Energy Development Corporation

38th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue

Ortigas Center, Pasig 1605, Philippines

Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332 (Globe)

July 17, 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:
We advise the Exchange of the status of our Bacman Geothermal Project as a result of
Typhoon Glenda.
Based on an ocular inspection conducted by site personnel on July 16, 2014 (Wednesday), please be advised of the following:

1. All power plant buildings are largely intact. The turbines and generators are unaffected.

2. Based on available information, we have not received any indication that our steam pipes sustained serious damage.

3. The cooling towers of Bacman's 55MW Units 1 & 2 have sustained damage and will require some repair before their return to service. The company would, however, like to stress the availability of strategic spares that have been ordered precisely for this type of contingency.

4. As earlier advised to the Exchange, Bacman's 20 MW Unit 3 is still on it's planned shutdown for the replacement of its generator with a brand new unit.

The shutdown is approximately for one month staring July 7, 2014, unless further assessment would require additional time.

5. Clearing operation of roads inside our Bacon Manito (BacMan) concession has commenced utilizing contractor owned equipment. Based on available information, 21 of the 25 reported landslides have already been cleared as of this disclosure's filing. The remaining 4 are expected to be cleared by today (July 17, 2014).

6. Based on available information, there has been no reported fatality within the

Bacman concession area.
We shall notify the exchange of any relevant development on Bacman Geothermal
Project as the results of the more detailed assessments become available.

Very truly yours,

lnvestor Relations anager &

Company Informat on Officer

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