C06434-2021

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)
Sep 23, 2021
2. SEC Identification Number
AS094-000088
3. BIR Tax Identification No.
003-058-789
4. Exact name of issuer as specified in its charter
SM PRIME HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Blvd., Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Pasay City, Philippines Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8831-1000
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
COMMON STOCK, P1 PAR VALUE 28,879,231,694
11. Indicate the item numbers reported herein
ITEM # 9, LETTER B

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 Prime Holdings, Inc.SMPH

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

News Clarification: DOTR approves SM Prime monorail project in Pasay
Source manilastandard.net
Subject of News Report DOTR approves SM Prime monorail project in Pasay
Date of Publication Sep 22, 2021
Clarification of News Report

September 23, 2021

The Philippine Stock Exchange, Inc.
6F PSE Tower
28th Street corner 5th Avenue
BGC, Taguig City

Attention of Ms. Janet A. Encarnacion
Head - Disclosure Department

Gentlemen:

This refers to the news article entitled “DOTR approves SM Prime monorail project in Pasay” posted in manilastandard.net on September 22, 2021. The article reported in part that:

“The Department of Transportation on Wednesday signed a memorandum of agreement with the Pasay City government for the construction of an integrated monorail project proposed by SM Prime Holdings Inc.

The 1.89-kilometer monorail system between the intersection of EDSA and Taft Ave. and EDSA-J.W. Diokno Boulevard will make the passenger transfer among Light Rail Transit Line-1, Metro Rail Transit Line-3, EDSA Busway and EDSA Greenways easier and more convenient.

. . . .

SM Prime on June 4, 2020 submitted an unsolicited proposal to establish the EDSA-Taft Ave. to J.W. Diokno Boulevard Transit Project, a 1.89-km. monorail system that aims to provide seamless connectivity, resulting in reduced travel time and congestion within the area.

SM Prime proposed to implement the project under a joint venture arrangement with Pasay City and agreed to undertake and fully finance the project, including the cost of all the necessary permits and clearances from government agencies and the expenses to comply with government and legal requirements.

Under the agreement, the proponents will ensure that the monorail component will be subject to DOTR’s standards, specifications and requirements. The agency will also have regulatory supervision and oversight over the design, construction, operation and maintenance of the project.

It will be built at no financial cost, direct guarantee, subsidy or equity from the national government.

The DOTR will also have a share in gross fare revenues of the project while Pasay City will transfer ownership over all components to the national government after 50 years.

. . . .”

We would like to clarify the following:
• SM Prime submitted an unsolicited proposal for the monorail project in Pasay.
• SM Prime on December 15, 2020 submitted an unsolicited proposal for the monorail project in Pasay to establish the EDSA-Taft Ave. to J.W. Diokno Boulevard Transit Project, a 1.89-km. monorail system that aims to provide seamless connectivity, resulting in reduced travel time and congestion within the area.
• The DOTR will also have a share in gross fare revenues of the project while Pasay City will transfer ownership over all components to the national government after 35 years.

Very truly yours,


JOHN NAI PENG C. ONG
Chief Finance Officer
Other Relevant Information

N/A
Filed on behalf by:
Name Diana Inderio
Designation Manager