EX-99 2 exhibit1.htm EX-99 Exhibit  EX-99

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of August 2013

Commission File Number 1-03006

Philippine Long Distance Telephone Company
(Exact Name of Registrant as Specified in Its Charter)

Ramon Cojuangco Building
Makati Avenue
Makati City
Philippines

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.)

Form 20-F Ö Form 40-F

(Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes No Ö

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-        )

1

NOTE REGARDING FORWARD-LOOKING STATEMENTS

Some information in this report may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. We have based these forward-looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words.

A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We have chosen these assumptions or bases in good faith. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in “Item 3. Key Information – Risk Factors” in our annual report on Form 20-F for the fiscal year ended December 31, 2012. You should also keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as at the date on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the statements in this report after the date hereof. In light of these risks and uncertainties, you should keep in mind that actual results may differ materially from any forward-looking statement made in this report or elsewhere.

2

EXHIBITS

         
Exhibit Number       Page
   
Copies of the disclosure letters that we filed today
with the Securities and Exchange Commission and the
Philippine Stock Exchange regarding the following
matters:
 



1
2
 
Press release regarding the Company’s unaudited
consolidated financial results for the six (6) months
ended June 30, 2013;
Cash dividend declaration on the Company’s Common Stock
and Series IV Cumulative Non-Convertible Redeemable
Preferred Stock; and

Confirmation of appointment of new officers.

 








EXHIBIT 1

August 7, 2013

Philippine Stock Exchange
3/F Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue
Makati City

Attention: Ms. Janet A. Encarnacion

Head, Disclosure Department

Gentlemen:

In accordance with Section 17.1 (b) and Section 17.3 of the Securities Regulation Code, we submit herewith a copy of SEC Form 17-C with a press release attached thereto regarding the Company’s unaudited consolidated financial results for the six (6) months ended June 30, 2013.

This shall also serve as the disclosure letter for the purpose of complying with PSE Revised Disclosure Rules.

 
Very truly yours,
/s/Ma. Lourdes C. Rausa-Chan—
 
MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

3

EXHIBIT 1

August 7, 2013

Securities & Exchange Commission
SEC Building, EDSA
Mandaluyong City

Attention: Director Justina F. Callangan

Corporation Finance Department

Gentlemen:

In accordance with Section 17.1 (b) of Securities Regulation Code and SRC Rule 17.1, we submit herewith two (2) copies of SEC Form 17-C with a press release attached thereto regarding the Company’s unaudited consolidated financial results for the six (6) months ended June 30, 2013.

 
Very truly yours,
/s/Ma. Lourdes C. Rausa-Chan—
 
MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

4

EXHIBIT 1

COVER SHEET

                     
P   W   -   5   5    
    S.E.C. Registration No.    
                                                                                     
P
  H   I   L   I   P   P   I   N   E   L   O   N   G   D   I   S   T   A   N   C   E
 
                                                                                   
                                                             
T
  E   L   E   P   H   O   N   E   C   O   M   P   A   N   Y
 
                                                           

(Company’s Full Name)

                                                                             
R
  A   M   O   N   C   O   J   U   A   N   G   C   O   B   L   D   G     .  
 
                                                                           
                                                                                 
M
  A   K   A   T   I   A   V   E     .     M   A   K   A   T   I   C   I   T   Y
 
                                                                               

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

     
MS. JUNE CHERYL A. CABAL-REVILLA   816-8534
Contact Person
  Company Telephone Number
                                                         
1     2       3       1     SEC FORM 17-C 0     6     Every 2nd
                                                Tuesday    
-     -       -       -       -     -              
Month
                  Day           FORM TYPE   Month           Day
    Fiscal Year               Annual Meeting    
                 
C   F   D   N/A
-   -   -        
Dept. Requiring this Doc.       Amended Articles
               
Number/Section
                         
        Total Amount of Borrowings        
12,075       N/A        
As of June 30, 2013                
 
      N/A  
 
 
 
