MANILA, Philippines, 2nd October 2014 - Philippine Long Distance Telephone Company ("PLDT") (PSE:TEL) (NYSE:PHI), the leading telecoms operator in the Philippines, disclosed that Rocket Internet AG ("Rocket") announced the successful pricing of its initial public offering (the "IPO") at €42.50 per share.
At the issue price of €42.50 per share, and assuming the full exercise of the underwriting banks' option in connection with the over-allotment or the "Greenshoe Option", Rocket has a market capitalization of approximately €6.7 billion. The offering was over-subscribed well in excess of ten times at the top end of the price range.

Rocket shares will trade on the Entry Standard of the Frankfurt Stock Exchange starting on 2 October 2014 under the ticker symbol "RKET" (ISIN: DE000A12UKK6;WKN: A12UKK).

"We are delighted with the news that Rocket's IPO was warmly received by investors. This affirms our belief in Rocket's unique platform for establishing new Internet companies and proven track record in successfully rolling out these businesses in fast growing markets," Napoleon L. Nazareno, PLDT President and CEO said.

PLDT's ownership stake in Rocket after the IPO will be 6.4% assuming the Greenshoe
Option is exercised in full.
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