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 22, 2022

2. SEC Identification Number

PW-55

3. BIR Tax Identification No.

000-488-793

4. Exact name of issuer as specified in its charter

PLDT Inc.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

RAMON COJUANGCO BUILDING, MAKATI AVENUE, MAKATI CITY Postal Code 1200

8. Issuer's telephone number, including area code

(632) 82500254

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
-	-

11. Indicate the item numbers reported herein

-

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.

PLDT Inc.TEL

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 the news article entitled “PLDT to borrow up to P45 billion to pay dividends, trim debt” as published by The Philippine Star via philstar GLOBAL on December 22, 2022

Source	The Philippine Star via philstar GLOBAL
Subject of News Report	PLDT to borrow up to P45 billion to pay dividends, trim debt
Date of Publication	Dec 22, 2022

Clarification of News Report
We confirm the statement of PLDT Inc.’s President and Chief Executive Officer, Mr. Alfredo S. Panlilio (“Mr. Panlilio”), that the Company may incur additional debt in the short term. His statement, however, does not include the impact on the Company’s reported income. The plan to borrow P35-45 billion in the next two years is for general corporate purposes including, but not limited to, payment of CAPEX and dividends. We wish to clarify that the P48 billion CAPEX overrun includes, but is not limited to, site roll out, transport projects, and ports roll out. The reference to the 5G assets and related discussion mentioned in the news article, were cited as an example, but they do not comprise the bulk of the P48 billion CAPEX overrun. The deferment of the 5G rollout was in relation to the tepid market adoption of 5G handsets given that these are still not affordable for most of the Philippine prepaid market. The 5G assets in the warehouses are not to be written off. Those 5G assets could either be repurposed for 4G/LTE or deployed when 5G adoption in the market picks up. Mr. Pangilinan made reference to possible write-offs of older equipment that serve the 2G, 3G and legacy transport elements of our network.
Other Relevant Information
Please refer to the attachment