                 
Total No. of Stockholders
  Domestic Foreign            

— —

To be accomplished by SEC Personnel concerned

         
    ______________________________
File Number
      LCU
         
    ______________________________
Document I.D.
      Cashier
 
STAMPS

Remarks: Please use black ink for scanning purposes.
EXHIBIT 1

SECURITIES AND EXCHANGE COMMISSION

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.1

1.   August 7, 2013

Date of Report (Date of earliest event reported)

2.   SEC Identification Number PW-55

3.   BIR Tax Identification No. 000-488-793

4.   PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

Exact name of issuer as specified in its charter

             
  5.    
PHILIPPINES6.       (SEC Use Only)
 
        Province, country or other jurisdictionIndustry Classification Code
       
of Incorporation
 
  7.    
Ramon Cojuangco Building, Makati Avenue, Makati City
Address of principal office
  1200
Postal Code

8. (632) 816-8405

Issuer’s telephone number, including area code

9. Not Applicable

Former name or former address, if changed since last report

10.   Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

     
Title of Each Class  
Number of Shares of Common Stock
Outstanding and Amount of Debt Outstanding

     
     
     

EXHIBIT 1

pressrelease

1H2013 CORE NET INCOME AT P19.4 BILLION, 5% OR P1.0 BILLION HIGHER
1H2013 REPORTED NET INCOME AT P19.7 BILLION, 2% UP
CONSOLIDATED SERVICE REVENUES AT P81.1BILLION, 2% HIGHER
COMBINED CELLULAR SUBSCRIBER BASE AT 73.4 MILLION,
5% HIGHER FROM YE2012
TOTAL BROADBAND SUBSCRIBERS AT 3.2 MILLION
INTERIM CASH DIVIDEND OF P63/SHARE DECLARED

  Consolidated Core Net Income of P19.4 billion for 1H2013, 5% or P1.0 billion higher than P18.4 billion in 1H2012

  Consolidated Reported Net Income for 1H2013 at P19.7 billion, 2% up from the P19.3 billion in 1H2012

  Consolidated service revenues increase 2% to P81.1 billion

  Consolidated EBITDA margin stable at 49% of service revenues; consolidated EBITDA higher by 2% at P40 billion

  Consolidated free cash flow at P20.7 billion for 1H2013

  Cellular subscriber base at 73.4 million, net additions of 3.5 million for the half

  Total broadband subscribers at 3.2 million; aggregate revenue contribution from broadband and internet services of P12.7 billion for 1H2013, 14% higher than last year

  Interim dividend of P63 per share, representing 70% payout of 1H2013 core earnings

MANILA, Philippines, 7thAugust 2013 –– Philippine Long Distance Telephone Company (“PLDT”) (PSE: TEL) (NYSE: PHI) today announced its unaudited financial and operating results for the first six months of 2013 with Consolidated Core Net Income, before exceptional items and including discontinued operations, amounting to P19.4 billion, 5% or P1.0 billion higher than the P18.4 billion recorded in the first half of 2012. The increase was due mainly to higher service revenues and EBITDA, as well as lower depreciation.

Reported Net Income, after reflecting exceptional transactions for the period, was up 2% to P19.7 billion, from P19.3 billion in the same period in 2012. The increase was a result of the combined impact of higher core income, the gain from the sale of the BPO business, higher foreign exchange and derivative losses and the retroactive effect of the adoption of revised Philippine Accounting Standard (“PAS”) 19. The revised PAS 19 relates to the recognition of termination benefits arising from our manpower reduction programs (“MRP”) which resulted in a reversal of P1.3 billion of MRP expenses accrued in the fourth quarter of 2012 and the recognition of P0.9 billion of those expenses in the first half of 2013.

EBITDA margin for the period was at 49%, a similar level to the same period last year and an improvement over the second half of 2012. Consolidated EBITDA for the first half of 2013 was 2% higher at P40.0 billion compared with the same period last year and up 6% over the second half of 2012. EBITDA excludes the retroactive effect of the revised PAS 19 described above.

