COMPANY
San Miguel Properties Inc. (SMPI)

PARENT COMPANY
San Miguel Corporation (SMC)

SMPI SUBSIDIARIES
Bright Ventures, Realty, Inc.
Carnell Realty, Inc.
Maison 17 Properties, Inc.
First Monte Sierra Realty Corp.
Excel Unified Land Resources Corporation
La Belle Plume Realty, Inc. (Formerly Maravilla Housing Project, Inc.)
Moonspring Development, Inc.
Malay-Nabas Realty Development, Inc.
Newscapes Haven Development, Inc.
Caticlanscapes Realty Development, Inc.
El Montañas Realty Corp.
Tierra Castellanas Development, Inc.
Legacy Homes, Inc.
SMPI Makati Flagship Realty Corp.
Dover Hill Condominium Corporation
One Dover View Condominium Corporation
Two Dover View Condominium Corporation
Emerald 88 Condominium Corporation
Asian Leaf Homeowners' Association, Inc.
Bel Aldea Homeowners' Association, Inc.
Maravilla Homeowners' Association, Inc.
Wedgewoods Homeowners Association, Inc