Energy Development Corporation

12/19/2017 | Press release | Distributed by Public on 12/19/2017 02:12

Update on Leyte

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)

December 19, 2017

JOSE VALERIANO B. ZUÑO III

OIC-HEAD, Disclosures Department The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza

Ayala Triangle, Ayala Avenue, Makati City

Dear Mr. Zuño:

We advise the Exchange that operations of our Leyte Geothermal Power Plants have been affected by landslides and flooding brought by Typhoon Urduja.

As of the evening of December 18, the Leyte Power Plants are producing an aggregate of 246 MW, compared to 462 MW before the typhoon hit. Initial assessment shows that most of the damage were not to the power plants but to pipelines and the marshalling station. We are working to restore the facilities at the soonest time possible, with priority consideration on safety. Moreover, we are extending assistance to our host communities.

We shall notify the Exchange of relevant developments as results of more detailed assessments become available.

cc: VINA VANESSA S. SALONGA

Head - Issuer Compliance and Disclosure Department (ICDD)

Philippine Dealing & Exchange Corp.