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 10, 2016

2. SEC Identification Number

184044

3. BIR Tax Identification No.

350000775860

4. Exact name of issuer as specified in its charter

JG Summit Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

43/F Robinsons Equitable Tower ADB Ave. cor. Poveda St. Ortigas Center, Pasig City Postal Code 1600

8. Issuer's telephone number, including area code

(632) 6337631 to 40

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	7,162,841,657

11. Indicate the item numbers reported herein

Other Events

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.

JG Summit Holdings, Inc.JGS

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 Reports

Source	BusinessWorld Online
Subject of News Report	Gokongwei to expand petrochemical business
Date of Publication	Jun 9, 2016

Clarification of News Report
We refer to your letter dated June 10, 2016 requesting JG Summit Holdings, Inc. to clarify and/or confirm a news article entitled “Gokongwei to expand petrochemical business” posted in BusinessWorld Online on June 9, 2016. The article reported in part that: “JG SUMMIT Holdings, Inc. will further expand its businesses, investing up to $600 million to expand its petrochemical operations by 2019. The listed conglomerate will commission a study on possibly expanding its petrochemical business this year, its President and Chief Operating Officer Lance Y. Gokongwei told reporters after a stockholders’ meeting in Ortigas on Thursday. ‘We’re planning to spend $500 million to $600 million in expanding our petrochemical operations. This will require us to expand the cracker, build further downstream for butadiene and aromatics stream,’ he said. The expansion of JG Summit’s petrochemical business would reduce the country’s dependency on butadiene and aromatics imports, Mr. Gokongwei noted. JG Summit intends to expand the downstream capacity of its existing petrochemical plant in Batangas to 500,000 metric tons from 320,000 metric tons per annum. ‘This year is the planning stage but the heavy spending will start 2017, 2018 to prepare the ground and earth works and securing all the bids and permits, etcetera,’ Mr. Gokongwei noted. JG Summit will finance the expansion using internally generated cash flow and borrowing. ‘We’re confident that through a combination of internally generated cash flow and borrowing, the petrochemical business will be able to fund this expansion,’ Mr. Gokongwei said. . . . . ” We confirm the information contained in the aforementioned news article regarding the expansion by JG Summit Petrochemical Corporation of its naphtha cracker, and for the additional extraction units for butadiene and aromatics, with the following clarifications: Early engineering studies completed have indicated that the cracker may be expanded by up to 50% or up to 480 kTA capacity as ethylene from previous 320 kTA. Target completion of all projects is by 2020, with total combined cost estimated to be around USD 500 – 600 M. Funding of the expansion may be at the Petrochem-subsidiary level through a mix of internally generated cash and debt.
Other Relevant Information
N/A