Energy Development Corporation 38th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue Ortigas Center, 1605, Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332 (Globe)

April 10, 2014

JANET A. ENCARNACION HEAD, Disclosures Department The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue, Makati City

Dear Ms. Encarnacion:

In compliance with the disclosure requirements of the PSE, we submit the attached List of Top 100 Stockholders of Energy Development Corporation as of March 31, 2014.

cc: MA. CONCEPCION M. MAGDARAOG Market Regulatory Services Group Philippine Dealing & Exchange Corp. ENERGY DEVELOPMENT CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF MARCH 31, 2014

Rank Name No. of Shares Percentage 1 RED VULCAN HOLDINGS CORPORATION 16,875,000,000 60.000000% 2 PCD NOMINEE CORPORATION (FOREIGN) 6,421,474,809 22.831910% 3 PCD NOMINEE CORPORATION (FILIPINO) 3,011,440,990 10.707346% 4 FIRST GEN CORPORATION 991,782,700 3.526338% 5 NORTHERN TERRACOTTA POWER CORPORATION 470,447,800 1.672703% 6 NORTHERN TERRACOTTA POWER CORP. 319,462,300 1.135866% 7 GARRUCHO JR., PETER D. 5,545,000 0.019716% 8 PEACE EQUITY ACCESS FOR COMMUNITY EMPOWERMENT FOUNDATION, INC. 3,030,000 0.010773% 9 CROSLO HOLDINGS CORPORATION 2,200,000 0.007822% 10 DE GUIA,ARTHUR A. 2,200,000 0.007822% 11 GO KIM HUY,WILLIAM 2,000,000 0.007111% 12 MABASA,ANTHONY M. 1,000,000 0.003556% 13 ALG HOLDINGS CORPORATION 875,000 0.003111% 14 FIRST LIFE FINANCIAL CO., INC. 800,000 0.002844% 15 MACATANGAY,RAUL I. 725,000 0.002578% 16 CAMARA, ROSALIND 663,750 0.002360% 17 SABELLA, EMELITA D. 521,000 0.001852% 18 LOPEZ, MA. CONSUELO R. 500,000 0.001778% 19 MAR,PETER,&/OR ANNABELLE C. MAR 500,000 0.001778% 20 NICOLAS,VIRGINIA MARIA D. 393,000 0.001397% 21 GO,CARLOS,&/OR LENNY GO 375,000 0.001333% 22 PUNO,FRANCIS GILES B.,&/OR MA. PATRICIA PUNO 367,500 0.001307% 23 VILLANUEVA,GRACE L. 350,000 0.001244% 24 CHING BUN TENG 312,500 0.001111% 25 GABARDA, NELIA G. 300,000 0.001067% 26 HOFILENA,LOURDES YAPTINCHAY 300,000 0.001067% 27 CATAHAN,PERLA R. 273,750 0.000973% 28 LOPEZ, BENJAMIN ERNESTO R. 250,000 0.000889% 29 ALVIN SANCHEZ ISON &/OR MARIA LEA SERNICULA ISON 221,800 0.000789% 30 LOPEZ, OSCAR M. 200,501 0.000713% 31 AGUSTINES, VERONA S. 200,000 0.000711% 32 MEI, TING 195,000 0.000693% 33 PAN MALAYAN MANAGEMENT AND INVESMENT CORPORATION 187,500 0.000667% 34 PAMINTUAN, MARIA ANTONIETTA T. 160,000 0.000569% 35 ENCINARES, JOSE E. 156,250 0.000556% 36 ALFRED L. TAN 153,750 0.000547% 37 GONZALEZ, ROMERICO C 150,000 0.000533% 38 TAN,LOZANO A. 150,000 0.000533% 39 LAPUS,ARIEL ARMAN V. 148,000 0.000526% 40 OLIVA, DULCE MARIA S. 137,500 0.000489% 41 ENRILE, WILLIAM T. 131,250 0.000467% 42 ASTORGA, ALAN Y 125,000 0.000444% 43 DE JESUS, AGNES C 125,000 0.000444% 44 DELA CRUZ, GINO P. 125,000 0.000444% 45 OGENA, GRACE S. 125,000 0.000444% 46 DAVILA, ALEX D. 116,250 0.000413% 47 MANUEL, VILLAMOR T. 116,250 0.000413% 48 OLIS, RONALD V. 116,250 0.000413% 49 ISON,CRISTINA S. 108,800 0.000387% 50 IBANEZ, ELPIDIO L. 100,001 0.000356% 51 CRISOSTOMO JR., RUFINO JAMES T. 100,000 0.000356% 52 POLLOSO,NELSON S. 100,000 0.000356% 53 POSTULKA,JASON MICHAEL 100,000 0.000356% 54 QUALITY INVESTMENTS & SECURITIES CORPORATION 100,000 0.000356% 55 ROBERTO B. CATAHAN &/OR PERLA R. CATAHAN 100,000 0.000356% 56 SABELLA, RONALDO C. 100,000 0.000356% 57 ADRIAS, FERNANDO V. 78,750 0.000280% 58 SUMALPONG, JULIET G. 78,750 0.000280% ENERGY DEVELOPMENT CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF MARCH 31, 2014

