C01027-2024

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)
Feb 27, 2024
2. SEC Identification Number
1803
3. BIR Tax Identification No.
00406761000
4. Exact name of issuer as specified in its charter
ab
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
ABS-CBN Broadcasting Center, Sgt. Esguerra Ave. cor. Mother Ignacia Street Quezon City Postal Code 1103
8. Issuer's telephone number, including area code
+63234152272
9. Former name or former address, if changed since last report
Not Applicable
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 Shares 899,848,111
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.

ABS-CBN CorporationABS

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 REPORT

Source Daily Tribune
Subject of News Report Regal comeback
Date of Publication Feb 27, 2024
Clarification of News Report

We write in reply to the Exchange’s request for clarification to the news article entitled "Regal comeback” posted in Daily Tribune on February 27, 2024, it was reported in part that:

“A strong undercurrent is threatening to shake up the broadcast industry due to stories in the grapevine that ABS-CBN would likely make a comeback after losing its franchise in the previous regime.

After President Ferdinand Marcos Jr. was sworn in, the National Telecommunications Commission awarded the frequencies of ABS-CBN to Villar’s Advanced Media Broadcasting System.

Without a broadcasting franchise, the Lopez group which owns ABS-CBN, sold its assets to former Senator Manny Villar’s ALLTV network.

Rumors has it that ABS-CBN will get back all its assets which may mean that the Lopezes are confident of retaking their erstwhile jewel, possible with a new franchise.

President Ferdinand Marcos Jr. said there is no reason to deny the broadcast firm a fresh franchise ‘if the issues raised during the hearings conducted by the House of Representatives are resolved.’

. . . .”

ABS-CBN Corporation disposed of assets that the company no longer needed to various broadcasting networks after we ceased operations as a broadcasting company. It is not true that ABS-CBN is applying for a new franchise nor does it intend to buy back any of the assets it sold.

Other Relevant Information

N/A

Filed on behalf by:
Name Paul Michael Villanueva Jr.
Designation Chief Risk Management Officer, Chief Compliance Officer & Head, ABS-CBN Shared Service Center