October 06, 2017

PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Ayala Triangle, Ayala Avenue, Makati City

Attention: Mr. Jose Valeriano B. Zuno III OIC - Head, Disclosure Dept.

PHILIPPINE DEALING & EXCHANGE CORP. Market Regulatory Services Group 37/F Tower 1, The Enterprise Center 6766 Ayala Avenue, cor Paseo de Roxas Makati City

Attention: Ms. Vina Vanessa S. Salonga Head - Issuer Compliance & Disclosure Dept.

ABOITIZ POWER CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF SEPTEMBER 30, 2017

STOCKHOLDER NO. NAME HOLDINGS PERCENTAGE 1 6100000048 INC. 5,657,530,774 76.88%

2 6100003513 PCD NOMINEE CORPORATION FILIPINO 884,683,911 12.02%

3 6100003521 PCD NOMINEE CORPORATION FOREIGN 552,523,825 7.51%

4 6100000733 BAUHINIA MANAGEMENT INC. 18,109,100 0.25%

5 6100003679 PORTOLA INVESTORS INC. 13,634,856 0.19%

6 6100002010 HAWK VIEW CAPITAL INC. 13,633,657 0.19%

7 6100004149 SAN FERNANDO ELECTRIC LIGHT AND POWER CO. INC. 7,931,034 0.11%

8 6100003463 PARRAZ DEVELOPMENT CORPORATION 7,827,522 0.11%

9 6100007813 DOMINUS CAPITAL INC. 7,241,050 0.10%

10 6100007808 FMK CAPITAL PARTNERS INC. 6,538,000 0.09%

11 6100000212 ABOITIZ, SABIN M. 6,050,985 0.08%

12 6100000139 ABOITIZ, IKER M. 3,177,545 6100007423 ABOITIZ, IKER M. 2,287,555 TOTAL 5,465,100 0.07%

13 6100006144 ABOITIZ & COMPANY INC. 5,360,000 0.07%

14 6100007506 DANIELE MANAGEMENT & DEVELOPMENT CORPORATION 5,234,949 0.07%

15 6100006219 ARRAYANES CORPORATION 4,146,243 0.06%

16 6100003760 RAMON ABOITIZ FOUNDATION INC. 3,900,000 0.05%

17 6100000949 CAL MANAGEMENT CORPORATION 2,972,829 0.04%

18 6100004669 TRIS MANAGEMENT CORPORATION 2,939,466 0.04%

Page 1 of 5 19 6100004537 TINKERBELL MANAGEMENT CORPORATION 2,869,506 0.04%

20 6100001806 GITANA MANAGEMENT & DEV'T. CORPORATION 2,817,091 0.04%

21 6100000063 ANNABELLE O. ABOITIZ 2,720,035 6100005856 ANNABELLE OSMENA ABOITIZ 200,000 TOTAL 2,920,035 0.04%

22 6100005492 DANEL C. ABOITIZ 2,631,708 0.04%

23 6100004636 TRA MANAGEMENT & DEVELOPMENT CORPORATION 2,561,882 0.03%

24 6100003265 NUSKI MANAGEMENT CORPORATION 2,387,492 0.03%

25 6100002432 LMM HOMES MANAGEMENT & DEVELOPMENT CORP. 2,376,335 0.03%

26 6100000147 JAIME JOSE ABOITIZ 2,362,500 0.03%

27 6100001228 CRA MANAGEMENT & DEVELOPMENT CORPORATION 2,354,494 0.03%

28 6100000295 ACA MANAGEMENT & DEVELOPMENT CORPORATION 2,354,492 0.03%

29 6100003125 MYA MANAGEMENT CORPORATION 2,225,103 0.03%

30 6100000170 LUIS MIGUEL O. ABOITIZ 2,060,000 0.03%

31 6100004180 SANFIL MANAGEMENT CORPORATION 2,026,263 0.03%

32 6100005047 WINDEMERE MANAGEMENT CORPORATION 1,021,667 6100007407 WINDEMERE MANAGEMENT CORPORATION 1,000,000 TOTAL 2,021,667 0.03%

