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)

July 11, 2018

JANET A. ENCARNACION

Head, Disclosure Department

The Philippine Stock Exchange, Inc.

PSE Tower, 28th Street corner 5th Avenue Bonifacio Global City, Taguig City

Dear Ms. Encarnacion:

We advise the Exchange that Energy Development Corporation ("EDC") secured today an approval from its Board of Directors to obtain three (3)- year bilateral loan facilities with various local banks for a total amount of up to PHP11.5 Billion to refinance its USD80m club loan, to fund a portion of its capital expediture program, and for other general corporate purposes.

Very truly yours,

Ryan Z. Velasco

Head of Investor Relations

& Corporate Information Officer

cc:

VINA VANESSA S. SALONGA

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

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Energy Development Corporation published this content on 12 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 03:08:01 UTC