SM Prime : Expands Mall Footprint in Batangas

(25 October 2023, Pasay City, Philippines)SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, is set to open SM City Sto. Tomas in Batangas this October 27, Friday. SM City Sto. Tomas is the fourth SM Supermalls in the Province of Batangas and 85^th mall of SM Prime in the Philippines, and spans 110,000 square meters of gross floor area.

"We are delighted to open SM City Sto. Tomas this Friday to add more fun and excitement to the thriving City of Sto. Tomas in Batangas. We are making sure that this newest shopping, dining and entertainment hub will provide its guests with SM's well-loved brand of service and convenience that will be beneficial to our fellows in Batangas, most especially this coming Holidays Season," SM Prime President Jeffrey C. Lim said.

SM City Sto. Tomas is situated along Maharlika Highway, San Bartolome, Santo Tomas City, Batangas, and is strategically located at the intersection of highways traversing the provinces of Laguna, Batangas and Quezon.

SM City Sto. Tomas will open with almost ­­­­100% of space lease-awarded sharing three levels of exciting shops and brands led by The SM Store, SM Supermarket, Uniqlo, Ace Hardware, Sports Central, Watsons, Pet Express, SM Appliance Center, Miniso, Surplus, 2Go, Chinabank, and BDO. SM City Sto. Tomas will have SM Foodcourt, Cyberzone, SM Cinema with three digital screens, parking zones, and transport terminal for further convenience to its customers.

SM City Sto. Tomas follows the success of SM City Batangas, SM City Lipa, and SM Center Lemery in Batangas. Once opened, SM Prime will have 61 malls in the provincial areas of the Philippines and 24 malls in Metro Manila.

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.

###

For further information, please contact:

Alexander Pomento

Vice President, Investor Relations

SM Prime Holdings, Inc.

E-mail: alex.pomento@smprime.com

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.