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)

Nov 24, 2025

2. SEC Identification Number

PW-102

3. BIR Tax Identification No.

000-101-528-000

4. Exact name of issuer as specified in its charter

Manila Electric Company

5. Province, country or other jurisdiction of incorporation

The Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City Postal Code 1605

8. Issuer's telephone number, including area code

(02) 8632 8014

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
Common	1,127,092,509
Debt Securities (Bonds in Billion PhP)	2.87

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.

Manila Electric CompanyMER

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 Information Reported in News Article

Source	ManilaStandard.net
Subject of News Report	Meralco’s MGreen eyes 2026 share swap with SPNEC
Date of Publication	Nov 23, 2025

Clarification of News Report
With reference to the subject news article, Manila Electric Company, the parent company of MGEN Renewable Energy, Inc. (“MGreen”) through Meralco PowerGen Corporation (“MGen”) reiterates its clarificatory response on March 14, 2025, July 28, 2025, September 29, 2025, and October 20, 2025, that MGen is evaluating the potential initial public offering of MGreen. At this stage, there is no new material information to disclose on the matter as the details of the foregoing are still being assessed by MGen with its professional advisors. Separately, the proposed share swap between MGreen and SP New Energy Corporation is still under consideration, thus, MGEN has determined that it is still premature to provide a specific timeline for the said transaction. We trust that you find the foregoing clarification in order.
Other Relevant Information
Please refer to the attached disclosure.