Consolidated service revenues for the first six months of 2013 grew 2% to P81.1 billion, as revenues from the data and internet business more than offset the declines from international and national long distance streams.

Earlier today, the Company’s Board of Directors declared an interim dividend of P63 per share, in keeping with the Company’s commitment to payout a minimum ratio of 70% of core earnings.

Consolidated free cash flow remained robust at P20.7 billion. Consolidated capital expenditures for the period amounted to P4.8 billion as the PLDT Group continues to fortify its network despite having completed its two-year network transformation program ahead of schedule. At the end of June, PLDT’s total fiber footprint stood at more than 71,000 kilometers, inclusive of 7,200 kilometers of international submarine fiber, and over 4,000 kilometers of domestic submarine fiber. Capital expenditures are expected to reach P29.0 billion for the year, P7.4 billion lower than the capex spend for 2012.

The Group’s consolidated net debt stood at US$1.7 billion as at 30th June 2013. Gross debt amounted to US$2.7billion. Net debt to EBITDA was at 0.98x. The Company’s debt maturities continue to be well spread out, with over 70% due in and after 2015. The percentage of US dollar-denominated debt to the Group’s total debt portfolio is at 51%. Taking into account our peso borrowings, our hedges and our U. S. Dollar cash holdings, only 36% of total debt remains unhedged. The Group’s cash and short-term securities are invested primarily in bank placements and Government securities. PLDT is the first Philippine company to be rated “investment grade” by all three (3) major international ratings agencies.

Subscriber Base

The PLDT Group’s total cellular subscriber base as at 30th June 2013 was 73.4 million subscribers, broken down as follows: Wireless subsidiary Smart Communications, Inc (“Smart”) had 25.5 million subscribers under its mainstream Smart brands, while value brand Talk ‘N Text ended with 31.8 million subscribers as a result of 1.3 million net additions for the second quarter. Digitel had 16.1 million Sun Cellular subscribers. The Group’s combined postpaid cellular subscriber base grew by nearly 115,000 in the second quarter, and stood at 2.2 million at the end of the period, inclusive of Sun Cellular’s 1.4 million postpaid customer count.

On the other hand, the Group’s combined broadband subscriber base was 3.2 million at the end of the first half of 2013. SmartBro, Smart’s wireless broadband service offered through its wholly-owned subsidiary Smart Broadband, Inc., had a wireless broadband subscriber base of about 1.8 million at the end of the period, over 1.25 million of whom were on SmartBro’s prepaid service. Meanwhile, PLDT’s DSL subscribers increased by about 60,000 for the first six months of 2013, bringing the total subscriber base to 920,000, representing 45% of the fixed line subscriber base.

For the fixed line businesses of both PLDT and Digitel, the subscriber base remained at 2.1 million at the end of the first half of 2013.

Service Revenues

Smart and Sun Cellular together continue to lead the industry in terms of both revenues and subscribers. Wireless service revenues rose 2% to P57.7 billion for the first half of 2013, compared with the P56.7 billion recognized in the same period last year, reflecting the continued growth of non-SMS data and modest increases in cellular voice and data revenues.

Total broadband and internet revenues for the first six months of 2013 totaled P12.7 billion, a 14% growth rate year-on-year; broadband and internet now account for 16% of total group service revenues. Wireless broadband revenues, exclusive of mobile internet revenues, increased by 11% to P4.7 billion, compared with the P4.2 billion recorded last year. Moreover, mobile internet usage continues to grow strongly, with mobile internet revenues increasing by 49%, from P1.4 billion at the end of the first half of 2012 to P2.1 billion at the end of the first half of 2013. PLDT DSL generated P6.0 billion in revenues for the first six months of 2013, up 7% from P5.6 billion in the same period in 2012.

“Smartphone penetration continues to grow, especially in the postpaid sector where just over to 50% of subscribers now own a smartphone. We believe that postpaid will lead the way in mobile internet usage, hence our short-term strategy of offering attractive packages in order to entice ownership. We will back this up within the year with content that is engaging and compelling such that our subscribers’ smartphones will be their preferred option when it comes to accessing the web,” said Orlando B. Vea, Smart Chief Wireless Adviser. “In fact, we have jump started this with the launch of Smart Music and Cignal TV-to-Go last July”, he added.

Smart Music is Smart’s ‘game-changing” online music service. Developed in partnership with MCA Music, Inc, Smart Music is an online portal that will make available more than three million tracks from MCA Music’s global catalog to Smart, Talk ‘N Text and Sun subscribers, at prices that are roughly half of other online music stores. Cignal TV-to-Go is an over-the-top (“OTT”) service that allows mobiles subscribers to watch real-time broadcast feeds of Cignal TV on their smartphones or tablets. Currently in beta phase, the service runs on devices with the Android operating system, Jellybean, but will eventually become available, as well, on other operating systems.

Fixed line service revenues for the first six months of 2013, net of interconnection costs, increased to P26.5 billion, or 3%, from P25.8 billion in 2012. PLDT enterprise data and DSL revenues continued to grow on the back of a 7% increase in DSL revenues and a 10% increase in third party corporate data revenues. Combined ILD, LEC and NLD businesses of PLDT registered a decline of 3% from last year.

“2013 is proving to be an exciting year for the Fixed Line business, especially with the launch of our first true triple play service, Cignal over Fibr which we launched recently. PLDT is the access provider of landline and high-speed broadband, while Cignal provides the TV and content portion. This only goes to show that while our legacy businesses continue to be challenged, we are compensating by building other revenue sources by capitalizing on our network and content strengths,” declared Napoleon L. Nazareno, President and CEO of PLDT and Smart.

Conclusion

“It is encouraging that we are beginning to show signs of growth. We continue to pursue growth in data, while maintaining the equilibrium of our core businesses and managing the long-tail of our legacy services. But more than anything, I am excited to see the beginnings of the synergy between our traditional and new businesses. Smart Music, Cignal over Fibr, Cignal TV-to-Go are services made possible by our investments in new network platforms, content creation and aggregation, and media and have the potential to be game-changers. I believe we’re beginning to see the combined impact of multi-media and the internet on our mainstream telco business,” concluded Manuel V. Pangilinan, PLDT Chairman.

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(in million pesos)

                         
    As at June   As at December 31,   As at January 1,
    30, 2013   2012   2012
 
  (Unaudited)   (As Adjusted*)
             
ASSETS
 
Noncurrent Assets
                       
Property, plant and equipment
    189,164       200,078       200,142  
Investments in associates and joint ventures and deposit
    32,893       27,077       17,865  
Available-for-sale financial investments
    5,693       5,651       7,181  
Investment in debt securities and other long-term investments – net of current portion
    673       205       150  
Investment properties
    712       712       1,115  
Goodwill and intangible assets
    74,356       74,250       83,303  
Deferred income tax assets – net
    7,672       7,225       5,117  
Derivative financial assets
    38              
Prepayments – net of current portion
    5,733       4,500       11,697  
Advances and other noncurrent assets – net of current portion
    1,819       1,376       1,340  
 
                       
Total Noncurrent Assets
    318,753       321,074       327,910  
 
                       
Current Assets
                       
Cash and cash equivalents
    40,133       37,161       46,057  
Short-term investments
    3,385       574       558  
Trade and other receivables
    17,234       16,379       16,245  
Inventories and supplies
    2,801       3,467       3,827  
Current portion of investment in debt securities and other long-term investments
    91       150       358  
Current portion of prepayments
    4,868       5,144       6,345  
Current portion of advances and other noncurrent assets
    7,991       8,116       492  
 
                       
 
    76,503       70,991       73,882  
Assets classified as held-for-sale
    355       13,750        
 
