December 4, 2022
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MEDIC – Statement regarding the expiry of the 365 day Lock-up of Two On, Inc. shares

Medilines Distributors Incorporated (MEDIC), one of the leading distributors of medical equipment nationwide, is on track to meet its top and bottom-line targets in 2022. It is also continuing its mission in equipping healthcare facilities nationwide with world class cancer therapy, diagnostic imaging, and dialysis equipment.

Two On, Inc., which is also owned by Mr. Virgilio Villar, the major stockholder of Medilines, has no intention of selling any of its 22% stake in the Company even after the expiration of its lock-up period on August 19, 2022.

Medilines’ Board and Management Team is focused on expanding the Company’s distribution reach to give Filipinos access to the healthcare they deserve. With the Company’s 20 years in the medical distribution industry, Management is very confident that it can implement the strategies and targets it has committed to its investors and other stakeholders.

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