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)

May 12, 2016

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503

4. Exact name of issuer as specified in its charter

SBS PHILIPPINES CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

NO. 10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

(02) 371 1111

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 SHARES	1,200,000,000

11. Indicate the item numbers reported herein

ITEM 9 : OTHER MATTERS

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.

SBS Philippines CorporationSBS

PSE Disclosure Form 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
CASH DIVIDEND DECLARATION OF SBS PHILIPPINES CORPORATION
Background/Description of the Disclosure
On 12 May 2016 , the Company's Board of Directors resolved to declare cash dividends of PhP 0.037 per share, or a total of PhP 44.4 million on all outstanding common shares, to be payable on 22 June 2016 to all stockholders of record as of 1 June.2016.

Type of Securities

• Common
• Preferredn/a
• Othersn/a

Cash Dividend

Date of Approval by Board of Directors	May 12, 2016
Other Relevant Regulatory Agency, if applicable	n/a
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Type (Regular or Special)	Regular
Amount of Cash Dividend Per Share	PhP 0.037 per share
Record Date	Jun 1, 2016
Payment Date	Jun 22, 2016

Source of Dividend Payment
The dividend payment is declared from the Company's unrestricted retained earnings as of 31 December 2015.
Other Relevant Information
This cash dividend declaration amounts to a dividend payout ratio of approximately 28% of the Company's net income after tax in 2015, higher than the stated dividend policy of paying a minimum of approximately 20% of prior year's net profit.