                       
Total Current Assets
    76,858       84,741       73,882  
 
                       
TOTAL ASSETS
    395,611       405,815       401,792  
 
                       
EQUITY AND LIABILITIES
 
Equity
                       
Non-voting serial preferred stock
    360       360       4,419  
Voting preferred stock
    150       150        
Common stock
    1,093       1,093       1,085  
Treasury stock
    (6,505 )     (6,505 )     (6,505 )
Capital in excess of par value
    130,564       130,566       127,246  
Retained earnings
    20,894       25,416       26,160  
Other comprehensive income
    (2,956 )     (3,387 )     1,456  
Reserves of a disposal group classified as held-for-sale
          (2,143 )      
 
                       
Total Equity Attributable to Equity Holders of PLDT
    143,600       145,550       153,861  
Noncontrolling interests
    186       184       386  
 
                       
TOTAL EQUITY
    143,786       145,734       154,247  
 
                       

*   The December 31, 2012 comparative information was adjusted to reflect the adjustments on the adoption of the Revised PAS 19 – Employee Benefits.

5

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued)
(in million pesos)

                         
    As at June   As at December 31,   As at January 1,
    30, 2013   2012   2012
 
  (Unaudited)   (As Adjusted*)
             
Noncurrent Liabilities
                       
Interest-bearing financial liabilities – net of current portion
    87,271       102,821       91,280  
Deferred income tax liabilities – net
    4,542       5,713       7,078  
Derivative financial liabilities
    2,114       2,802       2,235  
Customers’ deposits
    2,550       2,529       2,272  
Pension and other employee benefits
    2,797       1,982       551  
Deferred credits and other noncurrent liabilities
    19,201       21,950       22,642  
 
                       
Total Noncurrent Liabilities
    118,475       137,797       126,058  
 
                       
Current Liabilities
                       
Accounts payable
    25,801       30,451       29,554  
Accrued expenses and other current liabilities
    71,124       71,624       58,271  
Current portion of interest-bearing financial liabilities
    30,639       12,989       26,009  
Provision for claims and assessments
    1,555       1,555       1,555  
Dividends payable
    899       827       2,583  
Derivative financial liabilities
    554       418       924  
Income tax payable
    2,778       1,809       2,591  
 
                       
 
    133,350       119,673       121,487  
Liabilities directly associated with assets classified as held-for-sale
          2,611        
 
                       
Total Current Liabilities
    133,350       122,284       121,487  
 
                       
TOTAL LIABILITIES
    251,825       260,081       247,545  
 
                       
TOTAL EQUITY AND LIABILITIES
    395,611       405,815       401,792  
 
                       

*   The December 31, 2012 comparative information was adjusted to reflect the adjustments on the adoption of the Revised PAS 19 – Employee Benefits.

6

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES

CONSOLIDATED INCOME STATEMENTS
For the Six Months Ended June 30, 2013 and 2012
(in million pesos, except earnings per common share amounts)

                                 
    Six Months Ended June 30,   Three Months Ended June 30,
    2013   2012   2013   2012
 
  (Unaudited)   (As Adjusted*)   (Unaudited)   (As Adjusted*)
 
                               
REVENUES
                               
Service revenues
    81,135       79,729       41,167       39,699  
Non-service revenues
    1,964       1,507       972       711  
 
                               
 
    83,099       81,236       42,139       40,410  
 
                               
EXPENSES
                               
Depreciation and amortization
    14,532       15,289       7,304       7,940  
Compensation and employee benefits
    10,999       11,347       5,175       6,569  
Repairs and maintenance
    6,534       6,407       3,233       3,218  
Cost of sales
    5,538       4,483       3,127       1,875  
Interconnection costs
    5,454       5,559       2,877       2,656  
Selling and promotions
    4,285       4,313       2,363       2,654  
Rent
    2,851       2,718       1,374       1,285  
Professional and other contracted services
    2,832       2,610       1,429       1,169  
Taxes and licenses
    1,716       1,866       817       895  
Asset impairment
    1,391       1,184       789       563  
Communication, training and travel
    1,063       1,025       551       522  
Insurance and security services
    755       707       377       336  
Amortization of intangible assets
    453       712       251       685  
Other expenses
    800       653       496       282  
 
