Energy Development : Updates on ACGR

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 18, 2017

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 the disclosure requirements of Exchange, we submit the SEC Advisement letter on the Updates to the 2017 Annual Corporate Governance Report in view of our 2017 Annual Stockholder's Meeting.

.

cc: VINA VANESSA S. SALONGA

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

i Di E i V i E i L i O i P i Mi E i N i T i

SEC Registration Number

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

(Company's Full Name)

(Business Address: No.,Street City / Town / Province)

Atty. Ana Maria A. Katigbak Contact Person

817-6791

Company Telephone Number

Fiscal Year Annual Meeting

Secondary License Type, If Applicable

Dept Requiring this Doc Amended Articles Number I Section

Tota= A"m'- ount of Borrowings

I

Total No. of Stockholders

Domestic Foreign

To be accomplished by SEC Personnel concerned

I I I I I

File Number

I I I I I

LCU

Document ID Cashier

S T A MPS

Remarks: Please use BLACK ink for scanning purposes

e n e r g y

OEVELO"MENT COr!PORATION

Energy Development Corporation

38h Floor, One Corporate Centre Building,Julia Vargas corner Meralco Avenue, Ortigas Center, Pasig City 1605, Philippines

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

BY •

2 2017 ·®

May 9, 2017

ATTY. JUSTINA F.CALLANGAN

Director

Corporate Governance and Finance Department Securities and Exchange Commission

PICC Complex, Roxas Boulevard, Pasay City

Subject : Updates to EDC's 2017 Annual Corporate Governance Report related to its 2017 Annual Stockholders' Meeting (Advisement Letter)

Dear Director Callangan,

The Energy Development Corporation (EDC) hereby informs the Commission that in view of its 2017 Annual Stockholders Meeting, we have updated our 2017 Annual Corporate Governance Report (ACGR), particularly on the Board and Board Committee composition, directorships in other listed companies, sustainability reporting, resolutions during the 2017 Annual Stockholders' Meeting, including results of the election of directors, as well as the stockholders' attendance and participation.

The corresponding updates to the company's ACGR in the company website (www.energy.com.ph) shall be made upon submission of this advisement letter.

Yours truly,

l,O.

Erwin 0. Avante

Vice-President and o/pliance Officer

A. BOARD MATTERS

1. Board of Directors

   Number of Directors er Articles of Incor oration ELEVEN (1 1)

   Actual number of Directors for the ear ELEVEN 11

2. Composition of the Board

Complete the table with information on the Board of Directors

Director's Name	Type ( Executive (ED), Non- Executive (NED) or Independent Director (ID))	If nominee, identify the principal	Nominator in the last election (if ID, state the relationship with the nominator)	Date first elected	Date last elected {if ID,	Elected when {Annual /Special Meeting}	N o.of served as director -**
					state the number of :i:ea rs servedas ID)'
OSCAR M. LOPEZ	ED	NIA	Red Vulcan Holdings Corporation	Nov. 23, 2007	May 08, 2017	Annual	TEN (I 0)
FEDERICO R. LOPEZ	ED	NIA		Nov. 23, 2007	May 08, 2017	Annual	TEN (10)
RICHARD B. TANTOCO	ED	NIA		Nov. 23, 2007	May 08, 2017	Annual	TEN (10)
FRANCIS GILES B. PUNO	NED	NIA		Nov. 23, 2007	May 08, 2017	Annual	TEN ( I 0)
VICTOR EMMANUEL B. SANTOS JR.	NED	NIA		Feb. 28, 2017	May 08, 2017	Annua l	ZERO (0)
JONATHAN C. RUSSELL	NED	N/A		Nov. 23, 2007	May 08, 2017	Annual	TEN (10)
PETER D. GARRUCHO, JR.	NED	NIA		Nov. 23, 2007	May 08, 2017	Annual	TEN (10)
JOAQUIN E. QUINTOS IV	NED	NIA		Nov. 25, 2015	May 08, 2017	Annual	TWO (2)
EDGAR 0. CHUA	ID	NIA	Andre Lloyd Torres / NO RELATION	July 29, 2010	May 08, 2017	Annual	SEVEN (7)
FRANCISCO ED. LIM	ID	N/A	Martin Luther Cocson / NO RELATION	July 29, 2010	May 08, 2017	Annual	SEVEN (7)
MANUEL L AYALA	ID	NIA	Farley Cuizon/ NO RELATION	Sept. 7, 2016	May 08, 2017	Annual	ZERO (0)

1. Directorship in Other Companies

2. Directorship in Other Listed Companies

Identify, as and if applicable, the mem bers of the company's Board of Directors who are also directors of pu blicly-listed com panies outsid e of its Group: