President's letter for ADR holders (Posted: May 12, 2020)

PLDT Inc.

MAKATI AVENUE

P.O. BOX 2148

MAKATI CITY, PHILIPPINES

May 12, 2020

To the Holders of American Depositary Shares of PLDT Inc.

Our Annual Meeting of Stockholders ("Annual Meeting") will be held virtually on June 9, 2020. The Notice of, and Information Statement describing the matters to be acted upon at, the Annual Meeting and 2019 Annual Report can be viewed and downloaded at http://www.pldt.com/investor-

relations/shareholder-information/latest-shareholders'-news. Likewise, the Company's SEC Form 17-Qwith Management's Discussion and Analysis and unaudited consolidated financial statements for the three months ended March 31, 2020 ("SEC Form 17-Q")can be viewed and downloaded at the same website link.

For the past annual meetings, most of our stockholders have shown a strong interest in the affairs of the Company and have expressed their interest by having their shares voted by proxy. Even though your ownership may be small, we would appreciate receiving your proxy. In this connection, a proxy form for voting your shares at said meeting is also enclosed. Please sign and return the proxy form promptly so that your vote may be recorded and counted at the Annual Meeting.

Due to the significant time difference between North America and the Philippines, in order to be counted at the Annual Meeting, proxies must be received prior to 12:00 P.M., New York City time, on May 28, 2020 by JP Morgan Chase Bank N.A., the Company's ADR Depositary, at P.O. Box 64506, Saint Paul, MN 55164-0506.

Very truly yours,

PLDT Inc.

MANUEL V. PANGILINAN

President and Chief Executive Officer