C04698-2024

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)
Jul 15, 2024
2. SEC Identification Number
16342
3. BIR Tax Identification No.
000-169-020-000
4. Exact name of issuer as specified in its charter
SM Investments Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor, OneE-com Center, Harbour Drive, Mall of Asia Complex, Pasay City Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8857-0100
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 1,222,023,358
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.

SM Investments CorporationSM

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 Article entitled "SM Investments unit to drill more geothermal wells"
Source ManilaStandard.net (online edition)
Subject of News Report SM Investments unit to drill more geothermal wells
Date of Publication Jul 14, 2024
Clarification of News Report

Ladies and Gentlemen:

We reply to the request for clarification of The Philippine Stock Exchange, Inc. on the news article entitled “SM Investments unit to drill more geothermal wells” posted in ManilaStandard.net (online edition) on July 14, 2024, the pertinent portion of which reads:

“The Philippine Geothermal Production Company, Inc. (PGPC) said over the weekend it will start the exploration and development of new geothermal energy sources in different areas in Luzon with potential capacity of up to 400 megawatts in the next five to seven years.

The company, led by SM Investments Corp., said the five new project concession sites are located in geothermal-rich areas in the provinces of Kalinga, Benguet, Cagayan, Quezon, Camarines Norte and Camarines Sur.

SMIC president and chief executive, also PGPC chairman Frederic DyBuncio, said ‘SM’s investment in PGPC underscores the group’s dedication to help create a more sustainable future.’

PGPC aims to establish fully operational geothermal fields capable of generating between 250 MW to 400 MW of additional renewable baseload power which can be readily dispatched to power plants and other prospective off-takers.

PGPC said these projects will help bolster power security for Luzon and advance the country’s renewable energy objectives.

‘With these projects slated for completion within the next 5 to 7 years, they will be sources of additional renewable baseload power that will help reduce the risk of power supply shortages in the Luzon power grid,’ said PGPC president Napoleon Saporsantos Jr.

‘They will also play a pivotal role in the Department of Energy’s target of having renewable energy sources account for at least 50 percent of the country’s total power capacity by 2040,’ he said.

Saporsantos said the project would spur economic development in each area and benefit its residents.

‘These projects from the exploration and development phase all the way up to commercial operation are expected to create over 2,000 jobs, with priority given to hiring qualified local residents in our host communities,’ he said.


. . . .”

We confirm the pertinent facts in the news report that has been published.

Thank you.
Other Relevant Information

Please see attachment.
Filed on behalf by:
Name Elmer Serrano
Designation Corporate Secretary