iSAN MIGUEL CORPORATION

November 10, 2017

The Philippine Stock Exchange, Inc.

Disclosure Department

3rd Floor, Tewer One and Exchange Plaza Ayala Triangle, Ayala Avenue

Makati City

Attention: Mr. Jose Valeriano B. Zuno Ill

Re: Declaration of Cash Dividends on the Series "1" Preferred Shares and Series "2" Preferred Shares

Gentlemen:

We advise that, at the Regular Meeting of the Board of Directors of San Miguel Corporation (the "Corporation") held today, November 10, 2017, the Board of Directors of the Corporation declared cash dividends to be paid out of the unrestricted retained earnings of the Corporation as of September 30, 2017, distributable as dividends to all stockholders of record as of December 21, 2017 on the following shares of the Corporation to be paid on January 5, 2018, as follows:

Class of Shares

Dividend Amount 12er share

Series " 1" Preferred Shares

R1.0565625

Series "2" Preferred Shares - Subseries "B"

'21.4296875

Series "2" Preferred Shares - Subseries "C"

'21.50

Series "2" Preferred Shares - Subseries "D"

'21.11433125

Series "2" Preferred Shares - Subseries "E"

'21.18603125

Series "2" Preferred Shares - Subseries "F"

'21.27635

Series "2" Preferred Shares - Subseries "G"

'21.23361875

Series "2" Preferred Shares - Subseries "H"

'21.1854125

Series "2" Preferred Shares - Subseries "I"

'21.18790625

The books of the Corporation will be closed from December 22 to 28, 2017 .

Very truly yours,

FERDINAND K. CONSTANTINO/

Corporate Information Officer ·

40 SAN MIGUEL AVENUE, MANDALUYONG CITY, 1550 METRO MANILA , PHILIPPINES TEL. NO. (632) 632-3000

Ex-Date : Dec 18, 2017

SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER

  1. Date of Report (Date of earliest event reported)

    Nov 10, 2017

  2. SEC Identification Number

    PW-277

  3. BIR Tax Identification No.

    000-060-741-000

  4. Exact name of issuer as specified in its charter

    SAN MIGUEL CORPORATION

  5. Province, country or other jurisdiction of incorporation

    Philippines

  6. Industry Classification Code(SEC Use Only)

    C06789-2017

  7. Address of principal office

    40 San Miguel Avenue, Mandaluyong City, Metro Manila, Philippines

    Postal Code

    1550

  8. Issuer's telephone number, including area code

    (632) 632-3000

  9. Former name or former address, if changed since last report

    N/A

  10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

    Title of Each Class

    Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding

    SMC

    2,382,265,715

    SMCP1

    279,406,667

    SMC2B

    90,428,200

    SMC2C

    255,559,400

    SMC2D

    89,333,400

    SMC2E

    134,000,100

    SMC2F

    223,333,500

    SMC2G

    66,666,600

    SMC2H

    164,000,000

    SMC2I

    169,333,400

  11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

San Miguel Corporation SMC

PSE Disclosure Form 6-1 - Declaration of Cash Dividends

References: SRC Rule 17 (SEC Form 17-C) and Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Cash Dividends declaration for Preferred Shares

Background/Description of the Disclosure

Please see attached.

Type of Securities

Common

Preferred SMCP1

Others

-

Cash Dividend

Date of Approval by Board of Directors

Nov 10, 2017

Other Relevant Regulatory Agency, if applicable

N/A

Date of Approval by Relevant Regulatory Agency, if applicable

N/A

Type (Regular or Special)

Regular

Amount of Cash Dividend Per Share

P1.0565625

Record Date

Dec 21, 2017

Payment Date

Jan 5, 2018

Source of Dividend Payment

To be paid out of the unrestricted earnings of the Corporation distributable as dividends as of September 30, 2017.

Other Relevant Information

Closing of books from December 22 to 28, 2017.

Filed on behalf by:

Name

Mary Rose Tan

Designation

Associate General Counsel and Assistant Corporate Secretary

San Miguel Corporation published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 10:58:06 UTC.

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