SECURITIES AND EXCHANGE COMMISSIONSEC FORM 18-A

REPORT BY OWNER OF MORE THAN FIVE PERCENT

Check the appropriate box:

Initial Filing

Amendment

Item/s amended by the Filing N/A

1. Exact Name of Registrant as Specified in its Charter

ITALPINAS DEVELOPMENT CORPORATION

a. Address of Principal Offices

Unit 28C BPI Philamlife Building, 6811 Ayala Ave., Makati Postal Code 1226

b. SEC Identification Number

CS200900917

c. Industry Classification Code(SEC Use Only)

d. BIR Tax Identification No.

007-213-353-000

2. Name of Reporting Person

Antonio B. Herbosa

a. Address of Principal Offices

74B Zodiac Street, Bel-air 4, Makati Postal Code 1209

b. Telephone Number of Reporting Person

(632)8896-5722

c. Citizenship or Place of Organization of Reporting Person

Philippines

Name, Address and Telephone Number of person authorized to receive notices and communications if reporting person is a partnership, corporation or other legal entity

N/A

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.

Italpinas Development CorporationIDC

PSE Disclosure Form 17-8 - Report by Owner of More Than Five Percent
References: SRC Rule 18
and Section 17.5 of the Revised Disclosure Rules

Description of the Disclosure
Please refer to the attached SEC Form 18-A on the Report of Owner of More than Five Percent.