SM Development Corporation (SMDC)

COMPANY PROFILE

SM Development Corporation (SMDC) is a fast-growing residential property developer focusing on the premium middle market, expertly balancing key housing factors of quality, style, durability, and affordability. Every single day, SM touches the lives of millions of people through its stores, malls, banks, hotel and leisure facilities. Now too, Filipinos can live in style comfort and convenience at SMDC. SMDC commits itself to provide access to luxurious urban living through vertical villages perfectly integrated with a commercial retail environment, giving its resident's access to a truly cosmopolitan lifestyle. SMDC properties are strategically situated in key areas across Metro Manila specifically the Central Business Districts of Makati, Ortigas, Quezon City, Pasay and Paranaque. Vision We envision SM Development Corporation to be a leading developer of world-class residences in the Philippines, uplifting Filipino lifestyles into one that is convenient, upscale yet affordable, and environment friendly.

SMDC Mission Statement SM Development Corporation will realize its vision by: Ensuring that its homebuyers enjoy the best value for their investment with an upscale lifestyle, generous amenities, and a safe, secure, and friendly neighborhood; Providing an excellent after-sales and maintenance service that will preserve and enhance the long-term value of its residences;

Delivering sustainable long-term growth and increasing shareholder value by exercising prudence in resource management based on the principles of good corporate governance; Becoming an employer of choice, offering comprehensive opportunities for career growth and enhancement; and, Assisting and nurturing the communities in which it operates by progressively building on its role as a responsible corporate citizen;

SMDC Core Values Vision. Leadership. Focus. Hard Work. Integrity. Innovation. Prudence. Nurturing. Aggressive. Financially Conservative.

Contact Information One E-com Center, 10th Floor Harbor Drive Mall of Asia Complex, CBP-IA Pasay City 1300, Philippines email: info@smdevelopment.com www.smdevelopment.com

Board of Directors

HENRY SY, SR., Chairman (non-executive) Mr. Sy is the founder of the SM Group of Companies and the Chairman of SM Investments Corporation, SM Prime Holdings, Inc., SM Land, Inc. (formerly Shoemart, Inc.) and Highlands Prime, Inc. He founded and opened the first Shoemart Inc. in 1958, which department store has evolved into a dynamic group of companies with five lines of businessesretail, shopping malls, banking, property and hotels and conventions. Mr. Sy likewise serves as Chairman of Highlands Prime, Inc., Chairman Emeritus of BDO Unibank, Inc. and Honorary Chairman of China Banking Corporation.

HENRY T. SY, JR., Vice Chairman and Chief Executive Officer Mr. Sy, Jr. graduated with a Management degree from De La Salle University. He is responsible for the real estate acquisitions and development activities of SM Land, Inc. and SM Development Corporation which include the identification, evaluation and negotiation for potential sites as well as the input of design ideas. He likewise serves as Vice Chairman of SM Investments Corporation, Vice Chairman and President of SM Land, Inc. and Highlands Prime, Inc., Director of SM Prime Holdings, Inc., BDO Unibank, Inc. and SM Residences Corporation. He is also the President of the National Grid Corporation and Chairman of Pico De Loro Beach and Country Club, Inc.

ELIZABETH T. SY, Director Ms. Sy primarily oversees the SM Groups increasing involvement in the tourism and hospitality industry sector. Ms. Sy is also the President of SM Hotels and Conventions Corporation; Director of SM Land, Inc. and BDO Private Bank; and Adviser to the Board of SM Investments Corporation. She likewise serves as Senior Vice President of SM Prime Holdings, Inc., Vice President of SM Commercial Properties, Inc. and Co-Chairman of Pico De Loro Beach and Country Club.

ROSALINE Y. QUA, President & COO Ms. Qua is a Bachelor of Science graduate and a consistent deans lister at the College of the Holy Spirit. She started her career in banking and eventually transferred to real estate that saw her working for some of the industrys major players in a career that spans more than 20 years. Her past positions include Senior Vice President of St. Francis Square (formerly ASB) Group of Companies and First Vice President for Business Development for High Rise Projects of Filinvest Alabang, Inc.

ATTY. ANDRES G. GATMAITAN, Director Atty. Gatmaitan is connected with Sycip Salazar Hernandez & Gatmaitan Law Firm as Senior Counsel. He serves as Director of Benguet Corporation, Colgate Palmolive Phils., Inc., Triumph International (Phils.), Inc., Maybank Philippines, Inc., Star Performance Phils., Inc., AMI Philippines, Inc., Holcim Cement Corporation, Unicharm Philippines, Inc. Atty. Gatmaitan is also the Chairman of the Board of Convergys Philippines Services Corp. and President of United Holdings & Development Corp. and St. Agen Holdings, Inc.

OCTAVIO V. ESPIRITU, Independent Director A three-term former President of the Bankers Association of the Philippines(BAP) and former President and Chief Executive Officer of Far East Bank and Trust Company, Chairman and President of MAROV Holdings Inc., Chairman for Delphi Group, Inc. He is also the Independent Director of Bank of the Philippine Islands, Pilipinas Savings Bank, Inc., Digital Telecommunications Philippines Inc., Intl Container Terminal Services, Inc., Netvoice, Inc. and Pueblo de Oro Golf and Country Club.

ATTY. RICARDO J. ROMULO, Independent Director Atty. Romulo is a Senior Partner of Romulo Mabanta Buenaventura Sayoc & De Los Angeles Law Firm. Currently, Atty. Romulo is Chairman and Director of Cebu Air, Inc., Digital Telecommunications, Inc., Federal Phoenix Assurance Co., Inc., Interphil Laboratories, Inc. and Manchester International Holdings Unlimited Corp. He also serves as Director of Beneficial- PNB Life Assurance Co., Inc., Goulds Pumps (Phils.), Inc., Honda Philippines, Inc., Johnson & Johnson (Phils.), Inc., Kraft Foods (Phils.), Inc., Maersk-Filipinas, Inc., Phil. American Life & General Insurance Co., Planters Development Bank and Zuellig Pharma Corporation.

JOSE T. SIO, Adviser to the Board of Directors Mr. Sio is the Executive Vice President and CFO of SM Investments Corporation. He is a Director of China Banking Corporation, Generali Pilipinas Holding Company, Inc., Belle Corporation, and SM Keppel Land, Inc. as well as other companies within the SM Group. Mr. Sio is also adviser to the Board of Directors of Banco De Oro Unibank, Inc. Mr. Sio holds a masters degree in Business Administration from New York University, is a certified public accountant and was formerly a senior partner at Sycip, Gorres, Velayo & Co. (a member practice of Ernst & Young).