C07324-2017

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)
Dec 6, 2017
2. SEC Identification Number
A199611593
3. BIR Tax Identification No.
005038428
4. Exact name of issuer as specified in its charter
Manila Water Company, Inc.
5. Province, country or other jurisdiction of incorporation
Quezon City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
MWSS Administration Building, 489 Katipunan Road, Balara, Quezon City, Philippines Postal Code 1105
8. Issuer's telephone number, including area code
(02) 981-8122
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 Shares 2,053,945,884
11. Indicate the item numbers reported herein
Please see attached letter to the PSE and SEC.

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.

Manila Water Company, Inc.MWC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Notice of Award from the Leyte Metropolitan Water District

Background/Description of the Disclosure

Please be informed that Manila Water Company, Inc. (“Manila Water”) received the Notice of Award dated December 6, 2017 (the “Notice”) from the Leyte Metropolitan Water District (LMWD) for the implementation of the joint venture project for the design, construction, rehabilitation, maintenance, operation, financing, expansion, and management of the water supply and sanitation facilities and services of LMWD in the Province of Leyte (the “Project”).

The conditions precedent specified in the Notice include the incorporation of a special purpose vehicle (SPV) which will implement the Project under a contractual joint venture with the LMWD.

Upon completion of the conditions precedent specified in the Notice, the SPV and the LMWD shall enter into a joint venture agreement that will grant the SPV, as contractor to perform certain functions and as agent for the exercise of, the sole and exclusive right to manage, operate, maintain, repair, refurbish and improve, expand and as appropriate, decommission, the facilities of LMWD in its Service Area, including the right to bill and collect tariff for the provision of water supply and sanitation services in the Service Area of LMWD.

LMWD’s Service Area covers the City of Tacloban and seven other municipalities namely, Palo, Tanauan, Dagami, Tolosa, Pastrana, TabonTabon, Santa Fe, all in the Province of Leyte, with a total estimated population of 483,000. As of 2016, LMWD serves over 31,000 water service connections with a billed volume of 27 Million liters per day. Manila Water's proposal includes the following: (i) Development of interim and long term sources, (ii) Expansion of distribution network, (iii) Reduction of Non-Revenue Water and (iv) development of Sanitation Services.

Manila Water undertakes to provide the Exchange with further developments regarding this transaction.

Other Relevant Information

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Filed on behalf by:
Name Josephine Pagdanganan
Designation Senior Legal Counsel