33 6100005922 MONTELENA HOLDINGS INC. 2,007,343 0.03%

34 6100000253 ANDONI MENDIETA ABOITIZ 1,000,000 6100005443 ANDONI F. ABOITIZ 1,000,000 TOTAL 2,000,000 0.03%

35 6100001491 EAA MANAGEMENT CORPORATION 1,992,340 0.03%

36 6100000659 AZURA MANAGEMENT INC. 1,990,231 0.03%

37 6100001699 FORTES MANAGEMENT INC. 1,990,230 0.03% 6100001178 CIA MANAGEMENT CORPORATION 1,990,230 0.03%

38 6100000600 ASPIRA MANAGEMENT INC. 1,990,229 0.03%

39 6100002143 JIA MANAGEMENT CORPORATION 1,986,340 0.03% 6100004297 SOFO MANAGEMENT INC. 1,986,340 0.03%

40 6100006573 SUPERWALO MANAGEMENT INC. 1,949,275 0.03% 6100006581 PORTAFUNA MANAGEMENT INC. 1,949,275 0.03% 6100006557 BOA SORT MANAGEMENT INC. 1,949,275 0.03%

41 6100006540 CARRAMABOCAB MANAGEMENT INC. 1,088,200 6100007831 CARRAMABOCAB MANAGEMENT INC. 861,075 TOTAL 1,949,275 0.03%

42 6100000196 MARIE MICHELLE Y. ABOITIZ 1,747,988 0.02%

43 6100006482 JOSE RAFAEL ABOITIZ 1,727,253 0.02%

44 6100007332 TXA2 HOLDINGS CORPORATION 1,699,112 0.02%

45 6100003182 NGOTIPA INC. 1,650,000 0.02%

Page 2 of 5 6100003224 NIPAHUTZ CORPORATION 1,650,000 0.02% 6100003232 NO. 1 NGOTIPA INC. 1,650,000 0.02% 6100003489 PASILONG CORPORATION 1,650,000 0.02% 6100003505 PAUSBONG CORPORATION 1,650,000 0.02% 6100004107 RYNTHZ CORPORATION 1,650,000 0.02%

46 6100005369 KARANDRE HOLDINGS INC 1,595,017 0.02% 6100005351 PARRIAN HOLDINGS INC 1,595,017 0.02%

47 6100005054 XEPA 1 CORPORATION 1,554,000 0.02%

48 6100000378 ALAXY CO INC. 1,500,000 0.02%

49 6100000857 BRERO CORPORATION 1,351,293 0.02%

50 6100002200 KWANDO CORPORATION 1,350,000 0.02%

51 6100006011 CARABBEU MANAGEMENT INC. 1,330,760 0.02% 6100006045 DAVICKA MANAGEMENT INC 1,330,760 0.02% 6100006037 NICABO MANAGEMENT INC 1,330,760 0.02%

