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)

Mar 7, 2018

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 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 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Manila Water’s Indonesia Subsidiary Purchase of 20% Shares in PT. Sarana Tirta Ungaran
Background/Description of the Disclosure
Please be informed that PT. Manila Water Indonesia (PT MWI), a 95% owned subsidiary of Manila Water Company, Inc. in Indonesia, has paid the purchase price of 4,478 shares of PT. Sarana Tirta Ungaran (PT STU) following the signing of the Share Purchase Agreement with PT. Triguna Rapindo Mandiri which will allow PT MWI to own twenty percent (20%) of the outstanding capital stock of PT STU. The total cost of acquisition is IDR10 billion, or close to Php40 million, that was paid through internally generated funds. PT STU is a bulk water supply company servicing PDAM Kabupaten Semarang and industrial customers in Bawen, located in Ungaran area of Semarang Regency, Central Java Province, Indonesia, with a capacity of 21.5 million liters per day. Its customers include PT. APAC Inti Corpora, a 100-hectare textile and garment manufacturing company. Please see attached press release for more information.

Date of Approval by Board of Directors	Feb 2, 2018

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
New Business Opportunity in Indonesia, in line with Company’s business strategy

Details of the acquisition or disposition

Date	Mar 7, 2018

Manner
Acquisition of 20% share of STU
Description of the company to be acquired or sold
PT. Sarana Tirta Ungaran (“STU”) to acquire 20% of the company. STU services PDAM Kabupaten Semarang, a regency in Central Java, under a 27-year BOT bulk water supply contract commencing in 2004, and industrial customers in its Bawen District, with a capacity of 21.5 million liters per day. Its customers include PT. APAC Inti Corpora, a 100-hectare textile and garment manufacturing company.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	4,478
Percentage to the total outstanding shares of the company subject of the transaction	20
Price per share	IDR 2,233,139.79

Nature and amount of consideration given or received
Cash / IDR 10 Billion
Principle followed in determining the amount of consideration
the consideration was based on the value agreed by the Parties
Terms of payment
One time payment of the total purchase price
Conditions precedent to closing of the transaction, if any
-
Any other salient terms
-

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
PT. TRIGUNA RAPINDO MANDIRI	The Company has no relationship with STU.

Effect(s) on the business, financial condition and operations of the Issuer, if any
Additional net income contribution to the Issuer.
Other Relevant Information
-