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San Miguel CorporationSMC

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

• Annual Report
• Quarterly Report
• OthersDisbursement of Proceeds

Subject of the Disclosure
Disbursements of the net proceeds of the offering of the Fixed-Rate-Bonds Series "O" and Series "P" Preferred Shares
Background/Description of the Disclosure
Please see attached disbursement of the net proceeds of the offering of the Fixed-Rate Bonds Series "O" and Series "P" Preferred Shares.
Other Relevant Information
None.