52 6100006029 SARABO MANAGEMENT INC. 1,330,759 0.02%

53 6100003992 MIGUEL M. ROMERO-SALAS 990,649 6100003984 MIGUEL ANGEL M. ROMERO-SALAS 112,068 TOTAL 1,102,717 0.01%

54 6100000352 AGIKIK CORPORATION 1,067,980 0.01%

55 6100000642 AYTEK COMPANY INC. 1,054,285 0.01%

56 6100000535 ANSO MANAGEMENT CORPORATION 1,021,721 0.01% 6100003109 MOREFUND MANAGEMENT CORPORATION 1,021,721 0.01%

57 6100001459 DONYA I MANAGEMENT CORPORATION 1,021,694 0.01%

58 6100000162 JOSE ANTONIO Y. ABOITIZ 1,018,319 0.01%

59 6100006300 ANTON MARI G. PERDICES 941,822 6100003570 ANTON MARI G. PERDICES 63,979 TOTAL 1,005,801 0.01%

60 6100000188 MARIE DOREEN S. ABOITIZ 1,000,000 0.01%

61 6100000725 BATLEK CORPORATION 948,594 0.01%

62 6100001525 MELISSA MARIE A. ELIZALDE 947,716 0.01%

63 6100001426 DIHOLDINGS MANAGEMENT & DEVELOPMENT CORPORATION 890,667 0.01%

64 6100002168 KANGYAN CORPORATION 887,423 0.01%

65 6100005435 VATOR HOLDING CORPORATION 828,506 0.01%

66 6100005773 CROKER ISLAND MANAGEMENT INC 782,489 0.01%

67 6100005559 ABODAX MANAGEMENT INC. 782,488 0.01%

68 6100005732 BINGO BANGO MANAGEMENT INC 780,823 0.01%

69 6100000741 BAZTAN DEVELOPMENT CORPORATION 763,667 0.01% 6100001517 ELGOIBAR DEVELOPMENT CORPORATION 763,667 0.01%

70 6100002093 ISPASTER DEVELOPMENT CORPORATION 763,666 0.01%

71 6100007774 MERBEMA HOLDINGS INC. 744,800 0.01%

Page 3 of 5 6100007775 MBM7 HOLDING CORPORATION 744,800 0.01%

72 6100002853 MEKANDA CORPORATION 744,119 0.01%

73 6100000071 BERNADETTE M. ABOITIZ 700,000 0.01%

74 6100002036 ELMER C. HERNANDEZ 691,000 0.01%

75 6100007812 IXIDOR HOLDINGS INC. 626,933 0.01%

76 6100005617 SALUD D. DE CASTRO 600,000 0.01%

77 6100007832 STERKTE MANAGEMENT INC. 597,400 0.01% 6100007833 AMANECER MANAGEMENT INC. 597,400 0.01% 6100007834 ESTELADA MANAGEMENT INC. 597,400 0.01% 6100007835 CCEDAR MANAGEMENT INC. 597,400 0.01%

78 6100000279 ABOMICH MANAGEMENT CORPORATION 584,103 0.01% 6100001541 ERA MANAGEMENT AND DEVELOPMENT CORPORATION 584,103 0.01%

79 6100007743 SABA1 CORPORATION 583,048 0.01%

80 6100007741 LAMEN2 CORPORATION 583,047 0.01%

81 6100007742 ARAB3 CORPORATION 583,046 0.01%

82 6100007768 CHRISTA ANDREA ABOITIZ 533,667 0.01%

83 6100005674 NEWMOR77 HOLDINGS INC 527,878 0.01%

84 6100000790 JUAN ANTONIO E. BERNAD 520,001 0.01%

85 6100004974 ERNEST O. VILLAREAL 479,104 6100007399 ERNEST O. VILLAREAL 28,639 TOTAL 507,743 0.01%

86 6100002614 MAI-I RESOURCES CORPORATION 500,000 0.01% 6100007746 SERGIO T. ONG &/OR SHIRLEY O. OLANO 500,000 0.01%

87 6100000238 TRISTAN ROBERTO C. ABOITIZ 477,067 6100000220 TRISTAN R. ABOITIZ 20,690 TOTAL 497,757 0.01%

88 6100006755 CARZEZ MANAGEMENT INC. 266,911 6100007357 CARZEZ MANAGEMENT INC. 218,336 TOTAL 485,247 0.01%

89 6100007755 PIMLICO SLOANE HOLDINGS INC. 470,310 0.01%

90 6100005716 NOSSAHEAD MANAGEMENT INC. 452,734 0.01%

91 6100005757 LESOTHEA MANAGEMENT INC 452,633 0.01%

92 6100005567 DIJIBOUTI MANAGEMENT INC. 452,533 0.01%

93 6100004792 TISG AS TRUSTEE FOR TA#1B1-357-11 451,112 0.01% 6100007826 UNIONBANK TISG AS INVESTMENT MANAGER FOR IMA# PH 3Q201 707 451,112 0.01%

94 6100006177 UNIONBANK TISG FOR IMA# PH 3Q201 692 451,111 0.01%

95 6100007381 ZUBEROA MANAGEMENT INC. 450,001 0.01%

96 6100007373 OSASUNA MANAGEMENT INC. 450,000 0.01% 6100005872 WILLIAM RAGOS ENRILE II 450,000 0.01%

97 6100007365 EUSKADI MANAGEMENT INC. 449,999 0.01%

Page 4 of 5 98 6100005724 CHADBRAD MANAGEMENT INC. 449,155 0.01%

99 6100005542 ANTARTICA MANAGEMENT INC. 447,489 0.01% 6100005765 GETARIA MANAGEMENT INC 447,489 0.01%

100 6100000444 ALG HOLDINGS INC. 429,000 0.01%

CERTIFIED BY:

STOCK TRANSFER SERVICE, INC. Transfer Agent

RICHARD D. REGALA, JR. General Manager cc: M. Jasmine S. Oporto Corporate Secretary and Compliance Officer Aboitiz Power Corporation

Page 5 of 5 1 of 8

BENEFICIAL OWNER REPORT Company Code - AP00000000000 & Company Name - ABOITIZ POWER CORP.

