MANILA, Philippines 30th October 2019 — PLDT Inc. (the “Issuer” or “PLDT”) (PSE: TEL) (NYSE: PHI), the leading telecommunications and digital services provider in the Philippines, today announced the early closing of its consent solicitation exercise relating to its 5.2250% 7-Year Fixed Rate Bonds due 2021 and 5.2813% 10-Year Fixed Rate Bonds due 2024 on 30 October 2019 (12:00 pm, Philippines) (the “Expiration Date”) from its original schedule of 15 November 2019.

PLDT has received the required consents to amend the maximum stand-alone Total Debt to EBITDA Ratio stipulated in the Trust Indenture from 3.0:1 to 4.0:1. Pursuant to the Consent Solicitation Statement released to the bondholders, a consent fee will only be paid to the consenting bondholders who have delivered valid and properly completed consent forms at or prior to the Expiration Date.

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This press release may contain some statements which constitute “forward-looking statements” that are subject to a number of risks and uncertainties that could affect PLDT’s business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.

For further information, please contact:

Anabelle L. Chua 
Tel No: 8816-8213

Leo I. Posadas 
Tel No: 8816-8079

Ramon R. Isberto
Tel No: 8511-3101