C00352-2020

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)
Jan 21, 2020
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) 8681-7332
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 8,196,450,000
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 BusinessWorld Online news article entitled: Sta. Lucia prepares hotel, resort expansion on tourism prospects
Source Please refer to the attached file
Subject of News Report Sta. Lucia prepares hotel, resort expansion on tourism prospects
Date of Publication Jan 21, 2020
Clarification of News Report

We refer to your correspondence dated 21 January 2020 requiring Sta. Lucia Land, Inc. (the “Corporation”) to clarify and confirm a news article entitled "Sta. Lucia prepares hotel, resort expansion on tourism prospects” posted on 21 January 2020 in BusinessWorld Online. The article reported that:

“The growth of the country’s tourism industry is pushing a listed firm to boost its hotel and resorts business within the medium term.

In a statement yesterday, Sta. Lucia Land, Inc. (SLI) said it wants to increase its hotel portfolio to about 2,000 rooms to ‘ride on the bullish prospects of the Philippine travel and tourism industry.’

‘We hope to be a major player in the tourism growth story, as the Philippines now inches closer to its goal of hitting 10 million international arrivals by 2022,’ SLI President Exequiel D. Robles said in the statement.

The target increase in SLI’s hotel rooms means completion of at least three new projects over the medium term: Sotogrande Palawan in Puerto Princesa, Sotogrande Baguio in Baguio City and Sta. Lucia Residenze Tower 3 in Cainta Rizal. These projects, SLI said, are equivalent to about 400 new rooms.

‘…tourism in the country remains alive and robust and we, at Sta. Lucia Land, are doing what we can to contribute by providing quality accommodations for both our local and foreign tourists,’ Mr. Robles added.

SLI currently has 13 hotel, condotel and resort projects in its portfolio, which are equivalent to 1,600 rooms. These are located in Quezon City, Zambales, Batangas, Cavite, Cebu, Iloilo, Davao City and Palawan.

In the first nine months of 2019, the company’s revenues from its rental business slipped 5% to P638.88 million, but remained the second largest contributor to its total revenues which jumped 77% to P5.61 billion.

SLI is part of the Sta. Lucia Group which has 220 projects on its sleeves from hotels, resorts residential condominiums, subdivisions, resort-themed homes and lake and golf communities.

Shares in SLI saw a 3-centavo uptick or 1.22% climb to close at P2.49 each on Monday.”

The Corporation would like to clarify the following:

Second paragraph: In a statement yesterday, Sta. Lucia Land, Inc. (SLI) said it wants to increase its hotel portfolio to an estimate of over 2,000 rooms to ‘ride on the bullish prospects of the Philippine travel and tourism industry.’

Third paragraph: ‘We hope to be a major player in the tourism growth story, as the Philippines now inches closer to its goal of hitting a DOT estimate of 10 million international arrivals by 2022,’ SLI President Exequiel D. Robles said in the statement.

Fourth paragraph: The target increase in SLI’s hotel rooms means completion of at least three new projects over the medium term: Sotogrande Palawan in Puerto Princesa, Sotogrande Baguio in Baguio City and Sta. Lucia Residenze Tower 3 in Cainta Rizal. These projects, SLI said, are equivalent to an estimate of over 400 new rooms.

Sixth paragraph: SLI currently has over 13 hotel, condotel and resort projects in its portfolio, which are equivalent to an estimate of over 1,600 rooms. These are located in Quezon City, Zambales, Batangas, Cavite, Cebu, Iloilo, Davao City and Palawan.

Eighth paragraph: SLI is part of the Sta. Lucia Group which has over 220 projects on its sleeves from hotels, resorts residential condominiums, subdivisions, resort-themed homes and lake and golf communities.
Other Relevant Information

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