First Pacific : Overseas Regulatory Announcement: Filing by Metro Pacific Investments Corporation ("MPIC") with the Philippine Stock Exchange, Inc., in relation to the SEC Form 17-C together with press release relating to the acquisition by MPIC of an approximately 5% interest in Manila Electric Company from Beacon Electric Asset Holdings, Inc.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(This overseas regulatory announcement is issued pursuant to Rule 13.09(2)(a) of the Rules

Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.)

As at the date of this announcement, the board of directors of First Pacific Company Limited comprises the following directors:

Executive Directors:

Manuel V. Pangilinan, Managing Director and CEO
Edward A. Tortorici
Robert C. Nicholson
Non-executive Directors: Anthoni Salim, Chairman Benny S. Santoso
Tedy Djuhar
Napoleon L. Nazareno

Independent Non-executive Directors:

Graham L. Pickles
Prof. Edward K.Y. Chen, GBS, CBE, JP Margaret Leung Ko May Yee, SBS, JP Philip Fan Yan Hok

24 June 2014

Disclosure Department
3/F PSE Plaza, Ayala Triangle
Ayala Avenue
Makati City

Corporation & Finance Department S.E.C. Building, EDSA Mandaluyong City
Attention: MS. JANET A. ENC ARNACION
Head
Disclosure Department

Corporation & Finance Department

In compliance with the Revised Disclosure rules of the Exchange, Metro Pacific
Investments Corporation ("Company") submits the attached SEC-Form 17-C. Thank you.
Very truly yours,

Corporate Information Officer
PR & Corporate Communications

SECURITIES AN D EX CHANGE COMMISSION SEC FORM 17-C

CURRENT R EPORT UN DER SECTI ON 17

OF THE SECURITIES R EGULATION CODE AND SRC RU LE 17.2(c) THER EUNDER

1. 24 June 2014

Date of Report (Date of earliest event reported)

2. SEC Identification Num ber CS200604494

3. BIR Tax Identification No. 244-520-457-000

4. METRO PACIFIC INVESTMENTS CORPORATION

Exact name of issuer as specified in its charter

5. METRO MANILA, PHILIPPINES 6. (SEC Use Only)

Province, country or other jurisdiction of incorporation

Industry C lassification Code:

........................

Address of princi pa l office Postal C ode

8. (632) 888-0888

Issuer's telepho ne number, including area code

9. NA

Former nam e or form er address, if changed since last report

10. Securities registered pursuant to Sectio ns 8 and 12 of the SRC or Sections 4 and 8 of the

RSA

Title of Ea ch C lass Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

COMMON SHAR ES OF STOC K 26,039,083,752*

*as reported by the stock transfe r agent as of 31 May 2014.

11. Indicate the item num bers reported herein: Item 9

Item 9. Other Items

Please see attached press release.

SIGNATURES

Pursuant to the requirements of the Securities Regulatio n Co de, the Issuer has duly caused this report to be signed on its beha lf by the undersigned hereunto duly authorized.

MPIC or Issuer Date

.............................................................

PRESSRELEASE

Upon completion MPIC will own 5% in Meralco directly and through Beacon a further 22.48% thereby taking its effective interest in Meralco to 27.48%; PCEV's interest in Meralco will be reduced to an effective interest of 22.48%. There will be no change in the aggregate interest of MPIC and Beacon in Meralco which remains at 49.96%.
MPIC is also investing P4.5 billion to increase its shareholding in the Don Muang Tollway ("DMT") in Bangkok to 29.45% as previously announced. Furthermore MPIC anticipates investing up to P8.5 billion in equity and shareholder loans, over a five-year period, in respect of its current 55% interest in the Light Rail Manila consortium which was the sole bidder for the Government's LRT1 maintenance and track extension.
Jose Ma. K. Lim, CEO of MPIC commented, "The deepening of our investment in Meralco is reflective of our expectation of growth in this business, especially from much needed power generation in Luzon. MPIC retains its partnership with PCEV for holding most of our investment in Meralco while increasing committee participation in the business as a result of our direct holding." Lim went on to say "MPIC's aggregate cash investment in Meralco, DMT and the LRT1 for these transactions will total some P19.6 billion albeit the LRT1 investment is spread over a number of years. Through a combination of our previously announced hospitals group dilution/sell down, cash in hand and borrowings we are able to fund these investments on our existing capital base."
As this is a related party transaction, the PLDT and PCEV directors who are also on MPIC's board took no part in the discussion at the MPIC Board meeting which decided on the purchase and sale. The transaction has also been reviewed by MPIC's Audit and Risk Management Committee (ARMC) in accordance with MPIC's ARMC Charter and Code of Corporate Governance.
Meralco is the biggest electricity distributor in the Philippines. PCEV is a holding company whose primary asset is its holding in Meralco, now held indirectly through Beacon, while MPIC is the Philippines' largest infrastructure investment management and holding company.

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For furthe r informa tion ple a se conta ct:

David J. Nicol Albert W. L. Pulido

MPIC MPIC

Chief Financial Officer VP, Investor Relation s

Tel: +632 888 0888 Tel: +632 458 1039

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