(14 July 2015, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, won the Best Developer Award, the highest award given by the Philippines Property Awards 2015 at the Raffles and Fairmont Hotel, Makati last July 9, 2015. This makes SM Prime the Philippine entry to compete on October 2015 in Singapore against other developers coming from China, Singapore, Malaysia, Indonesia, and Vietnam.

"On behalf of our Chairman, Mr. Henry Sy, Jr., our President, Mr. Hans Sy and SM Prime team, we humbly accept this prestigious award. With this, we are more inspired to provide innovative and sustainable lifestyle cities for the greater good of the communities we serve, thank you." SM Prime Executive Vice President Mr. Jeffrey Lim said when he received the award.

SM Prime, with a total of nine nominations across the twenty-five award categories, was conferred the evening's biggest winner. SM Prime group also dominated several categories and bagged four awards aside from the Best Developer Award. These include Best Retail Development and Best Retail Architectural Design, for Mega Fashion Hall. Meanwhile, SM Development Corporation (SMDC), earned the trophy for Best Landscape Architectural Design for Shell Residences and Best Affordable Condo Development (Metro Manila) for Mezza II Residences.

The Philippines Property Awards 2015 celebrated the best of the best current projects in the Philippine's real estate industry, given that we have a strong Philippine economy which positively affecting the real estate market and exhibits robust growth in the commercial, residential, offices and mixed-use sectors, as well as gearing on the opportunities across the regions.

SM Prime will remain 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.

-End-

For further information, please contact:

Alex Pomento

Vice President, Investor Relations

SM Prime Holdings, Inc.

E-mail: alex.pomento@smprime.com

Tel. no.: +632 862 7940

distributed by