Energy Development : Attendance of Directors and Officers on Corporate Governance

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 16, 2016

JOSE VALERIANO B. ZUÑO III

OIC-HEAD, Disclosures Department The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza

Ayala Triangle, Ayala Avenue, Makati City

Dear Mr. Zuño:

In compliance with SEC Memorandum Circular Nos. 20, ss 2013 and 2 ss 2015, we hereby submit the attached certificate of attendance of our directors and officers who have completed programs on corporate governance, duly filed with the Securities and Exchange Commission (SEC).

cc: VINA VANESSA S. SALONGA

Head - Issuer Compliance and Disclosure Department (ICDD) Philippine Dealing & Exchange Corp.

e n e r g y

OcVE.CJPMENT CORPORATION

Energy Development Corporation

38th Floor, One Corporate Centre Buiding, Julia Vargas corner Meralco Avenue, Ortigas Cante(, Pasig City 1605, Philippines

Trunklines: +63 (2) 667-7332 (PLOT) I +63 (2) 755-2332 (Globe)

December 15, 2016

THE SECURITIES AND EXCHANGE COMMISSION

SEC Building,EDSA, Greenhills Mandaluyong City, Metro Manila Philippines

Attention:

Subject:

Atty. Justina F. Callangan

Director

Corporate Governance and Finance Department

Compliance Reportfor SEC Memorandum Circular Nos. 20, ss. 2013 and 2 ss. 2015 - Attendance in Annual Corporate Governance Training for Directors and Officers

Dear Director Callangan,

In compliance with SEC Memorandum Circular Nos. 20, ss. 2013 and 2, ss. 2015 requiring all key officers and members of the Board of Directors of publicly-listed companies to attend a training on corporate governance conducted by an SEC-accredited training provider, we hereby report the attendance of the following Directors and Officers of EDC to the CG seminar conducted by SyCip Gorres & Velayo (SGV) last December 8 and 9, 2016, at the New World Hotel in Makati City:

Directors

Officers

Richard B. Tantoco (Director,President & COO) Francis Ed. Lim (Independent Director)

Dominador M. Camu, Jr. (Senior Vice-President)

Erwin 0. Avante (Vice-President and Compliance officer)

Liberato S. Virata (Vice-President)

Manuel C. Paete (Vice-President)

Also, as part of our corporate governance initiative of including key members of the EDC Management Team, Mr. Jay Joel L. Soriano, Head of EDC's Negros Island Geothermal Business Unit (NIGBU), likewise attended SGV's December 8, 2016 corporate governance seminar.

And finally, we also report that EDC's Chairman Emeritus Mr. Oscar M. Lopez was granted permanent exemption from the CG Seminar requirement by the Commission en bane last December 6,2016.

Attached are copies of the Attendance Certificates of the above-named Directors and Officers, and the SEC letter dated December 12, 2016 on the permanent exemption of Mr. Lopez, for reference.

Yours truly,

:to,Jn;;;

Erwin 0. Avante

President and Compliance Officer

Building a better working world

This

is presented to

for having completed the seminar on

09 December 2016

1:00 p.m. to 5:00 p.m.

Ballroom 3, New World Hotel Makati Esperanza Street corner Makati Avenue Ayala Center, Makati City

A member firm of Ernst & Young Global Limited