Public ownership report: December 2020

January 14, 2021

Philippine Stock Exchange Inc.

6/F Philippine Stock Exchange Tower 28th Street corner 5th Avenue Bonifacio Global City, Taguig City

Attention : Mr. Mark V. Visda

Head - Corporate Planning & Research

Gentlemen:

In compliance with the requirement of the Philippine Stock Exchange (the "Exchange") as set out in Memorandum No. 2008-0356 dated July 29, 2008, we submit herewith the computation of public ownership level of common shares of PLDT Inc. listed on the Exchange as of December 31, 2020, hereto attached as Annex A.

Thank you.

Very truly yours,

PLDT Inc.

MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

PLDT Inc.

Computation of Public Ownership (Common Stock) as of December 31, 2020

Number of Issued Shares					218,779,886
Less: Number of Treasury Shares1					2,724,111
Number of Outstanding Shares					216,055,775
Less :
			Number of Shares			% to Total
				Total direct and	Outstanding
		Name
		Direct	Indirect		indirect shares	Shares
A.	Directors
		Manuel V. Pangilinan	271,611	13,300	3	284,911	0.131869
		Manuel L. Argel, Jr.	1	-		1	0.000000
		Helen Y. Dee	98	24,982	2	25,080	0.011608
		Ray C. Espinosa	13,043	18,700	3	31,743	0.014692
		James L. Go	135,914	740,240	3	876,154	0.405522
		Shigeki Hayashi	1	-		1	0.000000
		Junichi Igarashi	1	-		1	0.000000
		Bernido H. Liu	1	-		1	0.000000
		Artemio V. Panganiban	1	5,370	3	5,371	0.002486
		Albert F. Del Rosario	106,780	35,630	3	142,410	0.065914
		Ma. Lourdes C. Rausa-Chan	39	9,761	3	9,800	0.004536
		Pedro E. Roxas	21	210	4	231	0.000107
		Marife B. Zamora	5	-		5	0.000002
		Sub-Total	527,516	848,193		1,375,709	0.636738
B.	Officers
		Alfredo S. Panlilio	3,000	12,505	3	15,505	0.007176
		Anabelle L. Chua	11,258	13,120	3	24,378	0.011283
		Victorico P. Vargas	-	12,965	3	12,965	0.006001
		Marilyn A. Victorio-Aquino	-	10,300	3	10,300	0.004767
		Gina Marina P. Ordoñez	-	5,141	3	5,141	0.002379
		Alejandro O. Caeg	-	9,315	3	9,315	0.004311
		Mary Rose L. Dela Paz	-	3,260	3	3,260	0.001509
		Juan Victor I. Hernandez	-	4,733	3	4,733	0.002191
		Menardo G. Jimenez, Jr.	22	8,022	3	8,044	0.003723
		June Cheryl A. Cabal-Revilla5	-	8,390	3	8,390	0.003883
		Katrina Luna-Abelarde	-	3,881	3	3,881	0.001796
		Marco Alejandro T. Borlongan	-	3,053	3	3,053	0.001413
		Mary Julie C. Carceller	-	-		-	-
		Bernard H. Castro	-	-		-	-
		Marisa V. Conde	-	2,325	3	2,325	0.001076
		Joan A. De Venecia-Fabul6	-	244	3	244	0.000113
		Gil Samson D. Garcia	-	33	3	33	0.000015
		Joseph Ian G. Gendrano	-	1,712	3	1,712	0.000792
		Ma. Criselda B. Guhit	-	2,694	3	2,694	0.001247
		Leah Camilla R. Besa-Jimenez	-	3,480	3	3,480	0.001611
		Princesita P. Katigbak	-	1,475	3	1,475	0.000683
		Albert Mitchell L. Locsin	-	2,478	3	2,478	0.001147
		Florentino D. Mabasa, Jr.	-	3,661	3	3,661	0.001694
		Leo I. Posadas	10	3,055	3	3,065	0.001419
		Dale M. Ramos	-	2,660	3	2,660	0.001231

