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 27, 2017

2. SEC Identification Number

14829

3. BIR Tax Identification No.

000-164-757

4. Exact name of issuer as specified in its charter

Pilipinas Shell Petroleum Corporation

5. Province, country or other jurisdiction of incorporation

Makati City, Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Shell House, 156 Valero St., Salcedo Village,Brgy. Bel-Air, Makati City Postal Code 1227

8. Issuer's telephone number, including area code

(63 2) 816 6501

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	1,613,444,202

11. Indicate the item numbers reported herein

Item 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.

Pilipinas Shell Petroleum CorporationSHLPH

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 - “Shell: Real estate business running by 2018”

Source	The Manila Times.net
Subject of News Report	"Shell: Real estate business running by 2018"
Date of Publication	Dec 26, 2017

Clarification of News Report
Clarification of News Report - “Shell: Real estate business running by 2018” The Manila Times.net published on 26 December 2017 the attached news report entitled “Shell: Real estate business running by 2018”, the pertinent portion reads: “PILIPINAS Shell Petroleum Corp. is poised to enter the property arena in 2018 by putting up its own real estate company, a top official said. ‘By next year, we expect to have our real estate company,’ Cesar Romero, president and chief executive officer of Shell, told reporters. xxx In addition, he said Shell is also planning to enter the renewable energy (RE) sector and is in ‘the process of setting it up. Definitely by next year, it should be ongoing.’ Shell, according to Romero, is ‘not necessarily anchored on setting up a generation facility’ as their intention is to be beyond the traditional solar panel installer. ‘It’s actually being a renewable energy provider, mixed with hybrid. It’s a blended energy provision with a renewable component. Basically, provision of energy, which could be a combination of hybrid, of renewables and some other component, not just solar installations,’ he added. The integrated energy company is currently looking for a local partner to comply with the 60-40 foreign ownership rules in favor of Filipino entities. Romero said this process is somewhat challenging on the part of Shell since they need to ‘work out with a partner and then set up the JV [joint venture] arrangements.’ He said Shell is in the process of discussions in order to seal a JV agreement with ‘reputable and prominent members of the community,’ adding potential areas are ‘being worked out’ for their RE investment. xxx” Pilipinas Shell Petroleum Corporation (“SHLPH”) clarifies that it has no intention to put up a real estate company in 2018. SHLPH further clarifies that it is presently not directly participating in the renewable energy (“RE”) sector. Speaking in his capacity as Country Chairman of the Shell companies in the Philippines, Mr. Romero was referring to the Shell Group’s current efforts in reviewing the best option for entering the RE sector in the Philippines.
Other Relevant Information
Please refer to the attachments.