SM Prime : to Open First Mall in Bataan

Artist's Rendition of SM City Bataan

(17 May 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 Bataan, its first mall in Bataan Province, this Friday, May 19, 2023. This new mall will offer a distinct look with inviting interior and adds 46,000 square meters of gross floor area to the Company's mall portfolio, providing two levels of shopping, dining and entertainment options to the province.

"Bataan has been a popular destination among local and foreign tourists for its wonderful mix of historical, natural, and educational sites. We are very excited to open our new mall, SM City Bataan, in the province as we aim to add color to its rich culture and further spur economic activities that are set to provide significant growth opportunities, convenience, and entertainment to everyone," SM Prime President Jeffrey Lim said.

SM City Bataan will open with more than 90% of space lease-awarded and is located at the provincial capital of Balanga City which serves as the center of governance, trade, and tourism of the province. Built to interweave with Balanga's mix of old and modern architecture, SM City Bataan will open with Foodcourt, Cyberzone, event center, cinemas, parking zones, and transport terminal complex. Its SM Cinema will offer three regular cinemas and two private cinemas for an immersive experience, while its parking zones will provide more than a thousand vehicle slots for added convenience.

SM City Bataan will house a diverse selection of shops and services, both local and international labels, led by SM group's well-loved brands such as The SM Store, SM Supermarket, SM Appliance Center, Uniqlo, Ace Hardware, Watsons, Surplus, Crocs, Pet Express, Miniso, Sports Central, Chinabank, and BDO.

SM City Bataan is expected to provide unique malling experiences as it opens with alfresco dining areas, work pods, a pet park, bike-friendly facilities, electric car vehicle station, and other scenic spots that will capture locals' hearts and supply them with world-class destination, products, and services that will add delight to their everyday lives.

"We expect further growth opportunities for the province and its people with more infrastructure projects waiting to be completed in Bataan. We hope that, through SM City Bataan, we will be able to provide everyone more reasons to enjoy and stay in this beautiful province," Mr. Lim added.

SM City Bataan is SM Prime's 83rd mall in the Philippines. Once opened, SM Prime will have 59 malls in the provincial areas of the country 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.

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For further information, please contact:

Alexander Pomento

Vice President, Investor Relations

SM Prime Holdings, Inc.

E-mail: [e-mail]

Tel. no.: [phone]

Forward-looking Statement

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