59 ONGKING, GIOVANNA JOY T. 75,000 0.000267% 60 TEO,STEPHEN T.,&/OR TERESITA R. TEO 75,000 0.000267% 61 YAO, WILSON A. 75,000 0.000267% 62 WIENEKE, MARIANELA A. 71,250 0.000253% 63 BINALLA, NORMAN B. 70,000 0.000249% 64 FERRER,JOSE TOMINES 65,000 0.000231% 65 ABAD, RICARDO M. 62,500 0.000222% 66 AMATONG, ERNESTO S. 62,500 0.000222% 67 AQUINO, VICENTE S. 62,500 0.000222% 68 BAYSA, YSMAEL V. 62,500 0.000222% 69 BERNABE,JUANITA ANTONIA DENOGA 62,500 0.000222% 70 CAILAO ANTONIO MARTIN 62,500 0.000222% 71 CASTANOS, CESAR R. 62,500 0.000222% 72 CONCEPCION, EUSEBIA D. 62,500 0.000222% 73 GAMILLA, PAMELA JHOANNA 62,500 0.000222% 74 MISO, ROBERTO A. 62,500 0.000222% 75 OCAMPO, MELINDA L. 62,500 0.000222% 76 OMANDAM JR., VICENTE D. 62,500 0.000222% 77 SANTOS, EMMANUEL S. 62,500 0.000222% 78 SUNG, EDUARDO C. 62,500 0.000222% 79 LUIS C. TONGCO JR. OR MA. CORINA LOURDES M. TONGCO 62,300 0.000222% 80 IMPRESO, EFREN P. 60,000 0.000213% 81 SANTOS,JONATHAN RAYMUND GUCELA 60,000 0.000213% 82 ZHANG XIAOYAN 60,000 0.000213% 83 WIENEKE, MARIANELA A. 58,750 0.000209% 84 TAN, FLORENTINO C. 57,500 0.000204% 85 SUZUKI, SEIJI 51,250 0.000182% 86 BRIAN JOSEPH A. YATCO &/OR MARY KRISTINE A. YATCO 50,000 0.000178% 87 GARAYBLAS,PIO MA. VICTOR H. 50,000 0.000178% 88 JONATHAN ANTHONY A. YATCO &/OR MARY KRISTINE A. YATCO 50,000 0.000178% 89 LIM,ROXANNE TERESA NEL G. 50,000 0.000178% 90 NUAL, ALBIN L 50,000 0.000178% 91 SANTOS, LEONORA S 50,000 0.000178% 92 YATCO, MARY KRISTINE A. 50,000 0.000178% 93 GARCIA, RIZALITO C. 46,250 0.000164% 94 CHON KAM HING 45,000 0.000160% 95 LLANTO,LIDUVINA C. 45,000 0.000160% 96 MAGAT,MAGITING C. 43,000 0.000153% 97 CHUA CO KIONG,DANILO NG 40,000 0.000142% 98 GARCIA,RAMON C. 40,000 0.000142% 99 ONGGONA, RAYMUNDO A. 40,000 0.000142% 100 SEQUIHOD, JOSELITO M. 40,000 0.000142% TOTAL SHARES (TOP 100) 28,119,502,001 99.980452% TOTAL SHARES (REST OF STOCKHOLDERS) 5,497,999 0.019548% TOTAL ISSUED AND OUTSTANDING SHARES 28,125,000,000 100.000000%