Page 1 of 4

Angel T. Redoble	-	1,105	3
Aileen D. Regio	-	2,052	3
Luis S. Reñon	-	55	3
Bernadette C. Salinas 6	-	669	3
Emiliano R. Tanchico, Jr. 7	-	4,539	3
Victor Y. Tria	-	2,167	3
Jude Michael H. Turcuato 8	-	-
Melissa V. Vergel de Dios	-	3,435	3
Catherine Y. Yang	-	1,900	3
John Henri C. Yanez 6	-	968	3
Ma. Cecilia H. Abad	-	633	3
Minerva M. Agas	-	1,625	3
Benedict Patrick V. Alcoseba	-	1,454	3
Cecille M. Alzona 9	-	266	3
Elizabeth S. Andojar	-	1,090	3
Roy Victor E. Ańonuevo	-	551	3
Tito Rodolfo B. Aquino, Jr.	-	890	3
Mitchie M. Arcaina	-	250	3
Jerameel A. Azurin	-	1,304	3
Francis A. Bautista 10	-	767	3
Rafael M. Bejar, M.D.	-	1,275	3
Dianne M. Blanco 11	-	20	3
Wilson S. Bobier	-	612	3
Luis Gregorio D. Casas	-	211	3
Joseph Michael Vincent G. Co 12	-	-
Ma. Monica M. Consing	-	298	3
Branden B. Dean	-	-
Gene S. De Guzman	-	1,132	3
Aniceto M. Franco III	-	756	3
John John R. Gonzales	-	1,128	3
Leonard A. Gonzales 13	-	-
Silverio S. Ibay, Jr.	-	1,295	3
Gary F. Ignacio	-	1,108	3
Marven S. Jardiel	-	1,444	3
Alexander S. Kibanoff	-	1,444	3
Javier C. Lagdameo	-	1,775	3
Armando Dodjie T. Lim 10	-	532	3
Czar Christopher S. Lopez	-	1,970	3
Paolo Jose C. Lopez	-	1,500	3
Ma. Carmela F. Luque	-	1,635	3
Melanie A. Manuel 7	-	670	3
Ronaldo David R. Mendoza 7	-	670	3
Loreevie Gail O. Mercado 14	-	-
Oliver Carlos G. Odulio	-	1,484	3
Jonston Prince W. Ong	-	-
Carlo S. Ople	-	1,338	3
Charles Louise L. Orcena	-	325	3
Serviliano L. Padiz, Jr. 10	-	499	3
Raymond A. Racho	106	470	3
Eduardo H. Rafuson 7	-	890	3
Ricardo C. Rodriguez 7	5,712	-
Genaro C. Sanchez	4,460	1,263	3
Maria Christina C. Semira	-	969	3
Ma. Merceditas T. Siapuatco	-	1,295	3
Arvin L. Siena	-	1,488	3
Carla Elena A. Tabuena	-	1,362	3

1,105 0.000511

2,052 0.000950

1. 0.000025

1. 0.000310

4,539	0.002101
2,167	0.001003
-	-
3,435	0.001590
1,900	0.000879

1. 0.000448

1. 0.000293

1,625 0.000752

1,454 0.000673

1. 0.000123
   1,090 0.000505

1. 0.000255

1. 0.000412

1. 0.000116
   1,304 0.000604

1. 0.000355

1,275 0.000590

1. 0.000009

1. 0.000283

211	0.000098
-	-
298	0.000138
-	-
1,132	0.000524
756	0.000350
1,128	0.000522
-	-
1,295	0.000599
1,108	0.000513
1,444	0.000668
1,444	0.000668
1,775	0.000822

1. 0.000246
   1,970 0.000912
   1,500 0.000694
   1,635 0.000757

1. 0.000310

670	0.000310
-	-
1,484	0.000687
-	-
1,338	0.000619

1. 0.000150

1. 0.000231

1. 0.000267

1. 0.000412

5,712 0.002644

5,723 0.002649

969 0.000449

1,295 0.000599

1,488 0.000689

1,362 0.000630

Page 2 of 4

	Ma. Magdalene A. Tan 10	-	-		-	-
	Patrick S. Tang	-	1,908	3	1,908	0.000883
	Jecyn Aimee C. Teng	-	652	3	652	0.000302
	Milan M. Topacio	-	457	3	457	0.000212
	Radames Vittorio B. Zalameda	-	932	3	932	0.000431
	Sub-Total	24,568	179,029		203,597	0.094234
C.	Principal/Substantial Stockholders
	Philippine Telecommunications	26,034,263	-		26,034,263	12.049788
	Investment Corp.
	Metro Pacific Resources, Inc.	21,556,676	-		21,556,676	9.977366
	Non-Philippine Subsidiary of	-	7,653,703	3	7,653,703	3.542466
	First Pacific Company Limited
	NTT Communications Corp.	12,633,487	-		12,633,487	5.847327
	NTT DOCOMO, INC.	22,796,902	8,533,253	15	31,330,155	14.500957
	JG Summit Group	24,342,455	-		24,342,455	11.266746
	Sub-Total	107,363,783	16,186,956		123,550,739	57.184650
D.	Affiliates	-	-		-
E.	Government 16	-	-		-
F.	Banks 16	-	-		-
G.	Employees 17	-	-		-
H.	Lock-Up Shares	-	-		-
I.	Others	-	-		-

