SECURITIES AND EXCHANGE COMMISSIONSEC 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)

Mar 13, 2019

2. SEC Identification Number

16342

3. BIR Tax Identification No.

000-169-020-000

4. Exact name of issuer as specified in its charter

SM Investments Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10th Floor, One E-com Center, Harbour Drive, Mall of Asia Complex, Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

(632) 857-0105

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

--

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
Common Stock	1,204,582,867

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.

SM Investments CorporationSM

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Articles entitled “SMIC allots P98b for 2019 investments”

Source	manilastandard.net
Subject of News Report	SMIC allots P98b for 2019 investments
Date of Publication	Mar 12, 2019

Clarification of News Report
Ladies and Gentlemen: We reply to the Philippine Stock Exchange’s request for clarification on the news article entitled “SMIC allots P98b for 2019 investments” posted in manilastandard.net on March 12, 2019, the pertinent portion of which reads: “SM Investments Corp., the holding company of the Sy family, earmarked P98 billion for 2019 capital expenditures to support the expansion of its real estate, banking and retail businesses. SMIC said in an investor presentation property unit SM Prime Holdings Inc. would get the lion’s share of the capital spending at P80 billion. It said of the amount, 55 percent or P44 billion would go to the development of new malls and expansion of existing ones. About 34 percent or P27 billion will be for the construction of high-rise and mid-rise residential projects and the remaining 11 percent or P8.8 billion will be for the completion of office and hotel projects. The conglomerate will allocate P9 billion to P12 billion for banking units BDO Unibank Inc. and China Banking Corp. for branch expansion and IT enhancements. SM Retail is spending P5 billion in 2019 to roll out new stores and renovate existing outlets. SM Retail had 2,328 stores as of end-2018, including 63 department stores, 882 food retail outlets and 1,383 specialty stores with 2.89 million square meters of gross selling area. . . . .” We confirm the above news article. Thank you.
Other Relevant Information
Please see attachment.