Aboitiz Equity Ventures Inc.

11/29/2021 | Press release | Distributed by Public on 11/28/2021 23:15

Clarification of News Reports

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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

1. Date of Report (Date of earliest event reported) Nov 29, 20212. SEC Identification Number CEO25363. BIR Tax Identification No. 003-828-269-V4. Exact name of issuer as specified in its charter ABOITIZ EQUITY VENTURES INC.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 32nd Street, Bonifacio Global City, Taguig City, Metro Manila, PhilippinesPostal Code16348. Issuer's telephone number, including area code (02) 8886-28009. Former name or former address, if changed since last report N/A10. 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 Stock P1 Par Value 5,630,225,457
Amount of Debt Outstanding (As of Sept. 30, 2021) 319,600,694,000.00
11. Indicate the item numbers reported herein 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Aboitiz Equity Ventures, Inc.AEV

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification to the November 27, 2021 Manila Times (Online Edition) News Article

Source Manila Times (Online Edition)
Subject of News Report Aboitiz InfraCapital bares expansion plans
Date of Publication Nov 27, 2021
Clarification of News Report

Dear Ms. Encarnacion:

This refers to the letter from the Philippine Stock Exchange (PSE) requesting Aboitiz Equity Ventures Inc. (AEV, or the "Company") to confirm the veracity of the information contained in the Manila Times (Online Edition) news article dated November 27, 2021 entitled "AIC bares expansion plans" a portion of which are quoted hereunder:

"ABOITIZ InfraCapital (AIC) bared expansion plans for its economic estates and other business units as it launched its new branding on Friday.

In a virtual briefing, AIC First Vice President of Industrial and Commercial Business Units Rafael Fernandez de Mesa reported an ongoing 200-hectare industrial expansion in their LIMA Estate in Batangas.

The expansion is expected to bring in P10.3 billion of inventory and will increase the economic estate's workforce to 137,000.

The infrastructure arm of the Aboitiz Group is also set to build a seven-tower office park inside the 30-hectare commercial district of LIMA Estate.

The first tower of the seven, LIMA Tower One, is scheduled to break ground in February next year.

AIC is likewise expanding their West Cebu Estate, which is dubbed as the 'shipbuilding capital' of the country.

The 39-hectare expansion, which will bring in P2.5 billion of inventory and will increase the estate's working population to 28,000, is scheduled to begin construction by January.

Meanwhile, AIC's tower sharing venture with Swiss-based Partners Group, Unity Digital Infrastructure Inc., targets to develop over 1,000 sites nationwide in the next 12 to 15 months.

The company's small cell business, on the other hand, is expecting to deploy more than 350 small cell sites by year-end.

AIC said the Apo Agua Infrastructura project is also on track to begin its operations next year. Once operational, the project will deliver at least 300 million liters of treated water to Davao City Water District daily.

We confirm that AEV's wholly-owned subsidiary, Aboitiz InfraCapital, Inc. (Aboitiz InfraCapital), has AEV's wholly-owned subsidiary, for its business segments, integrated economic centers, water, and digital infrastructures.

Attached herein is the relevant Press Release that was issued by Aboitiz InfraCapital on November 26, 2021.

We trust that we have clarified the above-mentioned news article to your satisfaction.

Other Relevant Information

Please see attached.

Filed on behalf by:
Name Sammy Dave Santos
Designation Senior Associate General Counsel