PLDT

February 4, 2019

Philippine Dealing and Exchange Corp. 37/F Tower 1, The Enterprise Center 6766 Ayala Avenue corner Paseo de Roxas Makati City

Attention: Ms. Paula Beatrice A. Bueno OIC — Issuer Compliance and Disclosure Department

Gentlemen:

We submit herewith a copy of our letter dated February 4, 2019 to the Philippine Stock Exchange, Inc. in response to their letter dated February 4, 2019 requesting for clarification and/or confirmation of the news article entitled "PLDT hikes capex to P708 for 2019" posted in BusinessWorld (internet Edition) on February 4, 2019.

Very truly yours,

MA. LOURDES C. RAUSA-CHAN Corporate Secretary

PLDT General Office P.O. Box 2148 Makati City, Philippines

PLD 1

PLDT February 4, 2019

Philippine Stock Exchange 6/F Philippine Stock Exchange Tower 281h Street corner 5th Avenue Bonifacio Global City, Taguig City

Attention: Ms. Janet A. Encarnacion Head, Disclosure Department

Gentlemen:

We refer to your letter dated February 4, 2019 requesting for clarification and/or confirmation of the news article entitled "PLOT hikes capex to P708 for 2019" posted in BusinessWorld (internet Edition) on February 4, 2019.

. The article reported in part that:

"PLOT, Inc. is raising its capital expenditure (capex) by a fifth to at least P70 billion for this year, mostly to fund its network expansion plans.

'I don't know what the aggregate number is... But if you add the group's capex, it's going to be more than a hundred billion this year... PLDT alone will account for at least P70 billion,' Mr. Pan gilinan said when asked about MPIC's capex for 2019.

A P70 billion capex will be 21% higher than the 'record' P58 billion capex for 2018. Around 54% of last year's budget was dedicated to its wireless business and 46% to fixed broadband.

Mr. Pan gilinan said higher capex for PLOT will be used for expansion projects such as the rollout of fourth generation (4G) and fifth generation (5G) networks.

'(The capex is) mainly (for) fiber-to-the-home (FTTH) on the fixed side. And for the wireless, it's making complete substantially our 4G and start constructing the 5G network. So it's a continuous exercise,' Mr. Pangilinan said.

We confirm that PLDT Group capex for 2019 to be at least P70 billion from about P58 billion in 2018. The increase in our capex investments in 2019 is intended to fortify our network leadership and to underpin our drive towards revenue growth this year.

Of the Php 58 billion capex incurred in 2018, approximately Php 48 billion was spent on Network/IT/Technology capex, and we expect that in 2019, our Technology capex will be at similar levels, as we continue to focus on improving our customers' overall data experience, both in home and out of home (mobile).

PLOT General Office P.O. Box 2148 Makati City, Philippines

PLO 1

In particular, our Technology capex investments in 2019 will include:

Mobile

Expanding further our LTE/3G mobile coverage, including the deployment of more outdoor sites and more in-building solutions to improve coverage in high-rise buildings Increasing capacity to support the exponential data traffic growth running through our network. We anticipate a continued rise in smartphone ownership and usage increase across our subscriber base Upgrading our transport network to support the delivery of faster speeds and better overall customer experience Continuing investments to ensure that the PLOT network is "5G ready" including deployment of 5G pilots Pursuing further our IT transformation

Broadband

Rollout of fiber-to-the-home to capture the robust demand for fixed home and enterprise broadband Complete our upgrade of existing DSL customers to VVDSL and/or fiber Increase of fiber to the base stations Investment in new submarine cable systems

Further to the Php 48 billion Technology capex, we estimate as much as another Php 16 billion will be spent on "Customer" capex, representing an increase by over Php 10 billion year-on-year. A higher level of Customer capex is expected as we connect and upgrade more homes. The customer connects/upgrades will have to include related capex spend on last-mile and customer-premises equipment, e. g., modems/optical network units (ONUs), in order for customers to experience the data network. The amount of Customer capex will be sales-driven and could vary depending on the pace of our actual connects and upgrades.

To better serve our Enterprise business, we also continue to expand our data center capacity as well as invest in network/last mile resiliency, with related capex increases of almost Php 2 billion.

In addition, we anticipate certain "one-time" capital expenditures related to our hiring of installation and repair specialists/technicians in connection with our push to level-up our ability to install, as well as dramatically improve our after-sales customer support capabilities. These "one-time" expenditures of approximately Php 3-4 billion include the acquisition of vehicles, tools/equipment, space expansion and workforce management systems.

The above capex investments are in line with our twin objectives of having the best mobile network and widening our leadership of our fixed line network, as we fulfill our mandate of serving the greater requirements of our various customers in the country.

Respectfully yours,

//c•(-7(e

MA. LOURDES C. RAUSA-CHAN Corporate Secretary

PLDT

February 4, 2019

SECURITIES & EXCHANGE COMMISSION Secretariat Building, PICC Complex Roxas Boulevard, Pasay City

Attention: Mr. Vicente Graciano P. Felizmenio, Jr. Director — Markets and Securities Regulation 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 4, 2019 to the Philippine Stock Exchange, Inc. in response to their letter dated February 4, 2019 requesting for clarification and/or confirmation of the news article entitled "PLDT hikes capex to P708 for 2019" posted in BusinessWorld (internet Edition) on February 4, 2019.

Respectfully yours,

( MA. LOURDES C. RAUSA-CHAN Corporate Secretary

PLDT General Office P.0. Box 2148 Makati City, Philippines

PLD 1

Telephone

Mobile Number Number/s

8168553

COVER SHEET

SEC Registration Number

5 5

Company Name

C.

(F 0

0

A I N

0

0

A

Y)

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

A 0

0 A

0

A

A

A V

MIAIKIALT

Form Type

Department requiring the

Secondary License Type, If report

Applicable

17

Company's Email Address

COMPANY INFORMATION

Company's Telephone Number/s

Mobile Number

8168553

No. of Stockholders

11,658 As of December 31, 2018

Annual Meeting Month/Day

Every 2" Tuesday of June

Fiscal Year Month/Day

December 31

CONTACT PERSON INFORMATION The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

Ma. Lourdes C. Rausa-Chan

Email Address

Irchanapldtcom.oh

Contact Person's Address

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

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 COMMISSION

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

February 4, 2019 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 1200 Address of principal office Postal Code

(632) 816-8553 Issuer's telephone number, including area code

Not Applicable Former name or former address, if changed since last report

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 4, 2019 requesting for clarification and/or confirmation of the news article entitled "PLDT hikes capex to P708 for 2019" posted in BusinessWorld (Internet Edition) on February 4, 2019.

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.

PLOT INC.

By:

MA. URDES C. RAUSA-CHAN Corporate Secretary

February 4, 2019