1/512015 Change in Number of Issued and/or Outstanding Shares

C01751-2014

II

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.2(c) THEREUNDER

;Fof Report (Date of earliest event reported)Apr10,2014

2. SEC Identification Number

91423. SIR Tax Identification No.

043-00-194-408V4. Exact name of issuer as specified in its charter

Fil-Estate Corporation5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Mezzanine Floor, Renaissance Tower, Meralco Avenue, Pasig CityPostal Code1600

8. Issuer's telephone number, including area code(02) 633-6205

9. Former name or former address, if changed since last report

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of EachClass

Number of Shares of Common Stock Outstanding and Amount of DebtOutstanding

FC 1,799,850,000--- ---~ ----11. Indicate the item numbers reported hereinSection 4.4 of the Revised Disclosure Rules

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporatedisclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, andare disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to theCorporate Information Officer of the disclosing party.

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1/512015 Change in Number of Issued ancVorOutstanding Shares

FiI-Estate CorporationFC

PSE Disclosure Form 4-11 - Change in Number of Issued and Outstanding SharesReferences: Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Change in Number of Issued and Outstanding Shares

• Background/Description of the Disclosure----Please see attached.

Change(s) in Number of Issued and Outstanding Shares

Issued Shares

Type of Security /Stock Symbol Before After

FC 997,946,486 1,799,850,000

Outstanding Shares

Type of Security /Stock Symbol---------------~---------------Before AfterFC 999,850,000 1,799,850,000

Other Changes, if any

In percent

Public float

Foreign Ownership level

Before After

___ ..1.- _

23.710.4

13.16

0.22

Filed on behalf by:

Name

Designation

_ __ IGilbert Raymund_ReyesCorporate Secretary

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COVER SHEET

191114121 I I I I I I IS.E.C. Registration Number

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I(Company's Full Name)

I I I I I 171T IH I I IF IL 1010 IR I IR IE IN IA II Is Is IA IN Ic IE I I II I IT 10 IwlE IR I 1MIE IR IA IL Ie 10 I IA Iv IE IN Iu IE I I I I I I I II I I I I Ip IA Is II IG I Ic II IT Iy I I I I I I I I I I I I I I I

(Business Address: No. Street City! Town! Province)

RAMON G. JIMENEZ (02) 633 - 6205Contact Person Company Telephone Number

OJ OJMonth Day

IAPPROVAL OF VALUATION

FORMTYPE[[] IT]Month Day

calendar year Regitered!UstedSecondary License Type, If Appplicable

I I I I I I I I I I I IDept. Requiring this Doc. Amended Articles Number! Section

Total Amount of Borrowings~----~I I~ ~Domestic Foreign

*********************************************************************************************To be accomplished by SECPersonnel concerned

I I I I I I I I IFile Number LCU

I I I I I I I I I I I IDocument 1.0. Cashier

STAMPS

Remarks = pis. use black ink for scanning

Fil-Estate Corporation

December t". 2013

Philippine Stock Exchange3F PSE Plaza, Ayala TriangleAyala Avenue, Makati City

Attention: Ms. Janet A. EncarnacionHead, Disclosure Department

Gentlemen:

Please be informed that on December 16, 2013, the Securities and Exchange Commission (SEC)approved the conversion of portion of the liabilities of Fil-Estate Corporation (the "Company")to Pil-Estate Management. Inc. amounting to P800,DOO,OOO,into equity shares in the Company,equivalent to 800,000,000 shares with a par value of Pl.OO per share.

Attached is a copy of the Certificate of Approval of Valuation issued by the SEC for vourreference.

Thank vou very much.j •

Very truly yours,

Fil-Estate CorporationBy:

I~ezVice-President for Accounting!Corporate Information Officer

M f' Rel·'ji~.sdn(", T(MlW:"',A( ""alto l\yt! Or~J~hJ~Ct'(1lrcr Pf1~~'4C~l'~'T£' ;'~lIf)~.'15.l,'6;:'C~c: if\. frJ":.?l~~:'~ft~~

.""I"~;',',','1'••,',','4,.1,',I, I,','~,;f •.,', , f ••• ~ • , • t • ~ , '" • •••.•• , ••••• ~ ••• ., t .• ~ t 'II •. , I ••.•• -:.....:

-.: :-:...::~::-"" --•....---: :-REPUBLIC OF THE PHILIPPINES

SECURITIES AND EXCHANGE COMMISSIONSEC Building. EDSA. Greenhills

City of Mandaluyong Metro Mamla

COMP ~ REG. '0. 9I~2

CERTIFICATE OF APPROVAL OF VALUATIO

KNOW ALL PER ONS BY THESE PRESENTS:

THtS IS TO CERTIFY that the valuation of the advances of PSOO,OOO,OOO.OOa full payment for the additional subscription of 800000,000 hare with a par value of}»l.oo per share of

FIL-ESTATE CORPORATION

was approved by the Commission pursuant to the provi Ion of Section 62 of theCorporation Code of the Phil ippine Bata Pambansa BIg. 68, approved on May I, ]980.

IN WITNESS WHEREOF, I have hereunto et my hand and caused the seal ofthis Commission to be affixed to this Certificate at Mandaluyong City, Metro Manila.Philippines, this "fIv day or December, Twenty Thirteen.

,

FE~Al.ESActing Director

Company Registration and Monitoring Department

,7rF Renaissance Towers.Meralco Ave .. Ortigas Center. Pasig CityTelefax: (632) 633-3947

~ Fil-Estate Corporation10 April 2014

The Philippine Stock Exchange, Inc.3F Philippine Stock Exchange PlazaAyala Triangle, Ayala AvenueMakati City, Philippines 1226

Attention: Ms..Janet A. EncarnacionHead. Disclosure Department

Re: Change in Number of Issued andOutstanding Shares oC FU-EstateCorporation ("FC")

Gentlemen:

We understand that based on the records of the .Philippine Stock Exchange ("PSE"),FC has 997,946,486 totalissued shares, and 999,850,000 total outstanding shares.

The total number of issued shares has increased from997,946,486 to 1,799,850,000. The change is attributable tothe following:

997,946,486 -

800,000,000 -

1,901,163 -

Total issued shares per PSE records

Recordal of unlisted FC shares as aresult of the conversion of astockholder's (Fil-EstateManagement, Inc. or "FEMI")advances into equity, as recorded inFC's stock and transfer book as of31 March 2014. The Securities andExchange Commission's valuation ofthis conversion was disclosed to thePSE last 17 December 2013 (seeattached file).

Correction of Fe's stock and transferbook by its stock and transfer agent(Banco De Oro Unibank, Inc. or"BOO") to record partially paidshares of unidentifiableshareholders

2

2,351 - Correction of FC's stock and transferbook by BDO to record shares ofcertain minority stockholders whoseidentities cannot be ascertained atthis time

1,799,850,000 Total number of issued FC shares

The total number of outstanding shares is now also1,799,850,000, which has increased from 999,850,000. The800,000,000 increase arose from the aforementionedrecorda! of unlisted FC shares in favor of FEMI, as a result ofthe conversion of its advances to FC into equity.

We trust the foregoing addresses your concern.Should you have further questions, please let us know.

.Sincerelyyours,Jf.4I~.GILBERT RAYMUND

899.20.01ELL; FEC; clarification. 1OApril20 14