(18 June 2008, Manila, Philippines)  SM Prime Holdings, Inc. is pleased to announce the successful completion of its Php3,000,000,000 Fixed Rate Notes Facility.  The deal was arranged by First Metro Investment Corporation.  The facility will have  maturities of five years, seven years and ten years from issue date and its proceeds will be used to fund on-going capital expenditures and for general corporate requirements. 
 

The facility was over-subscribed with 16 primary institutional lenders subscribing to the Issue.  The strong response by the market to this financing illustrates the high credit quality of SMPHI, as well as the local market’s confidence in SM Prime Holdings, Inc. 
 

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For further information, please contact:

Mr. Jeffrey C. Lim
Executive Vice President
SM Prime Holdings, Inc.
Email: [email protected]
Tel. No.: 831-1000 loc. 1406