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)

Aug 22, 2017

2. SEC Identification Number

168063

3. BIR Tax Identification No.

000-065-142

4. Exact name of issuer as specified in its charter

PRYCE CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

17th Floor PRYCE CENTER 1179 Chino Roces Avenue corner Bagtikan Street, Makati City Postal Code 1203

8. Issuer's telephone number, including area code

(+632) 899-4401

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	2,000,000,000

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.

Pryce CorporationPPC

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 - PPC Philstar “Pryce expands capacity of LPG terminal”

Source	philstar.com
Subject of News Report	“Pryce expands capacity of LPG terminal”
Date of Publication	Aug 22, 2017

Clarification of News Report
We write in response to your request for clarification/confirmation of the news article entitled “Pryce expands capacity of LPG terminal” posted in philSTAR.com on August 22, 2017 which reported in part that: “MANILA, Philippines - Pryce Corp. is expanding the capacity of its liquefied petroleum gas (LPG) terminals to solidify its position as one of the country’s major distributors of cooking gas in Visayas and Mindanao, company officials said. The company, through subsidiary Pryce Gases Inc. (PGI), is boosting its storage capacity in three locations, namely Sta. Cruz, Davao del Sur; Balingasag, Misamis Oriental and Sogod, Cebu, Pryce president and chief operating officer Efren Palma said. The Davao del Sur terminal will have an additional 1,200 metric tons (MT) on top of its existing 2,200 MT capacity which will be completed in September. Another 2,000 MT will be built in the 1,100-MT terminal in Balingasag, Misamis Oriental and an additional 1,200 MT will be added to the existing 2,590-MT terminal in Sogod, Cebu. Both expansion works will be completed in May 2018, Palma said. ‘All these ongoing expansion show the serious intent of Pryce Gases to enhance and further solidify its market positions in the regions being served by these terminals,’ he said. . . . . Thus apart from the three terminals, Pryce is also looking at expanding its three other terminals in the Visayas and Mindanao. ‘We have seven in Visayas and Mindanao, four are being expanded. Eventually, two, three years from now, we may expand the remaining three to make it possible to receive cargo in one go,’ Escano said. . . . .” We wish to confirm the quoted statements made by our our President, Mr. Palma, and our Chairman, Mr. Salvador Escaño. Furthermore, we wish to state that Mr. Escaño's statements are reflective of the plans of the company in the longer term. We trust that we have adequately satisfied your request. Thank you.
Other Relevant Information
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