PLDT Inc

FORWARD-LOOKING STATEMENTS AND RISK FACTOR SUMMARY

Some information in this report may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. We have based these forward-looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements are generally identified by forward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words.

A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We have chosen these assumptions or bases in good faith. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in Item 3. “Key Information – Risk Factors.” When considering forward-looking statements, you should keep in mind the description of risks and other cautionary statements in this report.

You should also keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as at the date on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the statements in this report after the date hereof. In light of these risks and uncertainties, you should keep in mind that actual results may differ materially from any forward-looking statement made in this report or elsewhere.

Forward‑looking statements involve inherent risks and uncertainties. The forward‑looking statements included in this report reflect our current views with respect to future events and are not a guarantee of future performance. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward‑looking statement. These factors include, but are not limited to, the following:

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increased competition and potential changes in the competitive and regulatory landscape of the telecommunications industry in the Philippines;

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our ability to keep pace with disruptive innovations and new and emerging technologies;

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our ability to maintain and enhance our brands;

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our reliance on outsourcing and strategic sourcing arrangements, technology vendor contracts and other partnerships and/or joint ventures;

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growth of the mobile telecommunications industry in the Philippines;

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our ability to maintain our licenses, franchises and regulatory approvals;

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applicable laws and regulations;

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changes in regulations or user concerns regarding the privacy and protection of user data;

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limitations in the amount of frequency spectrum or facilities made available to us;

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the success of our acquisitions of, and investments in, other companies and businesses, and our ability to fully implement our business strategy;

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fluctuations in the market values of our investments;

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our ability to install and maintain telecommunications facilities and equipment in a timely manner;

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any cyber-attacks on our network infrastructure and computer systems;

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climate change;

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our ability to finance our business;

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foreign exchange rate fluctuations;

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our indebtedness and limitations imposed by our debt covenants;

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loss of key personnel or failure to attract and retain highly qualified personnel;

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pending or future litigation, internal or external investigations and/or disputes;

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fraud relating to device financing, credit cards, dealers or subscriptions; and

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damage to our infrastructure;

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international geopolitical conflicts; and

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other factors described under “Risk Factors.”