Ayala Land, Inc.

31/F, Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Tel. 908-3000/ 908-3675 fax no. 750- 6760

Ayala Land, Inc. (ALI) was organized in 1988 when Ayala Corporation decided to spin off its real estate division into an independent subsidiary to enhance management focus on its real estate business. ALI went public in July 1991 when its class "B" common shares were listed both in the Manila and Makati Stock Exchanges. On September 12, 1997, the Securities and Exchange Commission approved the declassification of ALI's common class "A" and common class "B" shares into common shares.

Board of Directors Fernando Zobel de Ayala - Chairman Jaime Augusto Zobel de Ayala Antonino T. Aquino Delfin L. Lazaro Mercedita S. Nolledo Francis G. Estrada - Independent Director Jaime C. Laya - Independent Director Aurelio R. Montinola III

Oscar S. Reyes - Independent Director ALI has organized its operations into several core businesses and support businesses. Its core businesses are composed of strategic landbank management, residential development, shopping centers, office business, and hotels and resorts. On the other end, ALI's support businesses consist of construction and property management. The Company has more than 50 subsidiaries across these businesses, the notable ones include: Alveo Land Corporation; Avida Land Corporation; Amaia Land Co; Laguna Technopark, Inc; and Ayala Property Management Corporation. In 2011, the Company established BellaVita Land Corp. as it forayed into social enterprise community development targeting minimum wage earners and members of the informal business sector. Its first project in General Trias, Cavite was launched in December of the same year.

Belle Corporation
5th Floor, Tower A, Two E-Com Center, Palm Coast Avenue, Mall of Asia Complex, Pasay City Tel. (+632) 662-8888 Fax no. (+632) 662-8896

Belle Corporation (BEL) was originally incorporated in 1973 as Belle Mining and Oil Exploration, Incorporated (Belle Resources). In 1989, Belle Resources developed a golf club named Tagaytay Highlands International Golf Club, Inc., which became its initial foray into the property development sector. Thereafter, Belle Resources changed its name to Belle Corporation in 1994 to underscore the shift in its principal activity.

Board of Directors Rogelio R. Cabunag Gregorio U. Kilayko - Independent Director Willy N. Ocier Jose T. Sio Elizabeth Anne C. Uychaco Benito Tan Guat Jacinto C. Ng, Jr. Emilio De Quiros, Jr. Washington Z. SyCip - Independent Director Cesar E.A. Virata - Independent Director

In early 2001, BEL decided to spin-off some of its property development assets. The spinVirginia A. Yap off involved the transfer of approximately 534 hectares of undeveloped land, 70 developed subdivision lots and 25 finished residential units into a newly formed subsidiary, Highlands Prime, Inc. (HPI). BEL sold approximately 64% of its interest in HPI to investors during HPIs initial public offering on April 23, 2002. BEL's property development projects are located in Tagaytay City and Batangas, which includes, among others, Alta Mira, Fairfield, Lakeside Fairways, Lakeview Heights, Pinecrest Village, Plantation Hills, Tagaytay Highlands Golf Club, and Tagaytay Midlands Golf Club. The Company's affiliates consist of Belle Bay City Corporation, Metro Manila Turf Club, Inc., and Pacific Online Systems Corporation.

On April 14, 2011, BEL acquired PremiumLeisure & Amusement, Inc. (PLAI) through the issuance of 2.7 billion new common shares of BEL. PLAI is a grantee by the Philippine Amusement and Gaming Corporation of a license to operate integrated resorts, including casinos, in the vicinity of the Bagong Nayong Pilipino Manila Bay Entertainment City and the Newport City Integrated Resort.

DMCI Holdings, Inc.

3rd Floor Dacon Bldg. 2281 Don Chino Roces Avenue, Makati City Tel. (632) 816-3000 Fax no. (632) 816-7362

DMCI Holdings, Inc. (DMC) was incorporated on March 8, 1995 as a holding company to consolidate all construction business, construction component companies, and related interests of the Consunji Family. It was listed on the Philippine Stock Exchange on December 18, 1995.

Board of Directors David M. Consunji Cesar A. Buenaventura Isidro A. Consunji Herbert M. Consunji Jorge A. Consunji

Victor A. Consunji DMC expanded its business organization to include four major subsidiaries, Ma. Edwina C. Laperal namely, D.M. Consunji, Inc.; DMCI Antonio Jose U. Periquet - Independent Director Project Developers, Inc.; Atlantic Gulf Honorio O. Reyes-Lao - Independent Director and Pacific Company of Manila, Inc.; and Semirara Mining Corporation. These subsidiaries are engaged in various businesses, which consist of general construction services, investments, real estate sales and development, heavy fabrication, industrial construction and engineering services, and mining exploration and development. Other subsidiaries of the Company include DMCI Power Corporation (power generation), and DMCI Mining Corporation (ore and mineral mining and exploration), both wholly owned by DMC. The Company also established DMCI-MPIC Water Company, Inc., a consortium with Metro Pacific Investments Corporation which owns the Maynilad Water Services, Inc.

