Overseas Regulatory Announcement: Disclosure filed by PLDT Inc. ("PLDT"), a major operating associate of First Pacific Company Limited, with the Philippine Stock Exchange, in relation to the SEC Form 17-C and PLDT's press release relating to its unaudited consolidated financial results for the three months ended 31 March 2017

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

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

Ambassador Albert F. del Rosario

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

COVER SHEET

SEC Registration Number

Company Name

P L 0 T I N C. II I I I I I I

I I I I I

I I I II

I I I I I I I I I I

Principal Office (No.fStreeIlBarangayICityfT own/Province)

R A M0 NI ICIOIJIUIAINIG C0 B UIL 0 I NG I I

M A K A T I A V E N U E

IMIAIK AT I C I T Y I I

I I I I I I I I I II I I

Form Type Departmentrequiring the repolt SecondaryUcense Type, If Applicable

6Jill ~ DID

COMPANY INFORMATION

Company's Email Address Company's Telephone Numberls MobileNumber

11 8168534 11

Annual Meflljng FiscalYear

No. of Stockholders MonWDay MoolhlOay

11,767 Every2nd Tuesdayof June December31 As of March 31, 2017

CONTACT PERSON INFORMATION

The designated contact person Mllllbe an Officer 01 the Corporation

Name of Contact Person EmailAddress Te1eplloneNumber!s MobileNumber

June Cheryl C, Revilla 1 1 jacabal@pldt.com.phI 1_8_168_534_1 1__ -

---

Contad Person's Address

MGO Building, Legaspi Sf. corner Dela Rosa St., Makati City

Note: In case of death, reslQnation or cessation of offICe of the offICer designated as contact person, such incident shall be reported to the CommissiOn within Ihirty (30) calendar days from the OOOJrrence thereof with information and complete contact details of the new contact person designated.

SECURITIES AND EXCHANGE COMMISSION

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.1

1. May 12, 2017

2. SEC Identification Number PW-55

3. SIR Tax Identification No. 000-488-793

4. PLDT INC.

5. PHILIPPINES 6. (SEC Use Only)

7. Ramon Cojuangco Building, Makati Avenue, Makati City 1200

8. (632) 816-8405

9. Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

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

HOME AND ENTERPRISE SET PACE FOR REVENUE GROWTH, UP 12% AND 13% RESPECTIVELY YEAR ON YEAR

AND AHEAD OF INDUSTRY GROWTH

HOME SUBSCRIBERS ROSE 10% YEAR-ON-YEAR, NET ADDS AT 340,000; BOTH VOICE AND DATA REVENUES UP SIGNIFICANTLY

FTTH HOMES PASSED AT 3.0 MILLION;

ROLL-OUT ON TARGET TOWARDS 4.4 MILLION HOMES PASSED BY END 2017

HOME BUSINESS LAUNCHED 'PLDT SMARTCITY', TO BRING THE BEST BROADBAND EXPERIENCE TO HOMES NATIONWIDE

ENTERPRISE DATA AND ICT REVENUES UP 24%, FASTER THAN INDUSTRY GROWTH

DATA CENTER REVENUES UP 11% YEAR ON YEAR, MARKET SHARE NOW AT 70%

MOBILE SUBSCRIBER NET ADDS FOR THE QUARTER POSITIVE AT 400,000, UP AFTER 2 QUARTERS OF SUBSCRIBER LOSSES

WIRELESS CONSUMER REVENUES AT PHP14.7 BILLION 2% LESS QUARTER ON QUARTER, DOWN 18% YEAR ON YEAR

1Q2017 EBITDA AT PHP16.5 BILLION, UP 7% VERSUS 4Q2106,

1% LESS YEAR ON YEAR

MARKING THREE CONSECUTIVE QUARTERS OF EBITDA GAINS

1Q2017 CORE INCOME UP 46% COMPARED TO 4Q2016, DOWN BY 26% YEAR-ON-YEAR AT PHP5.3 BILLION

CONSOLIDATED SERVICE REVENUES STABILIZE

WHILE EBITDA AND CORE INCOME ARE UP, QUARTER ON QUARTER

1Q2017 SERVICE REVENUES LOWER BY 1% VERSUS 4Q2016, DOWN 7% YEAR ON YEAR AT PHP35.6 BILLION

MANILA, Philippines 12th May 2017 - PLDT Inc. ("PLDT") (PSE: TEL) (NYSE: PHI)

today announced its unaudited financial and operating results for the first quarter of 2017 with Consolidated Service Revenues (net of interconnection costs) at Php35.6 billion. This is 7% less than the services revenues year on year but only 1% lower than

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