General Announcement::Corporate Disclosures

C04637-2021

SECURITIES AND EXCHANGE COMMISSION

SEC 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)
   Jul 5, 2021
2. SEC Identification Number
   31171
3. BIR Tax Identification No.
   000-168-801
4. Exact name of issuer as specified in its charter
   PETRON CORPORATION
5. Province, country or other jurisdiction of incorporation
   Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
   San Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong City
   Postal Code
   1550
8. Issuer's telephone number, including area code
   (63 2) 8884-9200
9. Former name or former address, if changed since last report
   N/A
10. 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 (PCOR)	9,375,104,497
PREFERRED SERIES 2B (PRF2B)	2,877,680
PREFERRED SERIES 3A (PRF3A)	13,403,000
PREFERRED SERIES 3B (PRF3B)	6,597,000
PCOR SERIES A BONDS DUE 2021 (IN MIL	13,000
PESO)
PCOR SERIES B BONDS DUE 2023 (IN MIL	7,000
PESO)

PCOR SERIES C BONDS DUE 2024 (IN MIL PESO)

PCOR SERIES D BONDS DUE 2025 (IN MIL PESO)

TOTAL DEBT AS OF MARCH 31 2021 (IN

MIL PESO-CONSO)

11. Indicate the item numbers reported herein

Item 9

13,200

6,800

194,813

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.

Petron Corporation

PCOR

PSE Disclosure Form 4-30 - Material Information/Transactions

References: SRC Rule 17 (SEC Form 17-C) and

Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Approval of the filing of a Registration Statement with the Securities and Exchange Commission ("SEC") for the shelf registration of up to P50 billion worth of peso fixed rate bonds of the Company (the "Bonds") to be offered to the public in one or more tranches during the period of shelf registration and the initial offer and issuance of up to P18 billion worth of the Bonds.

Background/Description of the Disclosure

Approval of the filing of a Registration Statement with the Securities and Exchange Commission ("SEC") for the shelf registration of up to P50 billion worth of peso fixed rate bonds of the Company (the "Bonds") to be offered to the public in one or more tranches during the period of shelf registration and the initial offer and issuance of up to P18 billion worth of the Bonds.

Other Relevant Information

Please see attached letter dated July 5, 2021.

Filed on behalf by:

Name	Jhoanna Jasmine Javier-Elacio
Designation	Legal Manager and Assistant Corporate Secretary

July 5, 2021

THE PHILIPPINE STOCK EXCHANGE, INC.

Disclosure Department

6th Floor, PSE Tower

5th Avenue corner 28th Street Bonifacio Global City, Taguig City

Attention: Ms. Janet A. Encarnacion

Head, Disclosure Department

PHILIPPINE DEALING & EXCHANGE CORP.

29th Floor, BDO Equitable Tower

8751 Paseo de Roxas Makati City 1226

Attention: Atty. Marie Rose M. Magallen-Lirio

Head - Issuer Compliance and Disclosure Department

Gentlemen:

The Executive Committee of the Board of Directors of the Company, during its meeting held today, approved the filing of a Registration Statement with the Securities and Exchange Commission ("SEC") for the shelf registration of up to P50 billion worth of Peso fixed rate bonds of the Company (the "Bonds") to be offered to the public in one or more tranches during the period of shelf registration (the "Shelf Registration"), with the following details, among others:

1. initial offering and issuance of up to P18 billion worth of the Bonds under the Shelf Registration;
2. appointment of BDO Capital & Investment Corporation as Sole Issue Manager and the group of BDO Capital & Investment Corporation, China Bank Capital Corporation, Philippine Commercial Capital, Inc., PNB Capital and Investment Corporation, and SB Capital Investment Corporation as joint lead bookrunners and joint lead underwriters, including other banks that may be invited subsequently to join the group, for the first tranche of the Bonds;
3. filing of the appropriate Registration Statement, prospectus, and offer supplement with the SEC;
4. execution of the relevant agreements;
5. filing of a listing application with the Philippine Dealing & Exchange Corp.; and
6. other terms and conditions to be determined by Management.

Very truly yours,

JOEL ANGELO C. CRUZ

VP - General Counsel &

Corporate Secretary