SAN MIGUEL CORPORATION January 8, 2009 Philippine Stock Exchange, Inc. Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig Attention: Atty. Pete M. Malabanan Head - Disclosure Department Gentlemen : In accordance with Section 17 of the Revised Disclosure Rules of the Philippine Stock Exchange, we submit herewith the list of Top 100 stockholders of San Miguel Corporation (SMC) as of December 31, 2008.