Monde Nissin’s IPO Receives

Not for Publication or Distribution in the United States, European Economic Area, the United Kingdom, Canada, Japan, and Australia

MAKATI CITY, Philippines -- (BUSINESS WIRE) --

Monde Nissin Corporation (“Monde Nissin” or the “Company”) today announced it has received the Notice of Approval from the Philippine Stock Exchange (“PSE”) for its proposed initial public offering of its Common Shares (the “Offer”). The PSE approval comes one day after the Company received pre-effective approval from the Philippine Securities and Exchange Commission (“SEC”).

As previously announced, Monde Nissin plans to issue up to approximately 20% of the issued and outstanding capital stock of the Company after completion of the Offer if the overallotment option is not exercised. The Company intends to use the net proceeds from the primary offer to fund Capital Expenditure, redemption of the Arran Convertible Note, and repayment of loans to commercial banks.

MNC’s timetable of the Offer is expected to be as follows:

• Pricing Date: May 18, 2021

• Offer Period: May 24, 2021 to May 28, 2021

• Listing Date and Commencement of Trading in the      PSE: June 7, 2021

The final timing of the Offer, final offer price, final number of offer shares, and allocation of the proceeds will depend on market conditions, the circumstances surrounding the Offer, and will be subject to favorably securing the remaining necessary regulatory approvals.

Commenting on the approvals, the Company stated: “We are grateful for the PSE and SEC’s favorable consideration of our registration statement, subject to compliance with certain conditions. We are excited about the prospect of becoming a global public company and believe that Monde Nissin provides a compelling investment opportunity. We combine the stability of our Asia-Pacific Food and Beverage business and the strong positions that our noodles, crackers and baked goods have in the Philippines with the exciting growth opportunities from Quorn, which is poised to build on its loyal customers and expand its reach and product offerings to compete and win in the rapidly growing global meat alternatives market.”

UBS AG Singapore Branch, Citigroup Global Markets Limited and J.P. Morgan Securities plc will serve as Joint Global Coordinators and Joint Bookrunners for the proposed offering. BDO Capital & Investment Corporation, BPI Capital Corporation and First Metro Investment Corporation will be the Local Lead Underwriters and Joint Bookrunners. Credit Suisse (Singapore) Limited will serve as the Joint International Bookrunner. Macquarie Capital Securities (Singapore) Pte. Limited and Jefferies Singapore Limited will serve as the International Co-Bookrunners. China Bank Capital Corporation, PNB Capital and Investment Corporation and SB Capital Investment Corp. will be the Domestic Co-Lead Underwriters.

A copy of the draft preliminary offering circular on the Offer is available on Monde Nissin’s website at www.mondenissin.com.

A registration statement relating to these securities has been filed with the Philippines Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This communication is not for distribution, directly or indirectly, in or into the United States (including is territories and possessions, any State of the United States and the District of Columbia). This communication is not an offer and does not form a part of any offer of securities for sale in the United States or elsewhere. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933 (the Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. No money, securities or other consideration is being solicited by this communication or the information contained herein and, if sent in response to this communication or the information contained herein, will not be accepted.

About Monde Nissin

Monde Nissin Corporation is a global food and beverages company headquartered in the Philippines, with a portfolio of iconic and market leading brands across fast-growing categories, including Lucky Me! noodles, SkyFlakes crackers, Fita crackers, Monde baked goods and Quorn meat alternative products. The Company aspires to improve the well-being of people and the planet, and create sustainable solutions for food security. That aspiration is reflected in our commitment to continuously improve our products to make them more delicious, nutritious, and better for the planet. For more information, please visit www.mondenissin.com.

About Quorn

Quorn Foods is a global market leader in healthy, sustainable protein. Headquartered in Stokesley, North Yorkshire in the United Kingdom, the company offers a wide range of great-tasting products to appeal to the rapidly expanding group of people wanting to reduce their meat consumption. The company employs around 900 people and exports to 15 countries around the world, including Australia, Singapore and the United States. Quorn® is one of the United Kingdom’s top 40 FMCG brands. Quorn Foods Ltd is the reporting group which includes a main trading company, Marlow Foods Ltd. Quorn Foods Ltd encompasses all international operations of Quorn® and Cauldron®. For more information, please visit www.quorn.com.