17 October 2023, Pasay City, Philippines – SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, received the Five Golden Arrow Award from the Institute of Corporate Directors (ICD) at the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition held last September 28, 2023 at Okada Manila.

The Golden Arrow Recognition is given to publicly listed companies (PLCs) and insurance firms in the Philippines based on the ACGS and CGS assessment results wherein five (5) levels of performance in corporate governance will be conferred. Each ascending level is depicted by an increase in the number of golden arrows. The Five Golden Arrow Recognition, the highest corporate governance distinction, is presented to companies that achieved a score of 120 to 130 points using the 2022 ACGS and CGS assessments.

“This ICD award will continuously serve as our inspiration to proactively engage in corporate governance best practices as we address to the ever-changing business landscape in the Philippines and in the region.”, said Mr. John Nai Peng C. Ong, Chief Finance Officer of SM Prime.

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