SIGNIFICANT EVENTS THAT AFFECTED THE FLUCTUATION OF FINANCIAL RATIOS

YEAR 2010

March
 Metro Pacific Investments Corporation (MPIC) established Beacon Electric Asset Holdings
Inc. (Beacon Electric), a Joint Venture between MPIC and PLDT Communication and Energy
Ventures (PCEV), for the sole purpose of holding their respective holdings in Manila Electric
Company (MERALCO), totaling 34.8%.

April
 Maynilad Water Services Inc.’s concession term was extended by an additional 15 years to
2037.

May
 MPIC acquired 51.0% of Riverside Medical Center Inc. (RMCI).

June
 Segment 8.1, an extension of North Luzon Expressway (NLEX), commenced operations.
 MPIC divested its entire interest in Manila North Harbour Port Inc.

July
 Maynilad’s Putatan Water Treatment Facility began operations.

August
 MPIC divested an additional 15.0% of LandCo., bringing its effective ownership down to
19.0%.
 MPIC declared its first dividend of P0.010 per common share to stockholders of record as of
19 August 2010.

November
 MPIC established East Manila Hospital Managers Corporation and entered into a 20-year
contract to manage and operate Our Lady of Lourdes Hospital.

YEAR 2017

January
 Metro Pacific Hospital Holdings, Inc. (MPHHI) acquired 65.0% of Delgado Clinic Inc., owner
and operator of the Dr. Jesus C. Delgado Memorial Hospital in Quezon City.

March
 MetroPac Water Investments Corporation (MPW) received the Notice of Award for the 30-
year Cagayan de Oro 100 MLD Bulk Water Project.
 Metro Pacific Investment Corporation’s (MPIC) consortium with Covanta Energy, LLC and
Macquarie Group, Ltd. received Original Proponent Status from the Quezon City Government
to design, construct, finance, and operate an Integrated Solid Waste Management facility. This
 facility will be capable of processing and converting up to 3,000 metric tons per day of
municipal solid waste into 36 MW (net) of renewable energy.

April
 MetroPac Movers, Inc. (MMI) acquired certain assets and business of Ace Logistics, Inc.
 NLEX Corporation (NLEX) and Tollways Management Corporation (TMC), signed the plan of
merger and articles of merger, with NLEX as the surviving corporation.

June
 MPIC acquired the remaining 25.0% stake of PLDT Communications and Energy Ventures in
Beacon Electric Asset Holdings (Beacon Electric). This was partially funded by MPIC from the
proceeds from the overnight placement of 4.5% of its directly held Manila Electric Company
(MERALCO) shares. This brought MPIC economic interest in MERALCO to approximately
45.5% and in Global Business Power Corporation to 62.4%.

July
 In the arbitration between the Republic of the Philippines (the Republic) and Maynilad Water
Services, Inc. (Maynilad), the three-man Arbitral Tribunal unanimously upheld the validity of
Maynilad’s claim against the Undertaking Letter issued by the Republic, through the
Department of Finance, to compensate Maynilad for the delayed implementation of its
relevant tariffs for the rebasing period 2013 to 2017. The Tribunal ordered the Republic to
reimburse Maynilad the amount of P3.4 billion for losses from 11 March 2015 to 31 August
2016, without prejudice to any rights that Maynilad may have to seek recourse against MWSS
for losses incurred from 1 January 2013 to 10 March 2015. Further, the Tribunal ruled that
Maynilad is entitled to recover from the Republic its losses from 1 September 2016 onwards.

September
 MPW received the Certificate of Acceptance and the conferment of the Original Proponent
Status for the Pampanga Bulk Water Supply Project from the Office of the Governor of
Pampanga.

October
 MPHHI acquired 54.0% stake in St. Elizabeth Hospital, Inc. – a 248-bed tertiary level hospital
in General Santos City.

November
 Together with earlier share transactions, Metro Pacific Tollways Corporation (MPTC)
acquired 48.3% of PT Nusantara Infrastructure Tbk (PT Nusantara) – an Indonesian
infrastructure holding company with interests in toll roads, port operations, water, energy
and telecommunications.
 Global Business Power Corporation acquired 50.0% of Alsons Thermal Energy Corporation.

Source: https://www.mpic.com.ph/about-us/significant-events/