Business Date: September 30, 2017 BPNAME HOLDINGS UPCC SECURITIES CORP. 932,800 A & A SECURITIES, INC. 970,500 ABACUS SECURITIES CORPORATION 139,676 PHILSTOCKS FINANCIAL INC 520,353 A. T. DE CASTRO SECURITIES CORP. 1,350,600 ALPHA SECURITIES CORP. 37,500 BA SECURITIES, INC. 35,600 AP SECURITIES INCORPORATED 705,400 ANSALDO, GODINEZ & CO., INC. 750,200 AB CAPITAL SECURITIES, INC. 3,604,033 SARANGANI SECURITIES, INC. 91,100 SB EQUITIES,INC. 3,633,520 ASIA PACIFIC CAPITAL EQUITIES & SECURITIES CORP. 24,300 ASIASEC EQUITIES, INC. 445,200 ASTRA SECURITIES CORPORATION 295,400 BELSON SECURITIES, INC. 318,700 B. H. CHUA SECURITIES CORPORATION 124,300 JAKA SECURITIES CORP. 44,000 BPI SECURITIES CORPORATION 32,879,809 CAMPOS, LANUZA & COMPANY, INC. 688,550 SINCERE SECURITIES CORPORATION 14,000 CENTURY SECURITIES CORPORATION 1,457,000 BDO NOMURA SECURITIES INC 618,946 CITISECURITIES, INC. 430,900 VSEC.COM, INC. 5,200 TRITON SECURITIES CORP. 114,300 IGC SECURITIES INC. 383,600 CUALOPING SECURITIES CORPORATION 50,100 DBP-DAIWA CAPITAL MARKETS PHILPPINES, INC. 26,600 DAVID GO SECURITIES CORP. 2,642,700 DIVERSIFIED SECURITIES, INC. 1,767,700 E. CHUA CHIACO SECURITIES, INC. 649,200 EAST WEST CAPITAL CORPORATION 23,000 EASTERN SECURITIES DEVELOPMENT CORPORATION 2,751,500 EQUITIWORLD SECURITIES, INC. 5,500 EVERGREEN STOCK BROKERAGE & SEC., INC. 1,120,400 FIRST ORIENT SECURITIES, INC. 81,000 FIRST INTEGRATED CAPITAL SECURITIES, INC. 24,000 F. YAP SECURITIES, INC. 163,300 AURORA SECURITIES, INC. 293,300 GLOBALINKS SECURITIES & STOCKS, INC. 1,269,513 JSG SECURITIES, INC. 609,200 GOLDSTAR SECURITIES, INC. 319,400 GUILD SECURITIES, INC. 83,700 HDI SECURITIES, INC. 238,800 H. E. BENNETT SECURITIES, INC. 73,500 HK SECURITIES, INC. 503 2 of 8

BPNAME HOLDINGS I. ACKERMAN & CO., INC. 18,500 I. B. GIMENEZ SECURITIES, INC. 94,700 INVESTORS SECURITIES, INC, 1,111,050 IMPERIAL,DE GUZMAN,ABALOS & CO.,INC. 1,035,600 INTRA-INVEST SECURITIES, INC. 42,000 J.M. BARCELON & CO., INC. 46,800 VALUE QUEST SECURITIES CORPORATION 8,283,100 STRATEGIC EQUITIES CORP. 2,437,200 LARRGO SECURITIES CO., INC. 1,273,500 LITONJUA SECURITIES, INC. 1,210,200 LOPEZ, LOCSIN, LEDESMA & CO., INC. 243,816 LUCKY SECURITIES, INC. 372,300 LUYS SECURITIES COMPANY, INC. 88,200 MANDARIN SECURITIES CORPORATION 352,800 COL Financial Group, Inc. 13,536,559 DA MARKET SECURITIES, INC. 106,800 MERCANTILE SECURITIES CORP. 130,800 MERIDIAN SECURITIES, INC. 877,725 MDR SECURITIES, INC. 190,520 DEUTSCHE REGIS PARTNERS, INC. 104,230 MOUNT PEAK SECURITIES, INC. 13,100 NEW WORLD SECURITIES CO., INC. 7,200 NIEVES SECURITIES, INC. 30,000 OPTIMUM SECURITIES CORPORATION 311,181 RCBC SECURITIES, INC. 5,233,434 PAN ASIA SECURITIES CORP. 109,800 PAPA SECURITIES CORPORATION 308,566,598 MAYBANK ATR KIM ENG SECURITIES, INC. 68,250,138 PLATINUM SECURITIES, INC. 131,200 PNB SECURITIES, INC. 249,500 PREMIUM SECURITIES, INC. 272,000 SALISBURY BKT SECURITIES CORPORATION 55,700 QUALITY INVESTMENTS & SECURITIES CORPORATION 555,300 R & L INVESTMENTS, INC. 15,400 ALAKOR SECURITIES CORPORATION 255,567 R. COYIUTO SECURITIES, INC. 189,700 REGINA CAPITAL DEVELOPMENT CORPORATION 517,400 R. NUBLA SECURITIES, INC. 1,952,600 AAA SOUTHEAST EQUITIES, INCORPORATED 14,000 R. S. LIM & CO., INC. 415,200 RTG & COMPANY, INC. 271,200 S.J. ROXAS & CO., INC. 111,300 SECURITIES SPECIALISTS, INC. 56,300 FIDELITY SECURITIES, INC. 112,000 SUMMIT SECURITIES, INC. 275,501 STANDARD SECURITIES CORPORATION 2,124,400 SUPREME STOCKBROKERS, INC 280,000 TANSENGCO & CO., INC. 482,400 THE FIRST RESOURCES MANAGEMENT & SECURITIES CORP. 3,313,300 TOWER SECURITIES, INC. 394,300 APEX PHILIPPINES EQUITIES CORPORATION 7,700 TRI-STATE SECURITIES, INC. 38,700 UCPB SECURITIES, INC. 896,200 3 of 8