Total number of Non-Public Shares

Total Number of Shares Owned by the Public 18

Legend :

125,130,045

90,925,730

1. All of the 2,724,111 common shares acquired by the Company for the period March 17, 2008 to December 31, 2020, pursuant to its Share Buyback Program, have already been reflected in the above data.
2. As chairperson and president of Hydee Management and Resource Corporation, Ms. Dee may exercise the voting right in respect of 21,957 shares of Hydee Management and Resource Corporation. Also includes 2,780 shares thru RCBC Trust for the account of Michelle Y. Dee-Santos and 245 shares under the name of Helen Y. Dee both thru PCD Nominee Corporation.
3. Thru PCD Nominee Corporation.
4. Buyer is a Trust controlled by Mr. Pedro Roxas for his children thru PCD Nominee Corporation.
5. Retirement effective on the close of business hour on December 31, 2020.
6. Promoted to First Vice President effective November 5, 2020.
7. Separated from service effective January 1, 2021.
8. Appointment as First Vice President effective July 16, 2020, was confirmed by the Board in its meeting held on November 5, 2020.
9. Appointment as Vice President effective November 1, 2020, was confirmed by the Board in its meeting held on November 5, 2020.
   10 Promoted to Vice President effective November 5, 2020.
   11 Appointment as Vice President effective January 16, 2020, was confirmed by the Board in its meeting held on November 5, 2020. 12 Appointment as Vice President effective August 1, 2020, was confirmed by the Board in its meeting held on November 5, 2020.
   13 Appointment as Vice President effective September 1, 2020, was confirmed by the Board in its meeting held on November 5, 2020. 14 Appointment as Vice President effective October 16, 2020, was confirmed by the Board in its meeting held on November 5, 2020. 15 Thru JP Morgan Hongkong Nominees Limited.

16 Shares issued/registered to government corporations and banks cannot be provided by our transfer agent due to system limitation in the database. Some names are in acronym and are not readily identifiable if a bank or a government corporation.

Page 3 of 4

1. Shares issued on account of the Company's Stock Plan (ESOP and PLDT Stock Purchase Plan) cannot readily be provided by our transfer agent due to system limitation. We believe that the outstanding shares issued under the Company's Stock Plan will not exceed 5% of PLDT's total outstanding common stock as of December 31, 2020.
2. Includes 6,268,366 shares registered in the name of JP Morgan Hongkong Nominees Limited, as nominee of JPMorgan Chase Bank, successor depositary under the Common Stock Deposit Agreement, dated October 14, 1994, as amended on February 10, 2003, between JPMorgan Chase Bank and the holders of American Depositary Receipts, or ADRs, evidencing American Depositary Shares, or ADS, representing shares of common stock of the Company. For the purpose of this report, 8,533,253 shares of common stock underlying ADS owned by NTT DOCOMO, INC. have been deducted from JP Morgan Hongkong Nominees Limited's shareholdings and are included in the shareholdings of principal stockholders. Per JP Morgan Hongkong Nominees Limited, none of the holders of ADSs owns more than 10% of PLDT outstanding common stock as of December 31, 2020.
   Includes 72,830,584 shares registered in the name of PCD Nominee Corporation. For the purpose of this report, 7,653,703 shares beneficially owned by a Non-Philippine subsidiary of First Pacific Company Limited and 1,005,265 shares beneficially owned by PLDT directors and officers, have been deducted from PCD Nominee Corporation and are included in the shareholdings of the principal stockholders and PLDT directors and officers, respectively. Based on the information provided by PDTC to PLDT, none of the owners of the PLDT common shares registered under the name of PCD Nominee Corporation (PCD) owns more than 10% of PLDT's outstanding common stock as of December 31, 2020.

Note:

Social Security System (SSS) - SSS holds 11,157,534 PLDT common shares, equivalent to 5% of the total outstanding common stock or 3% of the total outstanding voting stock of the Company. SSS has consistently maintained its 5% shareholdings (over the total outstanding common stock) and 3% shareholdings (over the total outstanding voting stock) for the last 5 years.

The aforementioned shares of SSS were not counted as Non-Public Shares because the Company believes that the percentage of SSS' shareholdings in PLDT is not substantial enough for SSS to gain significant influence over the management of the Company. (Reference: PSE Guidelines In Determining the Public Ownership of Listed Companies)

Page 4 of 4

			ANNEX A
PUBLIC OWNERSHIP PERCENTAGE
Total Number of Shares Owned by the Public
90,925,730	shares		42.08%
216,055,775	shares
Number of Outstanding Common & Preferred Shares	=	666,055,775
Number of Outstanding Common Shares	=	216,055,775
Number of Treasury Shares		=	2,724,111	*
Number of Listed Common Shares		=	222,666,391
Number of Foreign-Owned Common Shares	=	91,230,099
Foreign Ownership Level (%)		=	13.70%	**
Foreign Ownership Limit (%)		=	40%	***

Note: Please observe the same cut-off date.

