SM Announces Top-Up Placement of Shares

SM Investments Corporation (SM) announced that its Board of Directors approved the placement of primary common shares worth USD 150.0 million to institutional investors via an overnight top-up placement. The transaction was upsized due to strong investor demand.

SM has appointed UBS AG, Hong Kong Branch as the underwriter and placing agent. The proceeds of the placement will be used to refinance some of the company’s existing obligations and for general corporate purposes. The placement will also further enhance the free float and liquidity of SM shares.


This announcement is not an offer for the sale of securities in the United States. The securities referred to herein (the “Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SM does not intend to register any part of the placement in the United States or to conduct a public offering of the Securities in the United States.

For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
Tel. No. 857-0117

Date: Friday, August 2, 2013