October 15, 2008

Energy Development Corporation

38th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue

Ortigas Center, Pasig 1605, Philippines

Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332 (Globe)

April 14, 2015

JANET A. ENCARNACION

HEAD, Disclosures Department

The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza

Ayala Triangle, Ayala Avenue, Makati City

Dear Ms. Encarnacion:

Please be advised that Bac-Man Geothermal Inc. ("BGI"), a wholly owned subsidiary of Energy Development Corporation ("EDC") that owns and operates the Bacman Power Plants, received a request for arbitration filed by its contractor Weir Engineering Services Limited ("WEIR") with the Construction Industry Arbitration Commission in respect of alleged unpaid balance of contract price, legal interest and attorney's fees, liquidated damages, and sums due to BGI in relation to defects and damage caused by workmanship. WEIR had been engaged by BGI in 2012 for the completion of works to the steam turbine and generator of BacMan Units 1 to 3.

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