February 5, 2018

Philippine Stock Exchange

3/F Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Makati City

Attention: Mr. Jose Valeriano B. Zurio III

OIC - Head, Disclosure Department

Gentlemen:

We refer to your letter dated February 5, 2018 requesting for clarification and/or confirmation of the news article entitled "PLDT unveils P180-B spending plan" posted in Inquirernet on February 5, 2018. The article reported in part that:

"Industry giant PLDT Inc. is flexing its massive financial muscle, revealing for the first time a multi-year capital spending plan as the Duterte administration hopes to select a new telco challenger in the next few months.

PLDT, in a statement over the weekend, announced an unprecedented three-year spending budget of P180 billion from 2018 to 2020-or P60 billion per year-to help double fixed-line and mobile intemet capacity in the next year and a half.

71

In the PLDT Press Release entitled: "PLDT's 5-year P260-B Capex Program Enters 3rd Year" a copy of which we filed with the PSE on 5 February 2018, we indicated that total capex for 2016-20 is estimated at P260 billion. Capex for 2016 amounted to P42.8 billion. The capex for 2017 is still being finalized, but estimated at between P39-40 billion. Given this, the capex for 2018-2020 will range from P177-178 billion.

Respectfully yours,

7,4 -1- 75

MA. LOURDES C. RAUSA-CHAN Corporate Secretary

PLDT General Office Ra Box 2148 Makati City, Philippines

February 5, 2018

SECURITIES & EXCHANGE COMMISSION Secretariat Building, PICC Complex

Roxas Boulevard, Pasay City

Attention: Mr. Vicente Graciano P. Felizmenio, Jr.

Director - Markets and Securities Requlafion Dept.

Gentlemen:

In compliance with Section 17.1 (b) of the Securities Regulation Code and SRC Rule 17.1.1.1.3(a), we submit herewith two (2) copies of our letter dated February 5, 2018 to the Philippine Stock Exchange, Inc. in response to their letter dated February 5, 2018 requesting for clarification and/or confirmation of the news article entitled "PLDT unveils P180-B spending plan" posted in Inquirer. net on February 5, 2018.

Respectfully yours,

(

MA. LOURDES C. RAUSA-CHAN Corporate Secretary

PLOT General Office PD. Box 2148 Makati City. Philippines

COVER SHEET

Company NameSEC Registration Number

55

ID

C.

(F 0

0

A

Principal Office (No./Street/Barangay/City/Town/Province)

  • A 0

    0

  • A A

AV

AA

Form Type

17

Company's Email AddressNo. of Stockholders 11,712

As of December 31, 2017

0

A

0

Department requiring the report

COMPANY INFORMATION

Company's Telephone

Number/s

8168553

Annual Meeting

Month/Day rvery 2fla Tuesday of June

CONTACT PERSON INFORMATION

0 A Y)

Secondary License Type, IfMobile NumberFiscal Year Month/Day December 31

The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

Email Address

Telephone

Number/s

Ma. Lourdes C. Rausa-Chan

Irchanaoldt.com.oh

8168553

Contact Person's Address

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

Applicable

Mobile Number

Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

SECURITIES AND EXCHANGE COMMISSIONCURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

February 5, 2018

Date of Report (Date of earliest event reported)

SEC Identification Number PW-55

BIR Tax Identification No. 000-488-793

PLDT Inc.

Exact name of issuer as specified in its charter

PHILIPPINES

6.

(SEC Use Only)

Province, country or other jurisdiction

Industry Classification Code

of Incorporation

Ramon Cojuangco Building, Makati Avenue, Makati City Address of principal office

(632) 816-8553

Issuer's telephone number, including area code

Not Applicable

Former name or former address, if changed since last report

1200

Postal Code

10.

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

Title of Each Class

Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding

11. Item 9 (Other Events)

Attached hereto is a copy of our letter to the Philippine Stock Exchange, Inc. in response to their letter dated February 5, 2018 requesting for clarification and/or confirmation of the news article entitled "PLDT unveils P180-B spending plan" posted in Inquirer.net on February 5,2018.

Pursuant to the requirements of the Securities Regulations Code, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

PLDT INC.

By:

fitt-4(

MA. LOURDES C. RAUSA-CHAN Corporate Secretary

February 5,2018

PLDT Inc. published this content on 05 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 February 2018 10:14:05 UTC.

Original documenthttp://www.pldt.com/docs/default-source/news-clarification/2018/pldts-clarification-on-capex-for-2018-to-2020.pdf?sfvrsn=0

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