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 17, 2017

2. SEC Identification Number

91447

3. BIR Tax Identification No.

000190324000

4. Exact name of issuer as specified in its charter

SEMIRARA MINING AND POWER CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F DMCI Plaza, 2281 Don Chino Roces Avenue, Makati City Postal Code 1231

8. Issuer's telephone number, including area code

632-8883000/8883055

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	1,065,286,430

11. Indicate the item numbers reported herein

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.

Semirara Mining and Power CorporationSCC

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
DMCI beefs up capital outlay in 2017 to P28B

Source	Inquirer.net
Subject of News Report	DMCI beefs up capital outlay in 2017 to P28B
Date of Publication	May 17, 2017

Clarification of News Report
This has reference to the news article entitled “DMCI beefs up capital outlay in 2017 to P28B” posted in Inquirer.net on May 17, 2017. The article reported in part that: “. . . . Of group-wide capital spending, Semirara Mining and Power Corp. will have an allotment of P14.5 billion. Semirara is steadily increasing its capacity to a maximum of 16 million metric tons to take advantage of favorable coal prices and local market demand. . . . .” This is to clarify that the P14.5 billion capex budget allotted for 2017 by Semirara Mining and Power Corporation (SMPC) represents consolidated Capex budget. The coal segment allotted around P7 billion, inclusive of capital expenditures for the target increase in coal mining capacity. The balance of P7.5 billion is for the power segment’s capex requirement for 2017 covering normal maintenance capex and equipment enhancements for the Calaca power units under Sem-Calaca Power Corporation and Southwest Luzon Power Generation Corporation, the wholly-owned operating power subsidiaries of SMPC.
Other Relevant Information
None.