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 26, 2018

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503

4. Exact name of issuer as specified in its charter

SBS PHILIPPINES CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

(02) 371-1111

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	1,549,999,999

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.

SBS Philippines CorporationSBS

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
SBS Group’s expected Gain on Equity Share of an Associate (Berny Philippines Holdings Corporation - BPHC) from sale of BPHC’s investment property.
Background/Description of the Disclosure
Berny Philippines Holdings Corporation (“BPHC”), an associate of SBS Philippines Corporation (“SBS”) and SBS Holdings and Enterprises Corporation (“SBS Holdings”), informed its shareholders today that it has disposed of an investment property which will result in a one-time gain for BPHC in 2018. SBS and SBS Holdings owns 5.5% and 17.5%, respectively, of BPHC. Their share of the expected gain from the disposal of BPHC’s investment property is estimated at approximately Php 155 million for 2018. SBS Holdings and Enterprises Corporation is a wholly owned subsidiary of SBS Philippines Corporation.
Other Relevant Information
N/A