'Because we want to bring back net debt ratio to around two times by year end 2017,' Pangilinan said... ".

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Ruth Patterson
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1 PLOT Philippine Stock Exchange 3/F Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Makati City Attention: Mr. Jose Valeriano B. Zuna III OIG - Head, Disclosure Department Gentlemen: We refer to your letier dated requesting for clarification and/or confirmation of the news article entitled "2 foreign firms eye 8% PLOT stake in Meralco M posted in Manila Standard.net on April 25, The article reported in part that ~Two foreign companies have expressed 'serious' interest to acquire part of the holdings of PLOT Inc. in Manila Electric Co., which are held by Beacon Electric Assets Holdings Inc. Pangilinan, who is also chairman of PLOT, said the sale of the shares to the investors might be concluded in the first half of the year. 'At the moment I think PLOT is in the process of talking to some of the investors in the safe of their stake at the Beacon level. That' where it is today, and if there is an agreement reached, we will make an announcement. The discussions are with potential investors that are not group refated, ' Pangifinan said. He said the PLOT Group planned to use proceeds of the sale 'essentiaffy to reduce debt at the PLOT fevel' and a portion to pay the balance installment due to San Miguel Corp. 'Because we want to bring back net debt ratio to around two times by year end 2017,' Pangilinan said... ". We confirm that PLOT is exploring the possible sale of its remaining stake in Beacon Electric Asset Holdings, Inc. We will advise the Exchange as soon as an agreement has been reached on the matter. Respectfully yours, ~ PLOT General Office P.O. Box 2148 Makati City. Philippines PLD 1

2 ~PLDT SECURITIES & EXCHANGE COMMISSION Secretariat Building, Pice Complex Roxas Boulevard, Pasay City Attention: Mr. Vicente Graciano P. Felizmenio, Jr. Director - Markets and Securities Regulation Dept. Gentlemen: In compliance with Section 17.1 (b) of the Securities Regulation Code and SRC Rule (a), we submit herewith two (2) copies of our letter dated to the Philippine Stock Exchange, Inc. in response to their letter dated requesting for clarification and/or confirmation of the news article entitled ~2 foreign firms eye 8% PLOT stake in Meralco~ posted in Manila Standard. net on April 25, Respectfully yours, ~( PLOT General Office P,O Box 2148 Makatl City. PhilipPines PlD 1

3 COVER SHEET SEC Regislralioo Number Company P L 0 T I N C. I I (F 0 R M E R L Y P H I L I P P I N E L 0 N G I I Name 0 I S T A N C E T E L E P H 0 N E C 0 M P A N Y) Principal Office (No.lStreeUBarangay/CitylTownJProvince) Form Type ffill Department requiring the report ~ DID Secondary license Type, II AppliCable COMPANY INFORMATION Company's Address Company's Telephone Numberls Mobile Number I I ~ Annual Mee~ng Fiscal Year No. of SlOckMklers MonlhlDay MonthlOay 11,757 As of March Every 2 nd Tuesday of June December 31 CONTACT PERSON INFORMATION The designated oontaet person MUST be an OffICer of the Corpora~on Name of Cootad Perron Address Telephone Numberls Mobile Number Ma. lourdes C. Rausa.Chan I I Irchan@pldt.com.ph I 1~_81_6_8_55_3_~ 1 _ Contact Perron's Address MGO Building, Legaspi St. corner Dela Rosa St., Makati City Note In case of (leath, resignation or cessaliofl 01office of lheoffia!rdesignated as oontaet person, sudllncident shall be reported to the Commtssion within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new COIltaetpetSOll designated.

4 SECURITIESAND EXCHANGE COMMISSION CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATIONCODE AND SRC RULE Date of Report (Date of earliest event reported) 2. SEC Identification Number PW SIR Tax Identification No PLDT Inc. Exact name of issuer as specified in its charter 5. PHILIPPINES Province, country or other jurisdiction of Incorporation 6. (SEC Use Only) Industry Classification Code 7. Ramon Cojuangco Building, Makati Avenue, Makati City Address of principal office 1200 Postal Code 8. (632) Issuer's telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding

5 11. Item 9 (Other Events) Attached hereto is a copy of our letter to the Philippine Stock Exchange, Inc. in response to their letter dated requesting for clarification and/or confirmation of the news article entitled "2 foreign firms eye 8% PLOT stake in Meralco" posted in Manila Standard. net on April 25,2017. Pursuant to the requirements of the Securities Regulations Code, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. PLOT INC. By: it~(

PLOT December 21, 2017

PLOT December 21, 2017 PLOT December 21 2017 Philippine Stock Exchange 3/F Philippine Stock Exchange Plaza Ayala Triangle Ayala Avenue Makati City Attention: Mr. Jose Valeriano 8. Zuna III ole. Head Disclosure Department Gentlemen: