect (thru________)

Antony Louis MardenDirect 0.00% 1 Indirect (thru________)

Roberto A. UmaliDirectIndirect (thru________) 0.21% 1,188,701

Edgardo A. BautistaDirectIndirect (thru________) 0.00% 1,000

Sub-total 44,179,214 7.75%

LORENZO SHIPPING CORPORATIONComputation of Public Ownership as of 5/31/2016

7.75%Officers

Arsenio Cabrera, Corporate SecretaryDirect 0.01% 30,000 Indirect (thru________)

Jay R. Olivarez, Chief Operating OfficerDirect 0.00% - Indirect (thru________)

Edna F. Mendiola, Compliance OfficerDirect 0.00% - Indirect (thru________)

Romeo S. Ruedas, Chief Finance OfficerDirect 0.00% - Indirect (thru________)

Roland J. Portes, Head of OperationsDirect 0.00% - Indirect (thru________)

Edralin Manapsal, VP-MarketingDirect 0.00% - Indirect (thru________)

Sub-total 30,000 0.01%

Principal StockholdersNATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCEDirect 0.00% - Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361 18.50%

Affiliates: 0.00% - Sub-total -

Others: 0.00% - Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the PublicTotal Issued and Outstanding Shares

57,450,676 shares 10.36%554,642,251 shares

Required Public Ownership % = 10%

/Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251 Number of Treasury Shares = 1,010,000 Number of Listed Shares = 555,652,251 Number of Foreign-Owned Shares = 775,501 Foreign Ownership Level (%) = 0.14%Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251 Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251 Less:

% to total Number I/O Shares of Shares

DirectorsJulio O. Sy, Sr.

DirectIndirect (thru________) 7.71% 42,744,511

Deogracias Vistan Direct 0.00% 3,750 Indirect (thru________)

Michael EscalerDirect 0.04% 241,250 Indirect (thru________)

Doris Teresa M. HoDirect 0.00% 1 Indirect (thru________)

Antony Louis MardenDirect 0.00% 1 Indirect (thru________)

Roberto A. UmaliDirectIndirect (thru________) 0.21% 1,188,701

Edgardo A. BautistaDirectIndirect (thru________) 0.00% 1,000

Sub-total 44,179,214 7.75%

OfficersArsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000 Indirect (thru________)

Jay R. Olivarez, Chief Operating OfficerDirect 0.00% - Indirect (thru________)

Edna F. Mendiola, Compliance OfficerDirect 0.00% - Indirect (thru________)

Romeo S. Ruedas, Chief Finance OfficerDirect 0.00% - Indirect (thru________)

Roland J. Portes, Head of OperationsDirect 0.00% - Indirect (thru________)

Edralin Manapsal, VP-MarketingDirect 0.00% - Indirect (thru________)

Sub-total 30,000 0.01%

Principal StockholdersNATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCEDirect 0.00% - Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361 18.50%

Affiliates: 0.00% - Sub-total -

Others: 0.00% - Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATIONComputation of Public Ownership as of 6/30/2016

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the PublicTotal Issued and Outstanding Shares

57,450,676 shares 10.36%554,642,251 shares

Required Public Ownership % = 10%

/Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251 Number of Treasury Shares = 1,010,000 Number of Listed Shares = 555,652,251 Number of Foreign-Owned Shares = 775,501 Foreign Ownership Level (%) = 0.14%Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251 Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251 Less:

% to total Number I/O Shares of Shares

DirectorsJulio O. Sy, Sr.

DirectIndirect (thru________) 7.71% 42,744,511

Deogracias Vistan Direct 0.00% 3,750 Indirect (thru________)

Michael EscalerDirect 0.04% 241,250 Indirect (thru________)

Doris Teresa M. HoDirect 0.00% 1 Indirect (thru________)

Antony Louis MardenDirect 0.00% 1 Indirect (thru________)

Roberto A. UmaliDirectIndirect (thru________) 0.21% 1,188,701

Edgardo A. BautistaDirectIndirect (thru________) 0.00% 1,000

Sub-total 44,179,214 7.75%

OfficersArsenio Cabrera, Corporate Secretary

Direct 0.01% 30,000 Indirect (thru________)

Jay R. Olivarez, Chief Operating OfficerDirect 0.00% - Indirect (thru________)

Edna F. Mendiola, Compliance OfficerDirect 0.00% - Indirect (thru________)

Romualdo L. Bea, Chief Finance OfficerDirect 0.00% - Indirect (thru________)

Roland J. Portes, Head of OperationsDirect 0.00% - Indirect (thru________)

Edralin Manapsal, VP-MarketingDirect 0.00% - Indirect (thru________)

Sub-total 30,000 0.01%

Principal StockholdersNATIONAL MARINE CORPORATION

Direct 49.86% 276,520,756Indirect (c/o PCD Nominee Corporation) 18.50% 102,628,805 379,149,561

PIONEER INSURANCEDirect 0.00% - Indirect (c/o PCD Nominee Corporation) 13.31% 73,832,800 73,832,800

Sub-total 452,982,361 18.50%

Affiliates: 0.00% - Sub-total -

Others: 0.00% - Sub-total - 497,191,575

Total Number of Shares Owned by the Public 57,450,676

LORENZO SHIPPING CORPORATIONComputation of Public Ownership as of 7/31/2016

PUBLIC OWNERSHIP PERCENTAGE

Total Number of Shares Owned by the PublicTotal Issued and Outstanding Shares

57,450,676 shares 10.36%554,642,251 shares

Required Public Ownership % = 10%

/Complied Not Complied

(Please check (/) the appropriate box)

Number of Issued and Outstanding = 554,642,251

Number of Outstanding Shares = 554,642,251 Number of Treasury Shares = 1,010,000 Number of Listed Shares = 555,652,251 Number of Foreign-Owned Shares = 775,501 Foreign Ownership Level (%) = 0.14%Foreign Ownership Limit (%) = 40.00%

Note: Observe the same cutt-off date

Number of Issued Shares ( Common Shares ) 555,652,251 Less: Number of Treasury Shares ( if any ) 1,010,000

Number of Outstanding Shares ( Common Shares) 554,642,251 Less:

% to total Number I/O Shares of Shares

DirectorsJulio O. Sy, Sr.

DirectIndirect (thru________) 7.71% 42,744,511

Deogracias Vistan Direct 0.00% 3,750 Indirect (thru________)

Michael EscalerDirect 0.04% 241,250 Indirect (thru________)

Doris Teresa M. HoDirect 0.00% 1 Indirect (thru________)

Antony Louis MardenDirect 0.00% 1 Indirect (thru________)

Roberto A. UmaliDirectIndirect (thru________) 0.21% 1,188,701

Edgardo A. BautistaDirectIndirect (thru________) 0.00% 1,000

Sub-total 44,179,214 7.75%

OfficersArsenio Cabrer