* Please refer to footnote 1 in page 3

• The above percentage of Foreign Ownership level was computed based on the total outstanding common shares reported to be owned by foreigners over the total issued and outstanding common and preferred shares. A total of 91,230,099 common shares were reported to be owned by foreigners as of December 31, 2020, or equivalent to 13.70% of the 666,055,775 total outstanding common & preferred shares of the Company.

*** Foreign Ownership Limit

Article XII, Section 11 of the Constitution of the Republic of the Philippines (the "Constitution") provides in part:

"Sec. 11. No franchise, certificate, or any other form of authorization for the operation of a public utility shall be granted except to citizens of the Philippines or to corporations or associations organized under the laws of the Philippines, at least sixty per centum of whose capital is owned by such citizens xxx."

In the case of Wilson P. Gamboa vs. Finance Secretary Margarito B. Teves, et al (G.R. No. 176579) (the "Gamboa Case"), the Supreme Court of the Republic of the Philippines (the "Supreme Court") rendered a decision on June 28, 2011 (the "June 28, 2011 Decision"), the dispositive portion of which is quoted in part as follows:

"WHEREFORE, we PARTLY GRANT the petition and rule that the term "capital" in Section 11, Article XII of the 1987 Constitution refers only to shares of stock entitled to vote in the election of directors, and thus in the present case only to common shares, and not to the total outstanding capital stock (common and non-voting preferred shares) xxx."

Motions for Reconsideration of the June 28, 2011 Decision were filed by several respondents in the Gamboa Case, which were denied with finality by the Supreme Court in a Resolution promulgated on October 9, 2012.

Subsequently, the Securities and Exchange Commission (SEC) issued SEC Memorandum Circular No. 8, Series of 2013 dated May 20, 2013 ("SEC MC No. 8") which sets forth the guidelines on compliance with the ownership requirements in the Constitution and/or existing laws by corporations engaged in nationalized or partly nationalized activities. SEC MC No. 8 provides in pertinent part, as follows:

"Section 1. This Circular shall apply to all corporations ("covered corporations") engaged in identified areas of activities or enterprises specifically reserved, wholly or partly, to Philippine Nationals by the Constitution, the FIA and other existing laws, amendments thereto and IRRs of said laws, except as may otherwise be provided therein.

Section 2. All covered corporations shall, at all times, observe the constitutional or statutory ownership requirement. For purposes of determining compliance therewith, the required percentage of Filipino ownership shall be applied to BOTH (a) the total number of outstanding shares of stock entitled to vote in the election of directors; AND (b) the total number of outstanding shares of stock, whether or not entitled to vote in the election of directors. x x x"

On June 10, 2013, Jose M. Roy III filed before the Supreme Court a Petition for Certiorari against the SEC, the SEC Chairman and PLDT claiming among others that SEC MC No. 8 violates the decision of the Supreme Court in the Gamboa Case. In a Decision dated November 22, 2016 (the "November 22, 2016 Decision"), the Supreme Court dismissed the petitions filed by Jose M. Roy III and other petitioners-in-intervention. The November 22, 2016 Decision upheld the validity of SEC MC No. 8 which requires public utility corporations to maintain at least 60% Filipino ownership in both its "total number of outstanding shares of stock entitled to vote in the election of directors" and its "total number of outstand ing shares of stock, whether or not entitled to vote in the election of directors" and declared the same to be compliant with the Supreme Court's ruling in the Gamboa Case. Petitioner Jose M. Roy III filed a Motion for Reconsideration of the November 22, 2016 Decision, which was denied with finality by the Supreme Court on April 18, 2017.

Applying SEC MC NO. 8 to PLDT, the bases for calculation of the 40% foreign ownership restriction are: (a) PLDT's outstanding shares of voting stocks (common and voting preferred) which are all entitled to vote in the election of directors. For this purpose, the foreign ownership level of PLDT was 24.92% of the 366,055,775 total outstanding shares of voting common and preferred stocks as of December 31, 2020; and (b) PLDT's outstanding shares of stock whether or not entitled to vote in the election of directors. For this purpose, the foreign ownership level of PLDT was 13.70% of the 666,055,775 total outstanding common and preferred stocks as of December 31, 2020.