Fil-Estate land, Inc. (“FELI” or the “Company”) was incorporated in 18 May 1994 to consolidate the real estate interests and development activities of the Fil-Estate Group of Companies. FELI is tasked to engage in land acquisitions and to maintain an inventory of raw land for future development by its subsidiaries. FELI’s common shares were listed in the Philippine Stock Exchange (PSE) in November 1995.

FELI has two wholly owned subsidiaries: Fil-Estate Properties Inc. (“FEPI”) and Fil-Estate Golf and Development, Inc. (“FEGDI”) both of which are engaged in the development of residential subdivisions, townhouses, golf course communities, condominiums, office buildings, industrial estates, and resort communities. In March 2002, the group established Fil-Estate Urban Development Corporation (“FEUDC”) to pursue the development of certain city-based residential and commercial projects.

All of the Company’s properties are promoted and sold through affiliated marketing companies. FELI owns a strategic 20% equity interest in of each of five (5) marketing companies, namely Fil-Estate Realty Corporation, Fil-Estate Marketing Associates, Inc., Fil-Estate Network, Inc., Fil-Estate Sales, Inc. and Fil-Estate Realty Sales Associates, Inc.

The Company is one of the leading property development and marketing companies in the Philippines and has operated through predecessor companies since 1981. It is engaged primarily in the horizontal development of residential subdivision lots, integrated residential, golf and other leisure-related properties and vertical development of mixed-use towers in Metro Manila.

FELI has one of the largest land banks among the Philippine property developers. Currently, FELI has approximately 1,087 has. of wholly owned and 2,940 has. of joint venture properties in its land bank. The Company reduces its capital exposure substantially by acquiring or controlling its land bank through joint ventures with landowners. These agreements generally provide that the Company will undertake the development and marketing of the project.

SIGNIFICANT MILESTONE

• Established in 1981
• Founded by Robert John L. Sobrepeña, Ferdinand T. Santos and Noel M. Cariño to market properties
• Began property development in 1983
• Formed Fil-Estate Land, Inc., the real-estate holding company, in 1994
• Fil-Estate Land, Inc. became a public company in 1995
• Organized Fil-Estate Corporation as the primary holding company for the group