C06210-2017

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)
Oct 17, 2017
2. SEC Identification Number
9170
3. BIR Tax Identification No.
040-000-400-016
4. Exact name of issuer as specified in its charter
UNIVERSAL ROBINA CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8th Floor, Tera Tower, Bridgetowne, E. Rodriguez, Jr. Avenue (C5 Road), Ugong Norte, Quezon City, Metro Manila Postal Code 1110
8. Issuer's telephone number, including area code
(632) 633-7631 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 2,204,161,868
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.

Universal Robina CorporationURC

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 Business Mirror (Internet Edition)
Subject of News Report URC transmission project given green light by ERC
Date of Publication Oct 16, 2017
Clarification of News Report

We refer to your letter dated October 17, 2017 with respect to the news article entitled “URC transmission project given green light by ERC” posted in Business Mirror (Internet Edition) on October 16, 2017. The article reported in part that:

“GOKONGWEI-led Universal Robina Corp. (URC) has secured approval from regulators for its transmission facility in the Visayas region.

The Energy Regulatory Commission (ERC) announced it approved URC’s application to build a point-to-point (P2P) transmission facility to connect the firm’s 46-megawatt (MW) biomass-power plant in Negros Occidental to the Visayas grid. ‘The approval of URC’s application will redound to the benefit of the power consumers in terms of continuous, quality, reliable and efficient power supply,’ the ERC said in a 17-page decision docketed in September.

The ERC allowed the URC to develop and own a dedicated P2P limited transmission facilities to connect the Kabankalan plant to the Visayas grid through the transmission system of the National Grid Corp. of the Philippines (NGCP).

However, one condition the ERC asks is for URC to turn over to the NGCP the switchyard and its associated facilities that have transmission function. URC would also have to pay a permit fee of P929,430.55.

The said transmission facility is necessary for the power plant to deliver its generated power through the 69-kilovolt (kV) Kabankalan-Mabinay transmission facility of the NGCP. The project cost is estimated at P123,924,973.21.

The plant will use bagasse, a sugarcane by-product from URC’s sugar mill, as feedstock. URC’s sugar mill in Kabankalan has a capacity of about 9,000 tons per day. The plant is URC’s foray into renewable energy.

Half of its output will be used by the firm’s sugar mill. The other half will go to the national grid under a 25-year operating contract with the energy department.

. . . .”

Universal Robina Corporation ("URC") confirms the information stated above. The transmission project is not expected to have any material adverse effect on the business, operations and financial conditions of URC.

Other Relevant Information

N/A

Filed on behalf by:
Name Rosalinda Rivera
Designation Corporate Secretary