Clarification of News Reports

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Nov 8, 20212. SEC Identification Number C1998001343. BIR Tax Identification No. 200-652-460-0004. Exact name of issuer as specified in its charter ABOITIZ POWER CORPORATION5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 32nd Street, Bonifacio Global City, Taguig City, Metro Manila, PhilippinesPostal Code16348. Issuer's telephone number, including area code [phone]9. Former name or former address, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock P1 Par Value	7,358,604,307
Amount of Debt Outstanding (As of June 30, 2021)	226,853,429,000.00

11. Indicate the item numbers reported herein 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Aboitiz Power CorporationAP PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification to the November 7, 2021 philSTAR News Article

Source	AboitizPower to tap debt market
Subject of News Report	philSTAR
Date of Publication	Nov 7, 2021

Clarification of News Report

Gentlemen: This refers to your letter requesting us to confirm the veracity of the information contained in the philSTAR news article dated November 7, 2021 entitled "AboitizPower to tap debt market", the relevant portion of which is quoted hereunder: 'We're not just looking at green bonds. We're also looking at sustainability bond which is a similar concept. Depending on which assets were looking at, we're trying to see which one works,' he said. For dollar-denominated funding, AboitizPower is targeting a green bond issuance, Lozano said. 'This is the most important point. If we do issue green bonds, it's because we're raising money for our RE initiatives. So, we're not doing it for face value. We will do green bonds because we will be using that money to grow our extensive pipeline that (AboitizPower president and CEO Emmanuel) Manny (Rubio) and the team have put together,' he said. AboitizPower aims to double its attributable net sellable capacity to 9,200 megawatts (MW) by 2030. . . . . In the next 10 years, it plans to spend a whopping P190 billion to build 3,700 MW under its Cleanergy portfolio. . . . . AboitizPower is also looking at using the coal phase out framework offered by the Asian Development Bank (ADB) and the International Finance Corp. (IFC), the World Bank's private lending arm. 'We're also looking at the framework that the ADB, IFC are actually offering. (It's still) very early days but we believe we have candidate plants that will comply and a counter to that, as they've disclosed, a discounted, cheaper debt for renewable energy, the buying out of coal and providing cheaper financing to finance the alternative to replace that capacity. That's something we're looking forward to,' Rubio said. . . . ." We confirm that the statements made by Mr. Manuel R. Lozano, Aboitiz Equity Ventures Inc.'s (AEV) CFO, is aligned with the plans to fund and implement AboitizPower's goal to double its attributable net sellable capacity to 9,200 MW by 2030. However, as Mr. Rubio, AboitizPower's President and CEO, stated in the same article, these plans are still at the very early stages of planning and development, and still pending the necessary internal evaluation and approvals. The Company is still evaluating which among the funding streams will be suitable for the Company's long-term plans and risk appetite. We will make the required disclosures to the public as and when there are material concrete developments to the Company's projects. Very truly yours, ABOITIZ POWER CORPORATION By: (SGD.) MAILENE M. DE LA TORRE Assistant Corporate Secretary Cc: PHILIPPINE DEALING & EXCHANGE CORP. Market Regulatory Services Group 29th Floor BDO Equitable Tower 8751 Paseo de Roxas, Makati City 1226 ATTENTION: ATTY. MARIE ROSE M. MAGALLEN-LIRIO Head - Issuer Compliance and Disclosures Department

Other Relevant Information

Please see attached.

Filed on behalf by:

Name	Mailene de la Torre
Designation	Asst. Corporate Secretary