                               
 
    59,203       58,873       30,163       30,649  
 
                               
 
    23,896       22,363       11,976       9,761  
 
                               
OTHER INCOME (EXPENSES)
                               
Equity share in net earnings of associates and joint ventures
    1,100     1,311   952   1,037
Interest income
    485     619   189   265
Gains (losses) on derivative financial instruments – net
    448     (437)   425   (303)
Foreign exchange gains (losses) – net
    (1,922 )   1,606   (2,135 )   366
Financing costs – net
    (3,327 )   (3,364 )   (1,723 )   (1,689 )
Other income
    1,858     3,142   1,123   2,353
 
                               
 
  (1,358 )   2,877   (1,169 )   2,029
 
                               
INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS
    22,538       25,240       10,807       11,790  
PROVISION FOR INCOME TAX
    4,677       6,235       2,008       2,564  
 
                               
NET INCOME FROM CONTINUING OPERATIONS
    17,861       19,005       8,799       9,226  
INCOME FROM DISCONTINUED OPERATIONS
    1,863       246       1,738       65  
 
                               
NET INCOME
    19,724       19,251       10,537       9,291  
 
                               
ATTRIBUTABLE TO:
                               
Equity holders of PLDT
    19,707       19,282       10,529       9,313  
Noncontrolling interests
    17     (31)   8   (22)
 
                               
 
  19,724     19,251       10,537       9,291  
 
                               
Earnings Per Share Attributable to Common Equity Holders of PLDT
                               
Basic
    91.09       89.13       48.67       43.05  
Diluted
    91.09       89.13       48.67       43.05  
 
                               
Earnings Per Share for Continuing Operations Attributable to Common Equity Holders of PLDT
                               
Basic
    82.47       88.00       40.63       42.76  
Diluted
    82.47       88.00       40.63       42.76  
 
                               

* The June 30, 2012 comparative information was adjusted to reflect the discontinued operations of the Business Process Outsourcing segment and the adjustments on the adoption of the Revised PAS 19 – Employee Benefits.

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: 816-8213
Fax No: 844-9099
  Melissa V. Vergel de Dios
Tel No: 816-8024
Fax No: 810-7138
  Ramon R. Isberto
Tel No: 511-3101
Fax No: 893-5174

About PLDT

PLDT is the leading telecommunications provider in the Philippines. Through its principal business groups – fixed line and wireless– PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line, and cellular network.

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine listed companies.

Further information can be obtained by visiting the web at www.pldt.com.

EXHIBIT 2

August 7, 2013

Philippine Stock Exchange
3/F Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue
Makati City

Attention: Ms. Janet A. Encarnacion

Head, Disclosure Department

Gentlemen:

In compliance with Section 17.1 (b) and Section 17.3 of the Securities Regulation Code, we submit herewith a copy of SEC Form 17-C with respect to certain discloseable events/information.

This shall also serve as the disclosure letter for the purpose of complying with the PSE Revised Disclosure Rules.

 
Very truly yours,
/s/Ma. Lourdes C. Rausa-Chan—
 
MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

7

EXHIBIT 2

August 7, 2013

Securities & Exchange Commission
SEC Building, EDSA
Mandaluyong City

Attention: Director Justina Callangan

      Corporation Finance Department

Gentlemen:

In accordance with Section 17.1 (b) of the Securities Regulation Code, we submit herewith two (2) copies of SEC Form 17-C with respect to certain discloseable events/information.

 
Very truly yours,
s/Ma. Lourdes C. Rausa-Chan—
 
MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

8

EXHIBIT 2

COVER SHEET

                 
P   W   -   5   5
S.E.C. Registration No.
       
                                                                                     
P
  H   I   L   I   P   P   I   N   E   L   O   N   G   D   I   S   T   A   N   C   E
 
                                                                                   
                                                             
T
  E   L   E   P   H   O   N   E   C   O   M   P   A   N   Y
 
                                                           

(Company’s Full Name)

                                                                             
R
  A   M   O   N   C   O   J   U   A   N   G   C   O   B   L   D   G     .  
 
