Tranche Update on Primex Corporation's Equity Buyback Plan announced on March 20, 2017.

Primex Corporation is a Philippines-based company, which is engaged in the real estate business to purchase, lease, or in any manner dispose of or deal with land and other real property and any interest therein. The Company’s segments include Real estate and Rent. The Real estate segment is engaged in the selling of high-end and upper middle-income residential lots and units. The Rent segment is engaged in leasing the Company’s investment properties. It maintains land banks situated in various prime locations for the development of residential subdivisions, high-rise residential and office condominiums, as well as master-planned housing units. The Company's properties include PRIMEX Tower, The Stratosphere, Goldendale II and others. Its other properties include The Richdale, Annapolis Property, Aurora Blvd. Property, Eagle's Nest Property, Mandaluyong Property, Naic Property and others. The Annapolis Property is a 1,000 square meter lot located in Annapolis St., cor Columbia, San Juan.