EEI Corporation
No. 12 Manggahan Street, Bagumbayan, Quezon City Tel. 635-0843 to 65 Fax no. 635-0861

EEI Corporation (EEI) was incorporated on April 17, 1931 as a machinery and mills supply house for the mining industry. The Company eventually expanded into

Board of Directors Alfonso T. Yuchengco Helen Y. Dee Roberto Jose L. Castillo Juan Kevin G. Belmonte Wilfrido E. Sanchez Medel T. Nera Filemon T. Berba, Jr. - Independent Director Roberto F. de Ocampo - Independent Director Francis G. Estrada - Independent Director

provisioning construction services and a broader range of industrial machinery and systems. EEI is a member of the Yuchengco Group of Companies, a conglomerate with interests in banking, financial services and property development.

EEI has been involved in the installation, construction and erection of power generating and transmission facilities, oil refineries, chemical production plants, cement plants, food and beverage manufacturing facilities, semiconductor assembly plants, road, rail and bridge infrastructures, and high rise landmarks. It also operates a steel fabrication plant.

EEI's subsidiaries includes EEI (BVI) Ltd. & Subsidiaries; EEI Construction and Marine, Inc.; EEI Power Corporation; EEI Realty Corporation; Equipment Engineers, Inc.; Gulf Asia International Corporation; Bagumbayan Equipment & Industrial Plant, Inc.; Philrock Construction and Services, Inc.; Philmark, Inc.; EEI Corporation (Guam), Inc.; and EEI Subic Corporation. The Company has also been involved in several joint venture companies through ECW Joint Venture, Inc. and Al Rushaid Construction Company Ltd.

Filinvest Land, Inc.

173 P. Gomez St., San Juan, Metro Manila Tel. 7270431 / 7256328 Fax no. 7270431 loc. 245

Formerly Citation Homes, Inc., Filinvest Land, Inc. (FLI) was incorporated on November 24, 1989 to engage in real estate development. The Company later changed its name to the present one on July 12, 1993, and started commercial operations a month later after Filinvest Development

Board of Directors Andrew L. Gotianun, Sr. - Chairman Jonathan T. Gotianun - Co-Vice Chairman Josephine Gotianun-Yap - Co-Vice Chairman Mercedes T. Gotianun Andrew T. Gotianun, Jr. Joseph M. Yap Cirilo T. Tolosa Lamberto U. Ocampo Efren C. Gutierrez Michael Edward T. Gotianun
office leasing.

Corporation, the parent company, spun off its real estate operations and transferred all related assets and liabilities to FLI in exchange for shares of stock of FLI.

FLI's business segments are divided between the real estate and leasing, The real estate segment is primarily composed of socialized, affordable, middle income, high-end housings, entrepreneurial communities, townships, residential farm estates, private membership club, residential resort

development, medium and high-rise buildings, and condotels. Meanwhile, the Company's leasing segment is composed of retail and

FLI's wholly-owned subsidiaries consist of Property Maximizer Professional Corporation; Property Specialists Resources, Inc.; HomePro Realty Marketing, Inc.; Leisurepro, Inc.; Cyberzone Properties, Inc.; and Filinvest AII Philippines, Inc. FLI also has an equity investment in Filinvest Alabang, Inc.

Holcim Philippines, Inc.

7th Floor Two World Square, McKinley Hill, Fort Bonifacio, Taguig City 1634 Tel. 459-3333 Fax no. 459-3444

Holcim Philippines, Inc. (HLCM) was originally incorporated on November 12, 1964 as Hi-Cement Corporation (HCC). In February 2000, the Securities and Exchange Commission (SEC) approved the merger of HCC, Davao Union Cement Corporation and Bacnotan Cement Corporation, with HCC as the surviving entity. Simultaneously, the SEC approved the change in corporate name to Union Cement Corporation. The Company acquired Alsons Cement Corporation on November 12, 2002 and led to another change in corporate name to

Board of Directors Oscar J. Hilado Chairman Ian S. Thackwray Magdaleno B. Albarracin, Jr. Roland van Wijnen Eduardo A. Sahagun Ramon R. del Rosario, Jr. Jose L. Cuisia, Jr. Tomas I. Alcantara Thomas Aebischer Yasuo Kitamoto - Independent Director Andres G. Gatmaitan - Independent Director Holcim Philippines, Inc.

