GMA statement regarding Phil Star article on reported merger of GMA and TV5

"GMA Network is not in a position to comment on the article that came
out in The Philippine Star today, June 4, 2012, regarding the reported
merger of GMA Network and TV5 since we are not the source of the
information.

The said article attributed the information to Mr. Manny
Pangilinan (MVP). To our knowledge, MVP has clarified that he was
misquoted. We therefore suggest that anyone who wishes to verify may do
so with MVP."

Butch S. Raquel

Consultant, Corporate Communications

GMA Network Inc.