Eneray Center, Mem Road, Fort Bonifacio 1201 Taguig Gey, Pailopines Tel: +69 2) 899.5001 10-47; 895.1520 10 64 Fax: 483 2) 840.1575 ‘October 12, 2009 JANET A. ENCARNACION HEAD, DISCLOSURE DEPARTMENT 4F The Philippine Stock Exchange, Inc. PSE Centre, Exchange Road, Ortigas Center Pasig City Dear Ms. Encamacion: We advise that the Securities and Exchange Commission (“SEC”) approved today the increase (“Increase”) in authorized capital stock of Energy Development Corporation (the “Corporation”) from Fifteen Billion Seventy Five Million Pesos (Php15,075,000,000.00) divided into (i) Fifteen Billion (15,000,000,000) common shares with a par value of One Peso (Phpl.00) per share, or an aggregate par value of — Fifteen Billion Pesos (Php15,000,000,000.00); and (ii) Seven Billion Five Hundred Million (7,500,000,000) preferred shares with a par value of 1/100 Peso (Php0.01) per share, or an aggregate par value of Seventy Five Million Pesos (Php75,000,000.00), to Thirty Billion One Hundred Fifty Million Pesos (Php30,150,000,000.00) divided into (i) Thirty Billion (30,000,000,000) ‘common shares with a par value of One Peso (Php1.00) per share, or an aggregate par value ‘of Thirty Billion Pesos (Php30,000,000,000.00); and (ii) Fifteen Billion (15,000,000,000) preferred shares with a par value of 1/100 Peso (Php0.01) per share, or an aggregate par value of One Hundred Fifty Million Pesos (Php150,000,000.00), by way of a common stock dividend (totaling 3,750,000,000 common shares with any fractional shares being subscribed by the EDC Retirement Fund and/or Trust for the EDC Executive/Employce Stock Ownership Plan) and the subscription by the current preferred stockholders to 1,875,000,000 preferred shares, representing 25% of the increase in the preferred shares at par value. The stock dividends to be issued from the Increase will be distributed to stockholders as of the record date of October 27, 2009 and the payment date will be on November 23, 2009. Attached are copies of: (i) the SEC Certificate of Filing. of Amended Articles of Incorporation; (ji) SEC Certificate of Approval of Increase of Capital Stock; and (fii) SEC ‘Order Fixing the Record Date of Stock Dividend, all dated October 12, 2009. Very truly yours, Ah Erddito 8. Recio Investor Relations Mynager & Corporate Information OfficerREPUBLIC OF THE PHILIPPINES }}) SECURITIES AND EXCHANGE COMMISSION ‘SEC Building, EDSA, Greenhills, City of Mandaluyong, Metro Manila COMPANY REG. NO. 66381 CERTIFICATE OF FILING OF AMENDED ARTICLES OF INCORPORATION KNOW ALL PERSONS BY THESE PRESENTS: This is to certify that the amended articles of incorporation of the ENERGY DEVELOPMENT (EDC) CORPORATION (Amending Article VII thereof) copy annexed, adopted on May 19, 2009, by a majority vote of the Board of Director and on June 30, 2009 by the vote of the stockholders owning or representing more than two-thirds of the outstanding capital stock and certified under oath by the Secretary and a majority of the Board of Directors of the corporation was approved by the Commission on this date pursuant to the provision of Section 16 of the Corporation Code of the Philippines, Batas Pambansa Blg, 68, approved on May 1, 1980 and copies thereof are filed with the Commission. Unless this corporation obtains or already has obtained the appropriate Secondary License from this Commission, this Certificate does not authorize it to undertake business activities requiring a Secondary License from this Commission such as, but not limited to acting as: broker or dealer in securities, government securities eligible dealer (GSED), investment adviser of an investment company, close-end or ‘open-end investment company, investment house, transfer agent, commodity/financial futures exchange/broker/merchant, financing company, pre-need plan issuer, general agent in pre-need plans and time shares/club shares/ membership certificates issuers or selling agents thereof. Neither does Certificate constitute as permit to undertake activities for which other government agencies require a license or permit. IN WITNESS WHEREOF, I have set my hand and caused the seal of this Commission to be affixed to this Certificate at Mandaluyong City, Metro Manila, Philippines, this [LYL day of October, Two Thousand Nine. BENITO A. CATARAN Director Company Registration and Monitoring DepartmentAMENDED ARTICLES OF INCORPORATION OF ENERGY DEVELOPMENT (EDC) CORPORATION KNOW ALL MEN BY THESE PRESENTS: That we, all of legal age, a majority of whom are residents of the Philippines, have this day voluntarily associated ourselves together for the purpose of forming a corporation under the laws of the Philippines, AND WE HEREBY CERTIFY: FIRST. That the name of said corporation shall be ENERGY DEVELOPMENT (EDC) CORPORATION, formerly PNOC ENERGY DEVELOPMENT CORPORATION, (as amended by the Board of Directors under Board Resolution __ and Stockholders meeting last June 10, 2008). SECOND. That the purpose or purposes for which the Corporation is formed are: PRIMARY PURPOSE To explore, discover, develop, extract, dig and drill for, produce, utilize, refine, treat, process, transport, market, use, experiment with, distribute, manufacture, smelt or otherwise deal in, any substance, mineral or otherwise, which by itself or in combination with other substances, or after processing or refining, or the application to it of technology emanates, gives off, generates or causes the emanation of generation of heat or power or energy such as, but not limited to, petroleum or oil, coal, marsh gas, methane gas, geothermal sources of heat and power, uranium and other minerals and fossil deposits, and to promote, offer, negotiate, conclude, execute, sell, engage in and/or render technical consultancy services whether locally or abroad. (As amended by Board and Stockholders’ Resolution on September 21, 1998.)