June 22, 2015

DISCLOSURE DEPARTMENT

The Philippine Stock Exchange

3/F Tower One and Exchange Plaza

Ayala Triangle, Ayala Avenue

Makati City

Attention: JANET A. ENCARNACION

Head, Disclosure Department

Gentlemen:

We reply to your request for clarification on the news entitled “DMCI ordered to suspend sale of units” posted in philstar.com on June 20, 2015. The article reported in part that:

“MANILA, Philippines - The Housing and Land Use Regulatory Board (HLURB) has suspended the license of DMCI to sell condominium units in its Torre de Manila after the Supreme Court (SC) issued a temporary restraining order (TRO) on the construction of the building that ruins the iconic sightline of the monument of national hero Jose Rizal in Rizal Park

. . . . .

The HLURB issued the suspension order on Thursday afternoon. It will take effect as soon as the developer receives the directive.

HLURB chief executive officer Antonio Bernardo said the suspension remains in effect until the SC lifts the TRO. . . . .”

We would like to confirm that on June 18, 2015, the Housing and Land Use Regulatory Board (HLURB) suspended the license to sell of DMCI Project Developers, Inc. (DMCI PDI) for its Torre De Manila project, in view of the Temporary Restraining Order (TRO) issued by the Supreme Court. DMCI PDI received a copy of the HLURB Order last Friday, June 19, 2015.

Thank you.