"SOLAR Philippines has bagged most of the renewable energy (RE) contracts to develop 2,000-megawatt (MW) capacities under the country's first Green Energy Auction Program (GEAP). Data from the Department of Energy (DOE) website showed that Solar Philippines won 70% of all RE capacity in the DOE auction, or 1380MW out of 1996MW across all technologies, and 91% of all the solar capacity, or 1350MW out of 1490MW. These are the 200MW Concepcion Tarlac 2 of Solar Philippines Commercial Rooftop Projects Inc. (SPCRPI), 280MW Santa Rosa Nueva Ecija 2 of Solar Philippines Nueva Ecija Corp., 450MW Tayabas solar power of SPCRPI, 30MW Calatagan wind power of Solar Philippines Calatagan Corp., 300MW Kananga-Ormoc solar power of Solar Philippines Visayas Corp., and 120MW General Santos solar power of SPCRPI.

confirm that the above-mentioned Santa Rosa Nueva Ecija 2 Solar Power Project refers to the planned 500 MWdc solar project of SPNEC; and that the above-mentioned Concepcion Tarlac 2, Tayabas, Calatagan wind, Kananga-Ormoc, and General Santos projects are all under entities listed in SPNEC's Comprehensive Corporate Disclosure dated February 28 2022, and would be owned by SPNEC after its asset-for-share swap with its parent company.