PCD BENEFICIAL OWNER REPORT Participant's Name No. of Shares Percentage DEUTSCHE BANK MANILA-CLIENTS A/C 2,533,533,093 9.008118% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 1,603,706,891 5.702069% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 1,009,197,349 3.588257% SOCIAL SECURITY SYSTEM 669,911,150 2.381906% CITIBANK N.A. 481,533,440 1.712119% GOVERNMENT SERVICE INSURANCE SYSTEM 381,615,305 1.356854% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 166,553,313 0.592190% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 152,194,975 0.541138% BDO SECURITIES CORPORATION 150,382,645 0.534694% CITIBANK N.A. 111,731,900 0.397269% ENERGY DEVELOPMENT CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF MARCH 31, 2014

STANDARD CHARTERED BANK 111,117,550 0.395085% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 108,417,253 0.385484% DEUTSCHE REGIS PARTNERS, INC. 92,756,600 0.329801% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 92,314,850 0.328231% PRU LIFE INSURANCE CORP. OF UK - LINKED FUND 86,561,350 0.307774% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 79,757,596 0.283583% COL Financial Group, Inc. 79,730,340 0.283486% VENTURE SECURITIES, INC. 79,499,400 0.282665% MBTC - TRUST BANKING GROUP 76,586,150 0.272306% CITIBANK N.A. 75,289,261 0.267695% CITIBANK N.A. 68,776,635 0.244539% BPI SECURITIES CORPORATION 57,826,592 0.205606% ASIASEC EQUITIES, INC. 54,903,300 0.195212% MAYBANK ATR KIM ENG SECURITIES, INC. 52,265,937 0.185834% THE INSULAR LIFE ASSURANCE COMPANY, LTD. 46,301,700 0.164628% A & A SECURITIES, INC. 37,059,900 0.131769% CITIBANK FAO PHILIPPINE AXA WEALTH EQUITY 37,028,350 0.131656% FIRST METRO SECURITIES BROKERAGE CORP. 36,761,854 0.130709% THE INSULAR LIFE ASSURANCE COMPANY, LTD. 35,301,700 0.125517% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 34,067,721 0.121130% SUN LIFE GREPA FINANCIAL, INC. 32,379,300 0.115126% INSULAR LIFE ASSURANCE CO., LTD - VUL-EF 31,823,850 0.113151% WEALTH SECURITIES, INC. 31,487,734 0.111956% DEUTSCHE BANK MANILA-CLIENTS A/C 30,353,229 0.107923% DEUTSCHE REGIS PARTNERS, INC. 24,750,000 0.088000% WEALTH SECURITIES, INC. 23,850,750 0.084803% DEUTSCHE REGIS PARTNERS, INC. 22,958,111 0.081629% KING'S POWER SECURITIES, INC. 22,675,950 0.080626% ABACUS SECURITIES CORPORATION 21,759,999 0.077369% PCCI SECURITIES BROKERS CORP. 20,083,125 0.071407% PAPA SECURITIES CORPORATION 20,034,123 0.071232% PNB-TBG T-10820 19,050,400 0.067735% CITIBANK FAO PHILIPPINE AXA WEALTH BALANCED 18,973,950 0.067463% SUMMIT SECURITIES, INC. 18,188,150 0.064669% FIRST INTEGRATED CAPITAL SECURITIES, INC. 18,086,150 0.064306% SB EQUITIES,INC. 17,116,030 0.060857% YAO & ZIALCITA, INC. 15,415,400 0.054810% RCBC SECURITIES, INC. 13,868,950 0.049312% AB CAPITAL SECURITIES, INC. 13,425,850 0.047736% BANCO DE ORO - TRUST BANKING GROUP 13,153,300 0.046767% SAN MIGUEL CORPORATION RETIREMENT PLAN-STP 12,975,200 0.046134% RCBC TRUST & INVESTMENT DIVISION 12,099,100 0.043019% GOLDSTAR SECURITIES, INC. 11,301,750 0.040184% STANDARD SECURITIES CORPORATION 10,872,050 0.038656% E. CHUA CHIACO SECURITIES, INC. 10,327,750 0.036721% THE MANUFACTURERS LIFE INSURANCE CO. (PHILS.), INC. 9,766,830 0.034727% EAGLE EQUITIES, INC. 9,030,900 0.032110% BANCO DE ORO - TRUST BANKING GROUP 8,786,750 0.031242% DEUTSCHE BANK AG MANILA BRANCH A/C CLIENTS DEUB20 8,748,700 0.031106% STRATEGIC EQUITIES CORP. 8,438,800 0.030005% SOLAR SECURITIES, INC. 8,267,750 0.029396% ANSALDO, GODINEZ & CO., INC. 8,054,250 0.028637% UCPB SECURITIES, INC. 7,640,450 0.027166% FIRST ORIENT SECURITIES, INC. 7,485,112 0.026614% MANULIFE CHINABANK LIFE ASSURANCE CORP. 7,468,770 0.026556% PIONEER LIFE INC. ACCOUNT #2 7,324,300 0.026042% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 7,240,638 0.025744% QUALITY INVESTMENTS & SECURITIES CORPORATION 7,044,600 0.025047% EVERGREEN STOCK BROKERAGE & SEC., INC. 6,947,300 0.024702% ENERGY DEVELOPMENT CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF MARCH 31, 2014