HLCM is involved in the manufacture, sale and distribution of cement and clinker. The Company and its subsidiaries own four production facilities, one cement grinding mill, three ports, as well as multiple storage and distribution points across the country. HLCM produces four cement products, namely, Holcim Premium Cement, Holcim 4X, Holcim Excel Cement, and Holcim WallRight Cement. HLCM also sells to cement producers a semi-finished product called clinker, which is sold only in bulk. HLCM's subsidiaries are Holcim Philippines Manufacturing Corporation, Trans-Asia Power Generation Corporation, and Holcim Mining and Development Corporation.

Megaworld Corporation
28/F The World Centre, 330 Sen. Gil J. Puyat Ave., Makati City Tel. no. 867-8826 40 Fax no. 867-8019

Megaworld Corporation was founded by Andrew Tan and incorporated on August 24, 1989 under the name of Megaworld Properties & Holdings, Inc. The Company was primarily organized to engage in real estate development, leasing and marketing. In 1994, it spun off Empire East Land Holdings, Inc. which focused on the middle income market. On August 19, 1999, the Company changed its name to Megaworld Corporation to coincide with its conversion from a purely real estate company into a

Board of Directors Andrew L. Tan - Chairman Katherine L. Tan Kingson U. Sian Enrique Santos L. Sy Miguel B. Varela - Independent Director Gerardo C. Garcia - Independent Director Roberto S. Guevara - Independent Director

holding company, although MEG continues to focus on its core competence in real estate development.

The Company is primarily engaged in the development in Metro Manila of large-scale mixed-use planned communities or townships that integrate residential, commercial, educational, leisure and entertainment components. In addition, MEG engages in other property-related activities such as project design, construction and property management. MEG's real estate portfolio includes residential condominium units, subdivision lots and townhouses, as well as office projects and retail space. The Company's property development projects include Eastwood City, Forbes Town Center, McKinley Hill, Newport City, Manhattan Garden City, Cityplace, Bonifacio Uptown, and McKinley West.

MEG's subsidiaries include Megaworld Land, Inc., Prestige Hotels & Resorts, Inc., Mactan Oceanview Properties and Holdings, Inc., Richmonde Hotel Group International Limited, among others. The Company has numerous associates namely the Suntrust Home Developers, Inc., Palm Tree Holdings and Development Corporation, Megaworld-Global Estate, Inc., Alliance Global Properties Ltd., and Travellers International Hotel Group, Inc.

Megawide Construction Corporation

2/F Spring Building, Arnaiz Avenue corner P. Burgos Street, Pasay City, Metro Manila Tel no/s. 376-3425; 655-1111 Fax no. 655-1111

Megawide Construction Corporation (MWIDE) was incorporated in July 28, 2004 to primarily engage in general construction which involves constructing, enlarging, repairing, or engaging in any work upon buildings, houses and condominium, roads, plants, bridges, piers, waterworks, railroads and other structures. MWIDE employs advanced technology building systems, such as Pre-cast Concrete and Formwork Systems in its projects.

Board of Directors Michael C. Cosiquien Edgar B. Saavedra Yerik C. Cosiquien Elizabeth Anne C. Uychaco Florentino A. Tuason, Jr. Leonor M. Briones

In 2007, MWIDE qualified and secured its AAA Contractor's

Leona M. Coronel

License from the Philippine Contractors Accreditation Board. Among the projects under MWIDE's construction prortfolio includes: Citysquare Residences, Antel Spa Residences, SM Sea Residences, Belle Grande Casino, University Tower II, and Berkeley

In May 2011, Megawide broke ground for its 12-hectares State-of-the-Art Precast Concrete Manufacturing Complex in Taytay, Rizal.

Metro Pacific Investments Corporation

10th Floor, MGO Buiding; De La Rosa corner Legazpi Streets, Legazpi Village, Makati City, Philippines Tel no. 888-0888 Fax no. 888-0813

Metro

Pacific

Investments

Corporation (MPI) was incorporated on March 20, 2006 as a holding company for investments in real estate and infrastructure projects. MPI is 59.05%-owned Holdings, by Metro Pacific Inc.

Board of Directors Manuel V. Pangilinan Jose Ma. K. Lim David J. Nicol Lydia B. Echauz - Independent Director Ray C. Espinosa Ramoncito S. Fernandez Edward S. Go - Independent Director Robert C. Nicholson Augusto P. Palisoc, Jr. Chief Justice Artemio V. Panganiban - Independent Dir. Antonio A. Picazo Amado R. Santiago III Edward A. Tortorici Victorico P. Vargas Washington Z. SyCip - Independent Director

MPI holds interests in water and sewerage utility company, Maynilad Water Services, Inc., through DMCIMPI Water Company; toll roads through Metro Pacific Tollways

Corporation (MNTC) and its subsidiaries, Manila North Tollways Corporation and Tollways Management Corporation; hospitals through Medical Doctors Inc. and Davao Doctors Hospital Inc., Riverside Medical Center, Inc., and East Manila Hospital Manager's Corporation; and real estate through Metro Pacific Corporation.

