1Q2023 Operating Highlights

Key Business Units. Malls' Expansion Program • • ● 2023 New Malls 2023 Malls Expansion Name GFA (sqm) Name GFA (sqm) CITY GEGALAD SM City Bataan 46,000 CITY SM City Marilao 22,000 ROXAS SM City Cebu 31,000 SM Center San Pedro 22,000 SM City East Ortigas 27,000 SM City Sto. Tomas 58,000 SM City Bacolod 6,000 SM City Iloilo 2,000 This 2023, SM Prime targets to launch three new malls and expands existing malls. These will add around 200,000 sqm of gross floor area in the Company's mall portfolio. Available landbank of almost 340 hectares which is good for over the next 5 to 7 years. SHI

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