DW CAPITAL INC. 6,558,400 0.023319% ACCORD CAPITAL EQUITIES CORPORATION 6,464,098 0.022983% THE FIRST RESOURCES MANAGEMENT & SECURITIES CORP. 6,389,500 0.022718% TOWER SECURITIES, INC. 6,197,450 0.022035% I. ACKERMAN & CO., INC. 5,975,950 0.021248% REGINA CAPITAL DEVELOPMENT CORPORATION 5,910,650 0.021016% R. COYIUTO SECURITIES, INC. 5,902,250 0.020986% BENEFICIAL LIFE INSURANCE CO., INC. 5,650,000 0.020089% SAN MIGUEL BREWERY INC. RETIREMENT PLAN 5,442,050 0.019350% BANCO DE ORO - TRUST BANKING GROUP 5,388,800 0.019160% EASTERN SECURITIES DEVELOPMENT CORPORATION 5,221,500 0.018565% UNICAPITAL SECURITIES INC. 5,220,150 0.018561% B. H. CHUA SECURITIES CORPORATION 4,975,050 0.017689% DEUTSCHE BANK MANILA-CLIENTS A/C 4,541,750 0.016148% RTG & COMPANY, INC. 4,123,192 0.014660% LUCKY SECURITIES, INC. 4,054,550 0.014416% R. NUBLA SECURITIES, INC. 3,777,600 0.013431% BELSON SECURITIES, INC. 3,554,100 0.012637% MBTC TBG AS IM FOR GOVT SERVICE INSURANCE SYSTEM 3,500,000 0.012444% ANGPING & ASSOCIATES SECURITIES, INC. 3,368,750 0.011978% AB CAPITAL & INVESTMENT CORP. - TRUST & INVESTMENT DIV. 3,041,300 0.010814% A. T. DE CASTRO SECURITIES CORP. 3,030,050 0.010774% OPTIMUM SECURITIES CORPORATION 2,980,550 0.010598% PREMIUM SECURITIES, INC. 2,939,600 0.010452% PLATINUM SECURITIES, INC. 2,892,000 0.010283% CITIBANK N.A. 2,842,900 0.010108% R. S. LIM & CO., INC. 2,799,100 0.009952% TANSENGCO & CO., INC. 2,765,100 0.009831% PNB SECURITIES, INC. 2,756,750 0.009802% SARANGANI SECURITIES, INC. 2,755,500 0.009797% CITIBANK FAO PHILIPPINE AXA OPPORTUNITY 2,707,300 0.009626% MERCANTILE SECURITIES CORP. 2,644,850 0.009404% CITIBANK FAO PHILIPPINE AXA LIFE INSURANCE CORP. 2,639,800 0.009386% YU & COMPANY, INC. 2,534,050 0.009010% CITISECURITIES, INC. 2,498,150 0.008882% HDI SECURITIES, INC. 2,481,250 0.008822% DAVID GO SECURITIES CORP. 2,283,850 0.008120% GLOBALINKS SECURITIES & STOCKS, INC. 2,212,700 0.007867% JSG SECURITIES, INC. 2,170,950 0.007719% F. YAP SECURITIES, INC. 2,096,000 0.007452% BERNAD SECURITIES, INC. 2,083,400 0.007408% DEUTSCHE BANK MANILA-CLIENTS A/C 2,024,822 0.007199% CITISECURITIES, INC. 2,000,000 0.007111% PCIB SECURITIES, INC. 1,956,550 0.006957% S.J. ROXAS & CO., INC. 1,940,700 0.006900% PIONEER INSURANCE & SURETY CORPORATION ACCOUNT #2 1,854,800 0.006595% PIONEER INSURANCE & SURETY CORP. 1,838,100 0.006535% BENJAMIN CO CA & CO., INC. 1,775,000 0.006311% FRANCISCO ORTIGAS SECURITIES, INC. 1,678,300 0.005967% TRITON SECURITIES CORP. 1,611,500 0.005730% SALISBURY BKT SECURITIES CORPORATION 1,589,400 0.005651% MERIDIAN SECURITIES, INC. 1,580,850 0.005621% UNITED FUND, INC. 1,575,000 0.005600% UPCC SECURITIES CORP. 1,498,000 0.005326% AURORA SECURITIES, INC. 1,473,800 0.005240% MBTC-TBG AS INV MGR FOR PHILIPPINE STOCK EXCHANGE 1,425,500 0.005068% GUILD SECURITIES, INC. 1,422,407 0.005057% DIVERSIFIED SECURITIES, INC. 1,330,050 0.004729% LUYS SECURITIES COMPANY, INC. 1,330,000 0.004729% ENERGY DEVELOPMENT CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF MARCH 31, 2014

