C05093-2023

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)
Jun 29, 2023
2. SEC Identification Number
16342
3. BIR Tax Identification No.
000-169-020-000
4. Exact name of issuer as specified in its charter
SM Investments Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor, OneE-com Center, Harbour Drive, Mall of Asia Complex, Pasay City Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8857-0105
9. Former name or former address, if changed since last report
--
10. 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 1,222,023,358
11. Indicate the item numbers reported herein
Item 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.

SM Investments CorporationSM

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 of News Article Entitled "SMIC unit eyes geothermal opportunities"
Source manilatimes.net
Subject of News Report SMIC unit eyes geothermal opportunities
Date of Publication Jun 28, 2023
Clarification of News Report

Ladies and Gentlemen:

We reply to the request for clarification of The Philippine Stock Exchange, Inc. on the news article entitled “SMIC unit eyes geothermal opportunities” posted in manilatimes.net on June 28, 2023, the pertinent portion of which reads:

“SM Investments Corp. (SMIC) subsidiary Philippine Geothermal Production Company, Inc. (PGPC) plans to increase its renewable energy output from 300 megawatts (MW) to 600 MW via exploration projects.

Potential development areas are in Kalinga, Daklan, and Cagayan in Northern Luzon and Mount Labo and Malinao in Bicol.

SM Investments said it was increasing its renewable energy assets support a growing advocacy for sustainable development, with PGCP investing around P3 billion annually for these developments.

‘SM is committed towards harnessing clean energy by increasing its capacity to provide steam,’ SM Investments President and CEO Frederic DyBuncio said.

‘The Philippines' location within the Pacific Ring of Fire provides a huge opportunity for a low-carbon source of power,’ he added.

‘This is proven by PGPC's half a century of reliable and consistent production of steam converted into renewable baseload electricity for its communities.’

SMIC's steam fields in Mak-Ban and Tiwi, Albay use the earth's natural heat to produce steam that is captured by production wells. The steam is, then, delivered to third-party power plants to generate electricity and power transmission lines for distribution to homes and offices.

Since commercial operations were launched in March 2023, steam fields in Mak-Ban and Tiwi on Luzon were said to have contributed at least 57.5 billion kilograms in the effort to reduce carbon dioxide emissions.

. . . .”

We confirm the pertinent facts in the news report that has been published.

Thank you.
Other Relevant Information

Please see attachment.
Filed on behalf by:
Name Elmer Serrano
Designation Corporate Secretary