NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

June 3, 2026

The听2026听Annual Meeting of the Stockholders of San Miguel Food and Beverage, Inc.听(鈥淐ompany鈥)听will be held on听June 3, 2026, Wednesday, at听2:00听辫.尘.听The meeting will be conducted virtually and streamed live through the Company鈥檚 website at . Stockholders can attend and participate in the meeting by remote communication, by voting through the sending of ballots, or the appointment of a proxy.

The agenda of the meeting is as follows:

  1. Call to Order
  2. Certification of Notice and Quorum
  3. Approval of the Minutes of the听2025听Annual Stockholders鈥 Meeting
  4. Presentation of the Annual Report and Approval of the 2025听Audited Financial Statements
  5. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers
  6. Appointment of External Auditor听and Ratification of External Auditor Fees
  7. Election of the Board of Directors听
  8. Other Matters
  9. Adjournment

The Company鈥檚 Definitive Information Statement on SEC Form 20-IS with its annexes (鈥淒IS鈥), including Management鈥檚 Discussion and Analysis of Financial Position and Financial Performance, 2025 Audited Consolidated Financial Statements, and interim unaudited financial statements for the first quarter of 2026, have been posted on the website and can be accessed via the QR code below. It may also be found at PSE Edge.

The rationale and explanation of each relevant Agenda item requiring shareholder approval may be found in Appendix 1 of the Notice attached to the DIS. The Company鈥檚 dividend policy, acts and resolutions of the Board of Directors from June 4, 2025, and draft of the minutes of the 2025 annual stockholders鈥 meeting for approval, may likewise be found in the DIS. The said draft of the minutes is also separately posted on the website at . Questions and comments may be sent by email to [email protected].

Votes will be cast through ballots or proxies, the deadline for submission of听which听is听May听20, 2026.听听A sample of a ballot/proxy is attached to the DIS and available for download at the website. For an individual, your ballot/proxy must be accompanied by a valid government-issued ID with a photo. For a corporation, your proxy must be accompanied by a Corporate Secretary鈥檚 certification setting the representative鈥檚 authority to represent the corporation in the meeting. Ballots and proxies may be sent through email to [email protected]听or by mail to the office of SMC Stock Transfer Service Corporation (鈥淪TSC鈥) at the 2nd Floor, SMC Head Office Complex, 40 San Miguel Avenue, Mandaluyong City听1550. Proxies need not be notarized. Validation of proxies will be on听May 27, 2026, 10:00听a.m. at the office of听STSC.听Only stockholders attending through proxies or who have听submitted听ballots, all of whom have been听validated听to be stockholders of record of the Company as of听May听4, 2026, will be considered in computing stockholder attendance at the meeting and in determining the quorum for the meeting.

For quick access to the Company鈥檚 Definitive Information Statement, you may scan the QR Code with your QR Code reader or camera application on your mobile device.

The Company鈥檚 2025 Annual Report on SEC Form 17-A is available for download at , as well as at PSE Edge. Upon written request, the Company will provide the stockholder with a copy of the Annual Report, DIS, and/or 2026 first quarter report on SEC Form 17-Q, at no cost.

听听听听听(Sgd.) 听

Alexandra听Victoria B.听Trillana听

Corporate Secretary

 

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