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)

May 12, 2016

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 that at the Annual Meeting of Stockholders held on May 12, 2016, the stockholders of the Energy Development Corporation (the "Company") elected the following individuals to the Board of Directors:

Regular Directors

  1. Oscar M. Lopez

  2. Federico R. Lopez

  3. Peter D. Garrucho, Jr.

  4. Joaquin E. Quintos IV

  5. Ernesto B. Pantangco

  6. Francis Giles B. Puno

  7. Jonathan C. Russell

  8. Richard B. Tantoco Independent Directors

  1. Edgar O. Chua

  2. Francis Ed. Lim

  3. Arturo T. Valdez

The stockholders also approved the appointment of SGV & Co. as external auditor for the current year.

During the organizational meeting of the new Board of Directors held immediately after the stockholders' meeting, the following officers were elected:

NAME

POSITION

OSCAR M. LOPEZ

Chairman Emeritus

FEDERICO R. LOPEZ

Chairman & CEO

RICHARD B. TANTOCO

President & COO

ERNESTO B. PANTANGCO

Executive Vice President

NESTOR H. VASAY

Senior Vice President/Chief Financial Officer / Treasurer / Head of Finance and Shared Services Group

MANUEL S. OGENA

Senior Vice President, Head of Geosciences and Reservoir Engineering Group

DOMINADOR M. CAMU JR.

Senior Vice President, Head of Operations and Engineering Group (effective June 1, 2016)

MA. ELIZABETH D. NASOL

Vice President, Head of Human Resource Management Group

RAYMUNDO N. JARQUE, JR.

Vice President, Head of Business Development Group

RASSEN M. LOPEZ

Vice President, Head of Legal and Regulatory Group

RAMON A. CARANDANG

Vice President, Head of Corporate Affairs Group

BERNARDITO M. LAPUZ

Vice President, Chief Risk Officer, Head of Strategy and Risk Management Group

REMAN A. CHUA

Vice President, Head of Wind Ilocos Norte Business Unit

ARIEL ARMAN V. LAPUS

Vice President, Managing Director for Latin America

FERDINAND B. POBLETE

Vice President, Chief Information Officer, Head of Information Technology Group

ERWIN O. AVANTE

Vice President, Head of Corporate Finance, Compliance Officer (SEC & PSE)

MANUEL C. PAETE

Vice President, Head of LGBU Project & Resource Management

LIBERATO S. VIRATA

Vice President, Head of BGBU Project & Resource Exploration Management

ELLSWORTH R. LUCERO

Vice President, Head of LGBU Operations & Maintenance

ERUDITO S. RECIO

Corporate Information Officer/ Senior Manager, Investor Relations

GLENN L. TEE

Chief Audit Executive/ Assistant Vice President, Internal Audit

TEODORICO R. DELFIN

Corporate Secretary

ANA MARIA A. KATIGBAK

Assistant Corporate Secretary

The Board elected the following members to the Nominations & Compensation, Audit

& Governance, Risk Management, Corporate Social Responsibility, Related Party Transactions, and Operations Committees:

Nomination and Compensation Committee

Federico R. Lopez (Chairman) Francis Giles B. Puno

Peter D. Garrucho, Jr.

Arturo T. Valdez (Independent Director)

Management Representative: Ma. Elizabeth D. Nasol

Audit and Governance Committee

Edgar O. Chua (Chairman; Independent Director) Francisco Ed. Lim (Independent Director)

Arturo T. Valdez (Independent Director) Francis Giles B. Puno

Ernesto B. Pantangco

Management Representatives: Nestor H. Vasay

Maribel A. Manlapaz Risk Management Committee

Francis Giles B. Puno (Chairman) Jonathan C. Russell

Peter D. Garrucho, Jr.

Management Representatives: Nestor H. Vasay

Dominador M. Camu Jr. Erwin O. Avante

James A. Villaroman Jay Joel L. Soriano Mark D. Habana Bernardito M. Lapuz

Corporate Social Responsibility (CSR) Committee

Federico R. Lopez (Chairman)

Edgar O. Chua (Independent Director) Arturo T. Valdez (Independent Director) Ernesto B. Pantangco

Management representatives: Erwin O. Avante

Ramon A. Carandang

Related Party Transactions Committee

Edgar O. Chua (Chairman, Independent Director) Francisco Ed. Lim (Independent Director)

Arturo T. Valdez (Independent Director) Ernesto B. Pantangco

Francis Giles B. Puno

Management representatives: Nestor H. Vasay

Rassen M. Lopez

Operations Committee

Federico R. Lopez Richard B. Tantoco Francis Giles B. Puno Ernesto B. Pantangco Jonathan C. Russell Peter D. Garrucho, Jr. Joaquin E. Quintos IV

Energy Development Corporation published this content on 13 May 2016 and is solely responsible for the information contained herein.
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