Case

SM CORPORATE DIRECTION

For the past 40 years, SM has been committed to providing quality products and services at reasonable prices and to meeting the ever-changing needs of the customers in a responsive manner.

It is our corporate objective to:

• maintain leadership in the marketplace

• maintain our recognition as an authority in the retail field

• be the forefront of retail technology

• grow through aggressive consumer marketing and sound diversification and acquisition

As a responsible member of the business community, SM will strive to play a meaningful part in the lives of our customers, our communities and our employees.

We commit ourselves and pledge our resources to the continued quest for excellence in an increasingly competitive and ever- changing environment.

SM HISTORY

The growth of SM:

1958 : Rizal Avenue, as the first branch 1979 : Iloilo, Delgado

1960 : Carriedo 1980 : Cubao

1962 : Makati 1984 : Harrison

1964 : Tabora, Divisoria 1985 : North Edsa, first mall-based branch

1965 : Cebu, as the first provincial branch

1967 : Cubao

1972 : Quiapo, first soft- goods branch

1975 : Makati , first full- line branch

SM Franchise Branches

1990 : Sta. Mesa

1991 : Ortigas

1993 : Cebu

1995 : Las Piñas

1997 : Bacoor and Fairview

1999 : Iloilo, Mandurriao

2000 : Manila and Pampanga

SM GROUP OF COMPANIES

A. Realty Management

1. BDO

2. BDO Insurance

3. SM Insurance Broker Service, Inc.

4. SM Prime Holdings, Inc.

B. Financial Management

1. Multi-Realty Development Corporation

2. Inetr-Cont’l. Dev’t. Corp.

3. SM Dev’t. Corp.

C. Principal Operations

1. SM Inc. Department Store

2. Franchise Companies

D. Shopping Center

1. Shopping Center Management Corporation ( SCMC )

2. Leisure Center, Inc. ( LCI )

3. Family Entertainment Center, Inc. ( FECI )

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