San Miguel : Institutional Briefing Invite 01.03.17

s•SAN MIGUEL CORPORATION

January 3, 2017

The Philippine Stock Exchange, Inc.

Disclosure Department

3rd Floor, Tewer One and Exchange Plaza

Ayala Triangle, Ayala Avenue

Attention: Mr. Jose Valeriano B. Zuno Ill

OI C-Head, Disclosure Department

Gentlemen:

Please be informed that San Miguel Corporation will hold an Institutional

Investors' Briefing on January 12, 2017 at 4:00 p.m., at the Legaspi Ballroom, Makati Diamond Residences , Legaspi Street, Legaspi Village, Makati City 1229.

Attached is a copy of the invitation.

Very truly yours,

MA . TAN

Assistant Corporate Secretary

40 SAN MIGUEL AVENUE .MANOALUYONG CITY. 1550 METRO MANILA, PHILIPPINES TEL NO.[phone]

together with

BDO Capital, BPI Capital Corporation, China Bank Capital, ING, RCBC Capital, SB Capital, and Standard Chartered Bank (together the "Joint Lead Underwriters and Bookrunners")

cordially invites you to an

Institutional Investors' Briefing Registration at 3:30PM Company Presentation at 4:00PM Thursday, January 12, 2017 Legaspi Ballroom, Makati Diamond Residences

Legazpi Street, Legazpi Village, Makati City 1229

RSVP to the following contact persons on or before 5:00pm on January 10, 2017:

Name	Email Address	Phone Number
Grace W. Domingo	[e-mail]	[phone] ext. 2216
Karla Pacificador	[e-mail]	[phone] ext. 2213