First Pacific : Overseas Regulatory Announcement

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for a

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.‌

OVERSEAS REGULATORY ANNOUNCEMENT

Please refer to the attached disclosure filed by Metro Pacific Investments Corporation ("MPIC") with the Philippine Stock Exchange, in relation to the SEC Form 17-C together with the press release relating to MPIC's unaudited consolidated financial results for the first quarter ended 31 March 2016.

Dated this the 4th day of May, 2016

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

Madeleine Lee Suh Shin

SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER

1. 4 May 2016

Date of Report (Date of earliest event reported)

1. SEC Identification Number CS200604494

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

3. METRO PACIFIC INVESTMENTS CORPORATION

   Exact name of issuer as specified in its charter

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

Province, country or other jurisdiction of incorporation

Industry Classification Code:

7. 10th Floor, MGO BUILDING, LEGAZPI COR. DELA ROSA STREETS, LEGAZPI VILLAGE, MAKATI CITY, METRO MANILA, PHILIPPINES

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

Address of principal office Postal Code

8. (632) 888-0888

Issuer's telephone number, including area code

1. NA

   Former name or former address, if changed since last report

2. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

   Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding

   COMMON SHARES OF STOCK 27,898,323,752*

   *as reported by the stock transfer agent as of 30 April 2016.

3. Indicate the item numbers reported herein: Item 9

Item 9. Other Items

Please see attached press release.

SIGNATURES

Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

METRO PACIFIC INVESTMENTS CORPORATION 4 May 2016

MPIC or Issuer Date

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

JOSE JESUS G. LAUREL

General Counsel/Vice President - Legal Compliance Officer

PRESSRELEASE

1Q 2016 Core Net Income Up 7% to Record ₱2.7 Bln

Continuing to Exceed Targets

• 1Q 2016 Core Net Income up 7% to ₱2.7 Bln from ₱2.6 Bln in 1Q 2015
• Reported Net Income attributable to shareholders up 8% to ₱2.6 Bln
• Consolidated revenues up 24% to ₱10.6 Bln vs. ₱8.5 Bln
• Fully Diluted Core Net Income per share up 4% to 9.81 centavos
• MPIC Parent gearing ratio of 25.6% vs. 26.9% at year-end
• MERALCO Core Net Income ₱4.6 Bln, Core EBITDA ₱8.2 Bln
• Maynilad Water Core Net Income ₱1.7 Bln, Core EBITDA ₱3.3 Bln
• Tollways Core Net Income ₱747 Mln, Core EBITDA ₱1.8 Bln
• Hospital Group Core Net Income ₱408 Mln, Core EBITDA ₱1.0 Bln

MANILA, Philippines, 4th May 2016 - Metro Pacific Investments Corporation ("MPIC" or the "Company") (PSE: MPI) today reported a 7% rise in consolidated Core Net Income to

₱2.7 billion for the quarter ended 31st March 2016 from ₱2.6 billion in the first quarter of 2015 on the back of strong growth at all its operations.

Core Net Income was lifted by: (i) strong traffic growth on all the roads held by Metro Pacific Tollways Corporation ("MPTC") and contributions from SCTEX and CII Bridges and Roads Investment Joint Stock Co. ("CII B&R"); (ii) higher economic interest in Manila Electric Company ("MERALCO"); and (iii) continuing growth in the Hospital Group.

In terms of contribution to the Company's net operating income: MERALCO accounted for

₱1.6 billion or 47% of the aggregate contribution; Maynilad contributed ₱843 million or 24% of the total; the Tollroads businesses delivered ₱833 million or 24%; the Hospital Group contributed ₱134 million or 4% of the total; and the Rail and Systems contributed

₱50 million or 1% of the total.

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