06929969-16bc-4ae6-a6a4-a3ab61fb0118.pdf

ISAN MIGUEL CORPORATION

January 15, 2016


The Philippine Stock Exchange, Inc.

Disclosure Department

3rFloor, Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue

Makati City


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


Re: Declaration of Cash Dividends on the Series "1" Preferred Shares and

Series "2" Preferred Shares


Gentlemen:


We advise that, at the Regular Meeting of the Board of Directors of San Miguel Corporation (the "Corporation") held today, January 15, 2016, the Board of Directors of the Corporation declared cash dividends on the preferred shares of the Corporation, as follows:


Class of Shares

Dividend Amount 12er share

Series "1" Preferred Shares

1.0565625

Series "2" Preferred Shares - Subseries "B"

R1.4296875

Series "2" Preferred Shares - Subseries "C"

R1.50

Series "2" Preferred Shares - Subseries "D"

1.11433125

Series "2" Preferred Shares - Subseries "E"

1.18603125

Series "2" Preferred Shares - Subseries "F"

1.27635



The dividend payment date is on April 5, 2016, to be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of December 31, 2015. Payment shall be made to the stockholders of record of the aforementioned preferred shares as of March 21, 2016. The books of the Corporation will be closed from March 22 to 30, 2016.


Very truly yours,



FERDINAND K. CONSTANTINqf

Corporate Information Officer


40 s.&IN MIGUEL AVENUE,MANqALUYONG CITY. 1550 METRO MANILA, PHILIPPINES TEL NO.(632) 632 3000

San Miguel Corporation issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-18 03:14:01 UTC

Original Document: http://www.sanmiguel.com.ph/smc_files/disclosures/2016/Dividend_Declarations/DeclarationofCashDividends01.15.2016_1.pdf