In 2010, MNTC participated in a public bidding conducted by the Bases Conversion and Development Authority (BCDA) for the right to manage, operate and maintain the 94-kilometer Subic-Clark-Tarlac Expressway Project (SCTEx) on an "as is, where is" basis for a period of 25 years extendable by another eight years or until October 30, 2043.

On July 20, 2011, MNTC and BCDA signed a Business and Operating Agreement (BOA) covering the assignment by BCDA to MNTC of its rights, interest and obligations under the Toll Operations Agreement relating to the management, operation and maintenance of the SCTEx

Robinsons Land Corporation

43/F Robinsons Equitable Tower, ADB Avenue corner Poveda St., Ortigas Center, Pasig City Tel no. 397-1888 Fax no. 395-2500

Robinsons Land Corporation (RLC) was incorporated on June 4, 1980 to serve as the real estate investment arm of JG Summit Holdings, Inc. (JGS) and its subsidiaries. RLC has four wholly-owned consolidated subsidiaries consisting of Robinsons Inn, Inc., Robinsons Realty and Management (Cayman) Corporation, Limited, and Robinsons Robinsons

Board of Directors John L. Gokongwei, Jr. James L. Go Chairman Lance Y. Gokongwei Frederick D. Go Patrick Henry C. Go Johnson Robert G. Go, Jr. Robina Y. Gokongwei-Pe Artemio V. Panganiban - Independent Director Roberto F. de Ocampo - Independent Director Emmanuel C. Rojas, Jr. - Independent Director

Properties Marketing and Management Corporation, and a 51%-owned company, Altus Angeles, Inc. and an 80%-owned subsidiary, Altus San Nicolas Corp.

RLC and its subsidiaries are engaged in the business of selling, acquiring, constructing, developing, leasing and disposing of real properties such as land, buildings, shopping malls, commercial centers and housing projects, hotels and other variants and mixed-used property projects.

RLC's operations are divided into four business divisions such as the commercial centers, residential, office buildings, and hotels. As of September 2011, the Company's portfolio includes 29 shopping malls, 23 residential projects, eight office buildings, and five hotels.

SM Investments Corporation
10th Flr, OneE-com Center, Harbor Drive, Mall of Asia Complex, CBP-1, Pasay City Tel no. 857-0100 Fax No. 857-0132

Board of Directors Henry Sy, Sr. Teresita T. Sy Henry T. Sy, Jr. Harley T. Sy Jose T. Sio Vicente S. Perez, Jr. - Independent Director Ah Doo Lim - Independent Director Joseph R. Higdon - Independent Director

Incorporated on January 15, 1960, SM Investments Corporation (SM) is the holding company of the SM Group of Companies. SM is engaged in five core businesses through its subsidiaries, namely, shopping mall development and management (SM Prime Holdings, Inc.), retail (SM Department Stores, SM Supermarket, SM Hypermarket and SaveMore Stores); financial services (BDO Unibank Inc. and China Banking Corporation) and real estate development and tourism (SM Land, Inc., SM Development Corporation, Costa Del Hamilo, Inc. Highlands Prime, Inc. and Belle Corporation) and hotels and conventions (SM Hotels, SMX Convention Specialists, Hotel Specialists - Tagaytay, Cebu and Pico).

Vista Land & Lifescapes, Inc .

City Registered Address: 3rd Level Starmall Las Pias, CV Starr Avenue, Pamplona, Las Pias City / Business Address: UGF Worldwide Corporate Center, Shaw Blvd., Mandaluyong City Tel no. +63 2 584-5308 Fax no. +63 2 584-5731

Vista Land & Lifescapes, Inc. (VLL) was incor porated on February 28, 2007 as an investment holding company. VLL and its subsidiaries harness more than 30 years of professional expertise in residential real estate development. The Company's projects include master-planned developments and stand-alone residential subdivisions which offer lots and/or housing units to customers in the low-cost (which includes socialized housing), affordable, middle-income and high-end

Board of Directors Marcelino C. Mendoza Manuel Paolo A. Villar Cynthia J. Javarez Benjamarie Therese N. Serrano Maribeth C. Tolentino Marilou O. Adea - Independent Director Ruben O. Fruto - Independent Director market segments.

VLL operates through five distinct business units, namely Brittany, Crown Asia, Camella Homes, Communities Philippines, and Vista Residences, Inc.. These units are involved in various real estate markets ranging from the low-cost housing segment to the high-end market offering luxury houses in master-planned communities. The Company and its subsidiaries' projects include Portofino, Crosswinds, La Posada, Mosaic, Avant, Citta Italia, Maia Alta, Ponticelli, Tierra Nevada, Nova Romania, Cerritos, Pacific Residences, Trevi Towers, Savannah, Plantacion Meridienne, Solariega, Frontera, Azienda Milan and Wedgewood.