MANDARIN SECURITIES CORPORATION 1,263,928 0.004494% INTRA-INVEST SECURITIES, INC. 1,263,287 0.004492% MBTC-TBG AS INV MGR FLG MANAGEMENT & DEVT. CORP. 1,262,600 0.004489% PAN ASIA SECURITIES CORP. 1,204,500 0.004283% H. E. BENNETT SECURITIES, INC. 1,168,500 0.004155% THE HONGKONG AND SHANGHAI BANKING CORP. LTD.-CLIENTS ACCT. 1,157,240 0.004115% ASTRA SECURITIES CORPORATION 1,115,000 0.003964% R & L INVESTMENTS, INC. 1,085,500 0.003860% INVESTORS SECURITIES, INC, 1,059,000 0.003765% IGC SECURITIES INC. 1,039,100 0.003695% FORTUNE LIFE INSURANCE CO., INC. 1,000,000 0.003556% UOB KAY HIAN SECURITIES (PHILS.), INC. 1,000,000 0.003556% PERLA COMPAÑA DE SEGUROS INC. 1,000,000 0.003556% VALUE QUEST SECURITIES CORPORATION 965,000 0.003431% TRI-STATE SECURITIES, INC. 959,650 0.003412% ALPHA SECURITIES CORP. 938,400 0.003337% GOLDEN TOWER SECURITIES & HOLDINGS, INC. 881,700 0.003135% FIDELITY SECURITIES, INC. 862,000 0.003065% VULTURE PRIVATE EQUITY UNLIMITED, INC. 850,000 0.003022% SUPREME STOCKBROKERS, INC 833,000 0.002962% G.D. TAN & COMPANY, INC. 723,500 0.002572% UNICAPITAL SECURITIES INC. 708,000 0.002517% MAPFRE INSULAR INSURANCE CORPORATION-NON LIFE 700,000 0.002489% NIEVES SECURITIES, INC. 697,750 0.002481% I. B. GIMENEZ SECURITIES, INC. 657,500 0.002338% IMPERIAL,DE GUZMAN,ABALOS & CO.,INC. 645,040 0.002293% BA SECURITIES, INC. 616,250 0.002191% MBTC TBG AS IM FOR BOARD OF TRUSTEES OF PERAA RET FUND 605,700 0.002154% EQUITIWORLD SECURITIES, INC. 603,650 0.002146% NEW WORLD SECURITIES CO., INC. 584,700 0.002079% PNB GENERAL INSURERS CO., INC. 563,000 0.002002% VICSAL SECURITIES & STOCK BROKERAGE, INC. 556,250 0.001978% MDR SECURITIES, INC. 549,000 0.001952% WEALTH SECURITIES, INC. 542,550 0.001929% ABACUS SECURITIES CORPORATION 500,000 0.001778% UNITED COCONUT PLANTERS LIFE ASSURANCE CORPORATION 500,000 0.001778% ASIA PACIFIC CAPITAL EQUITIES & SECURITIES CORP. 498,650 0.001773% CAMPOS, LANUZA & COMPANY, INC. 485,430 0.001726% PIONEERINTER CONTINENTAL INSURANCE CORP. 460,000 0.001636% PAUB1000000 424,200 0.001508% AAA SOUTHEAST EQUITIES, INCORPORATED 417,550 0.001485% CITIBANK FAO AIU INSURANCE PHILS COMPANY 400,000 0.001422% SECURITIES SPECIALISTS, INC. 373,600 0.001328% BANCO DE ORO - TRUST BANKING GROUP 364,000 0.001294% CUALOPING SECURITIES CORPORATION 363,500 0.001292% J.M. BARCELON & CO., INC. 346,550 0.001232% VICA SERVICES & MANAGEMENT CORPORATION 340,000 0.001209% MBTC TBG AS INV MGR FOR MERCURY GROUP 313,000 0.001113% PIONEER INTERCONTINENTAL INS. CORP. 310,000 0.001102% DA MARKET SECURITIES, INC. 300,750 0.001069% SIMPLY AUDACIOUS PRIVATE EQUITY, INC. 300,000 0.001067% UCPB GENERAL INSURANCE CO., INC. 300,000 0.001067% EAST WEST CAPITAL CORPORATION 298,000 0.001060% LBP-TBG AS AGENT FOR 49107 TA01 285,000 0.001013% MBTC TBG AS IM FOR ATENEO DE MANILA UNIVERSITY (QUEZON CITY), INC. 282,000 0.001003% ATR KIMENG SEC. INC. 250,000 0.000889% ASIA UNITED BANK - TRUST & INVESTMENT GROUP 240,000 0.000853% LOPEZ, LOCSIN, LEDESMA & CO., INC. 236,250 0.000840% EASTWEST BANKING CORPORATION - TRUST DIVISION 221,501 0.000788% ENERGY DEVELOPMENT CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF MARCH 31, 2014

