CIRIACO P.

ADORNADO
2687 Crystal Clear, Dimadapuan Homes
Dimabili St., Mahabang Bato, Kakantakanta, Bukidnon
Tel No. 445-6574 BOA/PRC Registration No. 32-07 valid until December 31, 2017

The Board of Directors

United Foods Corporation
G/F Mabantout Place, Sta Rita, Nueva Viscaya

I have audited the financial statements of United Foods Corporation as of and for the year ended December
31, 2015, on which I have rendered the attached report dated February 4, 2016. The information shown in the
Reconciliation of Retained Earnings Available for Dividend Declaration/Statement of Changes in Net Assets in
Liquidation, is presented for purposes of additional analysis and is not a required part of the basic financial
statements. Such information has been subjected to the auditing procedures applied in the audit of the basic
financial statements. In my opinion, the computation and information attached are in accordance with SEC
Memorandum No. 11, Series of 2008.

CIRIACO P. ADORNADO
Certificate No. 106547
Tax Identification No. 160-178-555
PRC ID valid until November 1, 2018
BIR Accreditation No. 01-223347-2014,
November 28, 2014, Valid until November 27, 2017
SEC Accreditation No. 02-10, October 30, 2015
Valid until October 29, 2018
CDA CEA No. 3344, November 24, 2014, valid until November 23, 2017
PTR No. 445566, January 4, 2016, City of Pulupandan

February 4, 2016