Energy Development : Result of the Special Stockholder’s Meeting

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 12, 2017

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:

We advise that during the special stockholder's meeting of Energy Development Corporation ("EDC") held today, the following matters were approved:

1. The amendment of the Seventh Article of the Company's Articles of

Incorporation relating to the provisions on (i) Voting Preferred Shares, and (ii) Pre-emptive Rights of Common Shares.

2.

The amendment of the By-Laws, as follows:

• i. Amendment of the existing provisions on Meetings of Stockholders in Article II and inclusion of a new Section 9 on Voting;

• ii. Amendment of the existing provisions on the Board of Directors in Article IV and inclusion of a new Section 9 on Voting;

• iii. Amendment of Article V on the Executive Committee by including a new Section 6 on Other Committees;

• iv. Amendment of Article VIII on Amendments by inserting a reference to Section 9, Article II;

• v. Amendment of Article X on Subscriptions by inserting a reference to Section 9(b), Article II;

• vi. Inclusion of a new Article XII to provide for Definitions; and

• vii. Editorial changes in Articles I, III, IX and in the foregoing provisions for purposes of consistency.

cc: VINA VANESSA S. SALONGA

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