BPNAME HOLDINGS VENTURE SECURITIES, INC. 2,879,300 VICSAL SECURITIES & STOCK BROKERAGE, INC. 31,000 FIRST METRO SECURITIES BROKERAGE CORP. 11,601,768 WEALTH SECURITIES, INC. 6,805,200 WESTLINK GLOBAL EQUITIES, INC. 7,800 BERNAD SECURITIES, INC. 153,000 WONG SECURITIES CORPORATION 42,000 YAO & ZIALCITA, INC. 2,901,700 YU & COMPANY, INC. 305,600 BDO SECURITIES CORPORATION 18,167,577 PCCI SECURITIES BROKERS CORP. 211,240 EAGLE EQUITIES, INC. 799,300 GOLDEN TOWER SECURITIES & HOLDINGS, INC. 345,000 SOLAR SECURITIES, INC. 546,000 G.D. TAN & COMPANY, INC. 490,200 CLSA PHILIPPINES, INC. 456,000 DW CAPITAL INC. 16,000 PHILIPPINE EQUITY PARTNERS, INC. 499,572 UNICAPITAL SECURITIES INC. 598,621 SunSecurities, Inc. 111,500 ARMSTRONG SECURITIES, INC. 6,500 KING'S POWER SECURITIES, INC. 1,510,300 TIMSON SECURITIES, INC. 500 STAR ALLIANCE SECURITIES CORP. 2,500 - TRUST BANKING GROUP 9,006,560 BANK OF COMMERCE - TRUST SERVICES GROUP 174,000 COCOPLANS, INC. 7,000 CHINA BANKING CORPORATION - TRUST GROUP 771,460 CITIBANK N.A. 98,689,739 DEUTSCHE BANK MANILA-CLIENTS A/C 219,435,676 DEUTSCHE BANK MANILA-CLIENTS A/C 1,809,833 GOVERNMENT SERVICE INSURANCE SYSTEM 66,423,694 THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 258,290,774 THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 93,318,079 LAND BANK OF THE PHILIPPINES-TRUST BANKING GROUP 94,880 MAA GENERAL ASSURANCE PHILS., INC. 199,800 UCPB GENERAL INSURANCE CO., INC. 35,000 AB CAPITAL & INVESTMENT CORP. - TRUST & INVESTMENT DIV. 472,400 ASIA UNITED BANK - TRUST & INVESTMENT GROUP 135,700 UNITED COCONUT PLANTERS LIFE ASSURANCE CORPORATION 80,000 SSS PROVIDENT FUND 2,280,050 PNB TRUST BANKING GROUP 6,788,420 RETIREMENT PLAN-STP 620,500 VICA SERVICES & MANAGEMENT CORPORATION 150,000 RCBC TRUST & INVESTMENT DIVISION 5,132,880 RCBC TRUST & INVESTMENT DIVISION - VARIOUS TAXABLE ACCTS 1,016,410 STANDARD CHARTERED BANK 43,737,120 MBTC - TRUST BANKING GROUP 10,323,281 SOCIAL SECURITY SYSTEM 77,520,280 UNITED COCONUT PLANTERS BANK-TRUST BANKING 2,082,900 UNITED FUND, INC. 250,000

TOTAL 1,437,207,736 4 of 8

BPNAME HOLDINGS

If no written notice of any error or correction is received by PDTC within five (5) calendar days from receipt hereof, you shall be deemed to have accepted the accuracy and completeness of the details indicated in this report. This document is computer generated and requires no signature.