CLSA PHILIPPINES, INC. 210,000 0.000747% PIONEER LIFE INC. 200,000 0.000711% UNITED COCONUT PLANTERS LIFE ASSURANCE CORPORATION 200,000 0.000711% MBTC TBG AS IM FOR ASIAN HOLDINGS CORPOATION 200,000 0.000711% WESTLINK GLOBAL EQUITIES, INC. 190,500 0.000677% MBTC - TBG AS INV MGR FOR TELEVISION INTERNATIONAL CORPORATION 190,000 0.000676% LARRGO SECURITIES CO., INC. 185,700 0.000660% PHILIPPINE CHARTER INSURANCE CORPORATION 177,000 0.000629% MBTC TBG AS IM FOR TAKING CARE OF BUSINESS CORP. 160,200 0.000570% CLSA PHILIPPINES, INC. 153,000 0.000544% ALAKOR SECURITIES CORPORATION 143,750 0.000511% BDO TRUST BANKING GROUP 140,000 0.000498% JAKA SECURITIES CORP. 139,050 0.000494% MBTC-TBG AS INV MGR FOR MAJENT AGRO INDUSTRIAL CORP. - CAROLINA B 125,000 0.000444% MOUNT PEAK SECURITIES, INC. 123,750 0.000440% BDO TRUST BANKING GROUP 122,000 0.000434% MBTC TBG AS IM FOR BOARD OF TRUSTEES - STANDARD CHARTERED RET PL 118,000 0.000420% UNITED COCONUT PLANTERS BANK-TRUST BANKING 112,500 0.000400% LBP-TBG AS AGENT FOR 28568 TA 01 110,500 0.000393% IMA#201-78090-5 101,300 0.000360% STRATEGIC EQUITIES CORP. FAO LIBERTY INSURANCE CORPORATION 100,000 0.000356% ASIAN PSYCHOLOGICAL SERVICES AND ASSESSMENT, INC. 100,000 0.000356% TIMSON SECURITIES, INC. 100,000 0.000356% MBTC TBG AS INVT. MNGR. FOR 3011-00305-08 100,000 0.000356% RCBC TRUST & INVESTMENT DIVISION - VARIOUS TAXABLE ACCTS 96,200 0.000342% ARMSTRONG SECURITIES, INC. 95,000 0.000338% MBTC TBG AS IM FOR 3012-00022-07 94,000 0.000334% SINCERE SECURITIES CORPORATION 90,000 0.000320% LAND BANK OF THE PHILIPPINES-TRUST BANKING GROUP 87,100 0.000310% MBTC TBG AS IM FOR WESTMONT RET PLAN 86,000 0.000306% SunSecurities, Inc. 79,300 0.000282% RCBC TRUST & INVESTMENT DIVISION 75,000 0.000267% PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION 69,000 0.000245% MBTC TBG AS IM FOR MEDICHEM RET PLAN 64,000 0.000228% PHILIPPINES FIRST INSURANCE CO., INC. 62,500 0.000222% BANCO DE ORO - TRUST BANKING GROUP 62,500 0.000222% BANCO DE ORO - TRUST BANKING GROUP 60,100 0.000214% ABACUS SECURITIES CORPORATION 53,750 0.000191% DBP-DAIWA CAPITAL MARKETS PHILPPINES, INC. 51,613 0.000184% LITONJUA SECURITIES, INC. 48,750 0.000173% MBTC TBG AS IM FOR PERLA COMPANIA DE SEGUROS, INC. 45,000 0.000160% MBTC TBG AS IM FOR PEDIATRICA RET PLAN 43,000 0.000153% IMA# 208-78180-7 41,000 0.000146% WONG SECURITIES CORPORATION 40,000 0.000142% SB EQUITIES INC. 40,000 0.000142% LBP-TBG AS AGENT FOR 31712TA02 40,000 0.000142% LBP-TBG AS AGENT FOR 22594 TA 01 30,500 0.000108% BLUE CROSS INSURANCE, INC. 30,000 0.000107% PHILIPPINE EQUITY PARTNERS, INC. 26,750 0.000095% MBTC TBG AS IM FOR MFI FOUNDATION, INC. 26,000 0.000092% AB CAPITAL SECURITIES, INC. 25,000 0.000089% APEX PHILIPPINES EQUITIES CORPORATION 24,000 0.000085% BDO TRUST FAO GENERALI PILIPINAS LIFE ASSURANCE COMPANY- EQUITY F 20,200 0.000072% IMA#201-78102-8 20,000 0.000071% MBTC TBG AS IM FOR AUGUSTO E. TYCANGCO OR LILIA C. TYCANGCO 20,000 0.000071% MBTC TBG AS INVT. MNGR. FOR 3011-00033-12 16,200 0.000058% VSEC.COM, INC. 15,500 0.000055% EVERGREEN STOCK BROKERAGE & SEC., INC. 14,000 0.000050% DEUTSCHE BANK MANILA-CLIENTS A/C 13,000 0.000046% ENERGY DEVELOPMENT CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF MARCH 31, 2014

BANCO DE ORO - TRUST BANKING GROUP 6,000 0.000021% BLUE CROSS INSURANCE INC. 4,400 0.000016% ATC SECURITIES, INC. 3,750 0.000013% PHILIPPINE EQUITY PARTNERS, INC. 1,961 0.000007% CLSA PHILIPPINES, INC. 1,950 0.000007% MBTC TBG AS IM FOR MAPUA INSTITUTE OF TECHNOLOGY RET. FUND 1,875 0.000007% BDO TRUST FAO GENERALI PILIPINAS LIFE ASSURANCE COMPANY- BALANC 1,700 0.000006% HK SECURITIES, INC. 307 0.000001% MARIAN SECURITIES, INC. 100 0.000000% THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 50 0.000000% Credit Suisse Securities (Philippines), Inc. 25 0.000000% THE HONGKONG & SHANGHAI BANKING CORP. LTD. -OWN ACCOUNT 8 0.000000% PNOC ENERGY DEVELOPMENT CORPORATION 8 0.000000% STANDARD CHARTERED BANK 6 0.000000% TOTAL 9,432,915,799 33.539256%