                                                                           
                                                                                 
M
  A   K   A   T   I   A   V   E     .     M   A   K   A   T   I   C   I   T   Y
 
                                                                               

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

     
ATTY. MA. LOURDES C. RAUSA-CHAN   816-8553
Contact Person
  Company Telephone Number
                                                                 
1     2       3       1     SEC FORM 17-Q     0       6     Every 2nd
                                                        Tuesday    
-     -       -       -           -       -              
Month
                  Day           FORM TYPE   Month                   Day
    Fiscal Year               Annual Meeting        
                 
C   F   D   N/A
-   -   -        
Dept. Requiring this Doc.       Amended Articles
               
Number/Section
                         
        Total Amount of Borrowings        
12,075       N/A        
As of June 30, 2013                
 
      N/A  
 
 
 
                 
Total No. of Stockholders
  Domestic Foreign            

— —

To be accomplished by SEC Personnel concerned

         
    ______________________________
File Number
      LCU
         
    ______________________________
Document I.D.
      Cashier
 
STAMPS

Remarks: Please use black ink for scanning purposes.

EXHIBIT 2

SECURITIES AND EXCHANGE COMMISSION

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.1

  1.   August 7, 2013

Date of Report (Date of earliest event reported)

  2.   SEC Identification Number PW-55

  3.   BIR Tax Identification No. 000-488-793

  4.   PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

Exact name of issuer as specified in its charter

             
  5.    
PHILIPPINES6.       (SEC Use Only)
 
        Province, country or other jurisdictionIndustry Classification Code
       
of Incorporation
 
  7.    
Ramon Cojuangco Building, Makati Avenue, Makati City
Address of principal office
  1200
Postal Code

8. (632) 816-8405

Issuer’s telephone number, including area code

9. Not Applicable

Former name or former address, if changed since last report

  10.   Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

     
Title of Each Class  
Number of Shares of Common Stock
Outstanding and Amount of Debt Outstanding

     
     
     

9

EXHIBIT 2

11.   Item 9 (Other Events)

We disclose that at the meeting of the Board of Directors of Philippine Long Distance Telephone Company (respectively, the “Board” and the “Company”) held on August 7, 2013:

1.   The Board declared the following cash dividends out of the unaudited unrestricted retained earnings of the Company as at June 30, 2013, which are sufficient to cover the total amount of dividends declared:

  a.   Regular dividend of ?63.00 per outstanding share of the Company’s Common Stock, payable on September 27, 2013 to the holders of record on August 30, 2013; and

  b.   ?12,420,000.00 on all of the outstanding shares of the Company’s Series IV Cumulative Non-Convertible Redeemable Preferred Stock, for the quarter ending September 15, 2013, payable on September 15, 2013 to the holder of record on August 23, 2013.

2.   The Board approved the appointment of the following persons to the positions indicated opposite their respective names:

         
Name  
Position
  Effectivity Date
   
 
   
1. Martin T. Rio  
First Vice President – Property
and Facilities Management
  October 22, 2012

   
 
   
2. Walter M. Gaffud  
Vice President – HOME Sales and
Distribution
  May 1, 2013

   
 
   
3. Joseph Ian G.
Gendrano
 
Vice President – Corporate
Relationship Management A
  May 1, 2013

   
 
   
4. John John R. Gonzales  
Vice President – Corporate
Relationship Management F
  June 1, 2013

   
 
   

Pursuant to the requirements of the Securities Regulation Code, PLDT has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
By:
s/Ma. Lourdes C. Rausa-Chan—
 
MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

August 7, 2013

10

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
PHILIPPINE LONG DISTANCE
TELEPHONE COMPANY
By : /s/Ma. Lourdes C. Rausa-Chan—
 
Name : Ma. Lourdes C. Rausa-Chan
Title : Senior Vice President, Corporate
Affairs and Legal Services Head
and Corporate Secretary

Date: August 7, 2013

11