Remarks

C07644-2017

This is with reference to C07603-2017 dated December 19, 2017 regarding the request for voluntary trading suspension of San Miguel Corporation ("SMC" or the "Company"). In relation thereto, SMC submitted its disclosure regarding the material acquisition by SMC Global Power Holdings Corp., a wholly-owned subsidiary of the Company. Please refer to C07643-2017 dated December 20, 2017 for the details. Given the foregoing, please be informed that the trading suspension implemented on the Company's shares will be lifted at 10:00AM today, December 20, 2017. A 10-minute reservation period will be implemented prior to resumption of trading at 10:00AM. Orders, other than cross transactions, can be posted, modified and cancelled during the reservation period. For your information and guidance.

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.

San Miguel CorporationSMC

PSE Disclosure Form 4-34 - Voluntary Trading Suspension

Subject of the Disclosure
Voluntary Trading Suspension
Background/Description of the Disclosure
The Company is requesting for a voluntary trading suspension pending the completion of the submission of information through Form 5-1

Stock Symbol(s) of Affected Securities	SMC, SMCP1, SMC2B, SMC2C, SMC2D, SMC2E, SMC2F, SMC2G, SMC2H, SMC2I

Trading Suspension Details
Execution Date	Dec 19, 2017
Execution Time	9:10am
Lifting Date	Dec 20, 2017
Lifting Time	10am

Reason(s) for the request
The Company is requesting for a voluntary trading suspension pending the completion of the submission of information through Form 5-1 in relation to the acquisition by SMC Global Power Holdings Corp. of 100% of the shares in Mason-AES Pte. Ltd. which, through its subsidiaries, owns operates the 2x315 MW coal-fired power plant.
Other Relevant Information
The disclosure is amended to indicate the lifting date of December 20, 2017 and the lifting time at 10 a.m.

Filed on behalf by:

Name	Mary Rose Tan
Designation	Associate General Counsel and Assistant Corporate Secretary