C07012-2023

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)
Sep 20, 2023
2. SEC Identification Number
A1996-11593
3. BIR Tax Identification No.
005-038-428-000
4. Exact name of issuer as specified in its charter
MANILA WATER COMPANY, INC.
5. Province, country or other jurisdiction of incorporation
QUEZON CITY, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
MWSS ADMINISTRATION BUILDING 489 KATIPUNAN ROAD BALARA QUEZON CITY Postal Code 1105
8. Issuer's telephone number, including area code
(632) 7917 5900 loc. 1404
9. Former name or former address, if changed since last report
N/A
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 2,883,652,059
PREFERRED 4,000,000,000
11. Indicate the item numbers reported herein
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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.

Manila Water Company, Inc.MWC

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: “Manila Water plans P1.15-trillion investment until 2047” posted in BusinessWorld (Online Edition) on September 19, 2023
Source BusinessWorld (Online Edition)
Subject of News Report “Manila Water plans P1.15-trillion investment until 2047”
Date of Publication Sep 19, 2023
Clarification of News Report

We reply to your request for clarification and/or confirmation on the news article entitled “Manila Water plans P1.15-trillion investment until 2047” posted in BusinessWorld (Online Edition) on September 19, 2023. The news article reported in part that:

“WATER SUPPLY company Manila Water Co., Inc. said it is investing P1.15 trillion between this year and 2047.

This commitment comes as the water supply company seeks approval for the extension of its revised concession agreement (RCA) with the Metropolitan Waterworks and Sewerage System (MWSS).

The east zone concessionaire said it applied for an RCA extension on Aug. 25, as indicated in the company’s position paper posted on its official website and accessed on Monday.

‘The application seeks the extension of the expiration date of the RCA from July 31, 2037 to July 31, 2047, to coincide with the term of Manila Water’s 25-year legislative franchise,’ the company said.

. . . .

In line with the extension application, Manila Water has committed to allocate P1.15 trillion for investments, primarily to ensure the continuous provision of water and wastewater services to its customers in the east zone, it noted.

Of the total, Manila Water plans to allocate P475 billion for the development and maintenance of water facilities from 2038 to 2047 out of the total expenditures.

It has also projected an additional capital expenditure (capex) amounting to P48.1 billion from 2038 to 2043 for the development of the water treatment plant for the Kangan-Agos project, with an estimated capex of P91.1 billion.

. . . .“

We confirm that the information contained in the above-quoted news article is correct and that the same is in accordance with its 2023 Service Improvement Plan approved by the MWSS Regulatory Office.

However, kindly note that the correct name of the project is “Kanan-Agos” (not Kangan-Agos).

We hope to have clarified the above-quoted news article for the benefit of the Exchange and the investing public.

Thank you.
Other Relevant Information

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Filed on behalf by:
Name Romelyn Obligacion
Designation Enterprise Senior Legal Counsel