(3 October 2012. Pasay City, Philippines) SM Investments Corporation (SM) announced today that its Board of Directors approved the issuance of seven- and ten-year US Dollar Bonds. SM appointed Citi, JP Morgan and Deutsche, as joint underwriters. The offering is a debt management exercise which aims to further lengthen the company’s debt profile and take advantage of the much improved interest rate environment. 

The Board of Directors also authorized the management to negotiate and finalize the amount, terms and pricing of the Bond issue subject to the prevailing market conditions. 

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For further information, please contact: 

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations 
SM Investments Corporation 
E-mail: cora.guidote@sminvestments.com 
Tel. No. 857-0117

Date: Wednesday, October 3, 2012