FIL-ESTATE LAND, INC.

Fil-Estate Land, Inc. (LND) was incorporated on May 18, 1994 to consolidate the real estate interests and development activities of the Fil-Estate Group of Companies. LND was also tasked to engage in land acquisitions and to maintain an inventory of raw land for future development by its subsidiaries. LND went public in November 1995 when its common shares were listed at the Philippine Stock Exchange. LND has three wholly-owned subsidiaries, namely, Fil-Estate Properties, Inc. (FEPI), Fil-Estate Golf and Development, Inc. (FEGDI), and Fil-Estate Urban Development Corporation (FEUDC). FEPI and FEUDC are engaged primarily in residential projects while FEGDI is engaged in golf and leisure development. The developments of these various projects are still ongoing to date. LND also owns 20%  

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of the equity of each of the 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. All of LND's properties are marketed through these marketing companies. Source: SEC Form 17-A (2008)