C02942-2018

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)
Apr 30, 2018
2. SEC Identification Number
31050
3. BIR Tax Identification No.
000-152-291
4. Exact name of issuer as specified in its charter
Sta. Lucia Land, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Penthouse, Building 3, Sta. Lucia Mall, Marcos Highway corner Imelda Avenue, Cainta, Rizal Postal Code 1900
8. Issuer's telephone number, including area code
(02) 681-7332
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 8,946,450,000
11. Indicate the item numbers reported herein
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.

Sta. Lucia Land, Inc.SLI

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

The Manila Times news article entitled: Sta Lucia to spend over P5B for 2018 expansion
Source Please refer to the attached file.
Subject of News Report Sta Lucia to spend over P5B for 2018 expansion
Date of Publication Apr 30, 2018
Clarification of News Report

We refer to your correspondence dated 30 April 2018 requiring Sta. Lucia Land, Inc. (the “Corporation”) to clarify and confirm a news article entitled “Sta Lucia to spend over P5B for 2018 expansion” published in the 30 April 2018 issue of the Manila Times (Internet Edition). The article reported in part that:

“PROPERTY developer Sta. Lucia Land, Inc. (SLI) is looking to spend over P5 billion this year for land acquisition and property development across the country.

In a news conference on Friday, SLI President Exequiel Robles said the company had so far purchased over 1,000 hectares (ha) of land ready for development, which are mostly located in areas outside of Metro Manila such as Davao, Iloilo, Bacolod, Laguna, Cavite, Baguio, and Pangasinan.

In Metro Manila, the company has acquired properties in Quezon City, Marikina, and Pasig City. Altogether, the 1,000 hectares of land can be developed into 25 projects, SLI said.

For 2018, SLI is targeting to commence at least 10 new developments that are projected to generate around P15 billion in sales.

These future projects include Green Peak Heights in Palawan; Nasacosta in Batangas; La Alegria in Silay City, Negros; Sotogrande in Davao; Santorini in Cainta; and the Sta Lucia Business Center in Pasig City. All the projects will be built through joint venture agreements.

To date, construction of 40 projects nationwide is under way.

. . . .

Earlier this year, SLI raised P5 billion from a corporate notes facility with several banks. Proceeds will help fund its P15 billion three-year capital expenditure program, finance expansion plans, and repay existing debt.

The company is targeting 10-15 percent growth in net sales for full-year 2018 on the back of its new residential offerings.”

The Corporation would like to clarify the following:

First Sentence: Property developer Sta. Lucia Land, Inc. (SLI) is looking to spend an estimated P5 billion this year for land acquisition and property development across the country.

Second Sentence: In a news conference on Friday, SLI President Exequiel Robles said the company has so far made both land acquisitions and joint venture agreements covering 1,000 hectares (ha) of land ready for development, which are mostly located in areas outside of Metro Manila such as Davao, Iloilo, Bacolod, Laguna, Cavite, Baguio, and Pangasinan.

Third Sentence: In Metro Manila, the company has acquired properties in Quezon City, Marikina, and Pasig City. Altogether, the 1,000 hectares covered by land acquisitions and joint ventures can be developed into an estimated 25 projects, SLI said.

Fourth Sentence: For 2018, SLI is targeting to commence at least 10 new developments that are projected to generate an estimated P10 billion to P15 billion in sales.

Fifth Sentence: These on-going projects include Green Peak Heights in Palawan; Nasacosta in Batangas; La Alegria in Silay City, Negros; Sotogrande in Davao; Santorini in Cainta; and the Sta Lucia Business Center in Pasig City. All on-going projects will be built through either joint venture agreements or land acquisitions.

Sixth Sentence: To date, construction of over 40 projects nationwide is under way.

Twelfth Sentence: Earlier this year, SLI raised P5 billion from a corporate notes facility with several banks. Proceeds will help fund its estimated P15 billion three-year capital expenditure program, finance expansion plans, and repay existing debt.

Thirteenth Sentence: The company is targeting 10-15 percent growth for full-year 2018 on the back of its new residential offerings.
Other Relevant Information

N/A
Filed on behalf by:
Name Jennifer Marie Castro
Designation Acting Corporate Secretary