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)

December 4, 2014

JANET A. ENCARNACION

HEAD, Disclosures Department

The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza

Ayala Triangle, Ayala Avenue, Makati City

Dear Ms. Encarnacion:

We advise the Exchange that Bac-Man Geothermal Inc. ("BGI"), the wholly-owned subsidiary of Energy Development Corporation ("EDC") that owns and operates the Bacman Power Plants, is now operating Unit 2 at 60 MW gross, an increase of 5MW.
The increased capacity is a direct result of the upgraded Toshiba turbine design. Recall, that the installation of the brand new Toshiba steam turbine rotor unit and diaphragms (referred to as the "Permanent Fix") was completed in September 2014.

distributed by