(23 April 2024, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime)’s Board of Directors approves the declaration of cash dividends of PHP0.346 per share, amounting to PHP10.0 billion to all stockholders of record as of May 8, 2024, payable on or before

May 22, 2024, during the Company’s Annual Stockholders’ Meeting held in Conrad Manila, Pasay City. The declared total amount is higher than the PHP6.8 billion we declared in 2023.

SM Prime will continue its expansion program in its key business units and provide the Company a stronger presence in major areas across the country. The Company is looking at PHP100 billion capital expenditure this year to support various programs.

SM Prime is scheduled to open four new malls in the Philippines this year, which will provide more than 400,000 square meters (sqm) of gross floor area (GFA). We aim to launch 8,000 to 10,000 residential units for our residential business.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

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For further information, please contact:

Alexander Pomento

Vice President, Investor Relations

SM Prime Holdings, Inc.

E-mail: [email protected]

Tel. no.: +632 8862 7940

Forward-looking Statement

This document may contain forward-looking statements and forward-looking information that are subject to significant risks and uncertainties including, without limitation, statements relating to known and unknown risks; uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expected future results; performance or achievements expressed or implied by forward-looking statements; our overall future business, financial condition, and results of operations, including, but not limited to financial position or cash flow; our goals for or estimates of future operational performance or results; and changes in the regulatory environment including, but not limited to, policies, decisions, and determinations of governmental or regulatory authorities. Although: (1) SM Prime Holdings, Inc. has extensive experience; and (2) the forward-looking statements may be reasonable, nothing herein should be relied upon as a commitment from SM Prime Holdings, Inc. as we cannot guarantee future events, performance or events due to various risks and uncertainties.