August 14, 2017

PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 3rd Floor, Philippine Stock Exchange Center Ayala Triangle, Ayala Avenue Makati City Attention: Mr. Jose Valeriano B. Zuño III OIC, Head, Disclosure Department

PHILIPPINE DEALING & EXCHANGE CORP. 37th Floor, Tower 1, The Enterprise Center 6766 Ayala Avenue cor. Paseo de Roxas Makati City Attention: Ms. Vina Vanessa S. Salonga Head – Issuer Compliance and Disclosure Department Gentlemen:

Please find attached copy of the Initial Statement of Beneficial Ownership of

Securities (SEC Form 23-A) which was filed with the Securities and Exchange Commission on August 10, 2017 by Mr. Ronaldo T. Ferrer who was appointed as Assistant Vice President for Internal Audit at the Board meeting held on August 8, 2017 effective May 1, 2017.

Thank you.

Very truly yours,

JOEL ANGELO C. CRUZ VP - General Counsel &

Corporate Secretary