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 19, 2017

2. SEC Identification Number

PW-102

3. BIR Tax Identification No.

000-101-528-000

4. Exact name of issuer as specified in its charter

Manila Electric Company

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City Postal Code 1605

8. Issuer's telephone number, including area code

(02) 6328014

9. Former name or former address, if changed since last report

Not applicable

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	1,127,098,705
Debt Securities (Bonds in Billion PhP)	18.5

11. Indicate the item numbers reported herein

Item 9 (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.

Manila Electric CompanyMER

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
Agreement of Shareholders and Subscription of Shares - Manila Electric Company (MERALCO), Republic Surety and Insurance Company, Incorporated (RSIC) and Pioneer Insurance & Surety Corporation (PIONEER)
Background/Description of the Disclosure
Please be informed that today, the Manila Electric Company (MERALCO), Republic Surety and Insurance Company, Incorporated (RSIC) and Pioneer Insurance & Surety Corporation (PIONEER) entered into an Agreement of Shareholders and for Subscription of Shares (Agreement), wherein RSIC shall issue Two Million Nine Hundred Thousand (2,900,000) shares (New Shares) out of its unissued capital stock to MERALCO and Pioneer. MERALCO shall subscribe to Eighteen Thousand Five Hundred (18,500) New Shares and PIONEER shall subscribe to Two Million Eight Hundred Eight-One Thousand Five Hundred (2,881,500) New Shares. The subscription will result in PIONEER owning 51% and MERALCO, 49% of RSIC.
Other Relevant Information
Refer to attached disclosure.