January 12, 2016 SECURITIES AND EXCHANGE COMMISSION MANILA WATER SEC Building, EDSA, Greenhills, Mandaluyong City, Philippines SADE AER OROR Attention MR. VICENTE GRACIANO P. FELIZMENIO, JR. Director, Markets and Securities Regulation Department PHILIPPINE STOCK EXCHANGE, INC. Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati /, Philippines Attention: MS. JANET A. ENCARNACION Head, Disclosure Department Subject Memorandum of Agreement between MWPV and the ALI Group Gentlemen Please be informed that today, Manila Water Philippine Ventures, Inc. ("MWPV"), a wholly-owned subsidiary of Manila Water Company, Inc., signed a Memorandum of Agreement ("MOA") with Ayala Land, Inc. and the latter's subsidiaries and affiliates, namely, Alveo Land Corp., Avida Land Corp., Amaia Land Corp., Bellavita Land Corp., Portico Land Corp., Cebu Holdings, inc., Cebu Property Ventures and Development Corporation, Asian |-Office Properties, Inc., Solinea, Inc., Avencosouth Corp., Accendo Commercial Corp., Cagayan De Oro Gateway Corp, Nuevocentro, Inc., Aurora Properties, Inc., Ceci Realty, Inc., Vesta Property Holdings, Inc., Crans Montana Property Holdings Corporation Summerhill Commercial Ventures Corp., Amaia Southern Properties, Inc., Long Land Realty Corp., Buklod Bahayan Realty and Development Corp., SouthPortal Properties, Inc., Ten Knots Philippines, Inc. and AyalaLand Hotels and Resorts Corp. (the “AL! Group”). The objective of the MOA is to leverage on the respective expertise of the Parties, in order to provide optimum services and facilities for their customers and clients. Previously, the ALI Group provides in- house water and used water services and facilities in their property development projects. Under the MOA, MWPV will provide the water and used water services and facilities to all the property development projects of the ALI Group nationwide, Very truly: L PARAQUEDAN MANILA WATER COMPANY, INC. eee MWSS Administration Building, Assistant Corporate Secretary 489 Ketipunan Road, 105 Bal Quezon City, Philippines 1:(632) 817 6800 We vrww.manlawater.com Customer Service Hottine 1627