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, 2016

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 SHARES	1,200,000,000

11. Indicate the item numbers reported herein

Item 9: Other matters

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 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules

Subject of the Disclosure
Share buyback transactions of December 22, 2016
Background/Description of the Disclosure
In accordance with the Share Buyback Mandate approved by the Company's Board of Directors on 8 November 2016, the Company purchased a total of 150,000 Company shares on December 22, 2016 at an average price of PhP 5.41 per share

Type of Securities

• Common
• Preferredn/a
• Othersn/a

Details of Share Buy-Back Transaction(s)

Date of Transaction	Number of Shares Purchased	Price Per Share
Dec 22, 2016	3,500	5.30
Dec 22, 2016	3,000	5.39
Dec 22, 2016	65,000	5.40
Dec 22, 2016	78,500	5.42
	150,000

Effects on Number of Shares

	Before	After
Outstanding Shares	1,196,459,200	1,196,309,200
Treasury Shares	3,540,800	3,690,800

Cumulative Number of Shares Purchased to Date 1	3,690,800
Total Amount Appropriated for the Buy-Back Program	PhP200,000,000.00
Total Amount of Shares Repurchased	PhP19,756,470*

Other Relevant Information
*Total amount of share repurchased excluded taxes, fees and commission.

¹ From the date when the share buy-back program commenced.