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104 2015 ANNUAL REPORT / / / (02) 2747-8711 / spokesman@mail.7-11.com.tw / / / (02)2747-8711 / spokesman@mail.7-11.com.tw / 497 3 / (04)2376-0199 / 271 5 / (06)282-5711 / 175 5 / (07)533-1711 / 65 2 / (02)2747-8711 / 250 2 / (02)2662-8121 / 252 2 / (02)2662-9711 / 183 2 / (03)328-8711 / / 8 1 / www.pscnet.com.tw / (02)2746-3797 / / / 333 27 / www.pwcglobal.com / (02)2729-6666 / 121 6 / (03)468-3711 http://www.7-11.com.tw

CONTENT 012 014 056 016 067 040 ( ) 074 044 075

( ) ( ) 2015 2014 133,407,688 131,330,857 1.58% 45,109,265 43,179,892 4.47% 6,412,115 6,300,851 1.77% 9,566,746 10,312,119-7.23% 8,238,993 9,090,462-9.37% ( ) 7.92 8.74 ( ) 1,039,622,255 1,039,622,255 2015 2014 33.81% 32.88% 29.01% 28.08% 4.81% 4.80% 6.18% 6.92% (ROA) 13.71% 15.62% (ROE) 30.73% 36.16% 15.19 17.07 14.28 13.49 ( ) 1500 1200 6000 5000 ( ) 900 4000 600 3000 2000 300 1000 0 2011 2012 2013 2014 2015 (ROC) (ROC) (IFRS) (IFRS) (IFRS) 0 10 2015 ANNUAL REPORT

( ) 500 400 80 70 ( ) 300 60 50 200 40 30 100 20 10 0 2011 2012 2013 2014 2015 (ROC) (ROC) (IFRS) (IFRS) (IFRS) 0 ( ) 40 20 ( ) 35 30 15 25 20 10 15 10 5 5 0 0 2011 2012 2013 2014 2015 (ROC) (ROC) (IFRS) (IFRS) (IFRS) ( ) 5 4 3 2 1 0 2010 2011 2012 2013 2014 2015 ANNUAL REPORT 11

2015 2015 2,054.8 82.4 7-ELEVEn CITY CAFE 2015 2016 CITY MUJIMister DonutDuskin Starbucks 7-ELEVEn ibon ibon APP icash2.0 OPENPOINT 2015 7-ELEVEn 2015 8,874 599 7-ELEVEn 2015 1,600 (Mindanao) 900 12 2015 ANNUAL REPORT

Letter to Shareholders 40 (Starbucks Reserve Roastery and Tasting Room) ( ) 2015 7-ELEVEn O2O(Online to Offline) 2015 2015 A++ 5% MSCI 2014 500 35 7-ELELVEn 2015 CSR ISO50001 2016 7-ELEVEn 7-ELEVEn 1,900 1,200 7-ELEVEn ( ) 2015 ANNUAL REPORT 13

1987 6 10 1987 ( ) 1988 EOS 1989 300 7-ELEVEn 1990 ( ) 7-ELEVEn 1991 100 1994 DUSKIN ( ) 1995 1,000 ( ) 1996 POS 1997 ( ) Starbucks ( ) 1999 2,000 ( ) ( ) ( ) ( ) 2000 7-ELEVEn ( ) 7-ELEVEn (Philippine Seven Corp.) 2002 3,000 7-ELEVEn CAS 18 2004 POS 7-ELEVEn icash 7-ELEVEn ( ) ( ) ( ) 2005 4,000 2005 2006 ibon ( ) ( ) 12 2007 7-ELEVEn Light Down 4,000 7-ELEVEn CITY CAFE 1,000 ; 2007 2008 ( ) 7-ELEVEn OPEN 2008 2009 ( ) ( ) 7-ELEVEn 15 ; 6 ; 2009 ; Outstanding Corporate Social Innovation 2003 7-ELEVEn 2002 14 2015 ANNUAL REPORT

Corporate Overview 2010 7-ELEVEn 2011 16 ibon ibon ibon Mart 7-ELEVEn 800 7-ELEVEn 2012 7-ELEVEn ibon ibon POS 18 2012 2013 POS 7-ELEVEn 7-ELEVEn 50 2015 7-ELEVEn MAS 7-ELEVEn i B2C ibon ibon APP 7-ELEVEn 1,600 2015 250 A++ 5% 100 2015CSR 2015 ISO50001 2015 7-ELEVEn 2015 2016 CITY CITY CAFE Cheers 2016 Top100 2014 5000 ( ) icashicash Mister Donut 2015 ANNUAL REPORT 15

( ) 2016 4 30 ( ) 7-ELEVEn 7-ELEVEn 16 2015 ANNUAL REPORT

Corporate Governance ( ). 2016 04 30 ( ) ( ) ( ) 2015.06.18 3 1987.06.10 471,996,430 45.40% 471,996,430 45.40% ( ) ( ) 2015.06.18 3 2013.12.19 1,032,215 0.10% 1,032,215 0.10% 1,014,315 0.10% ( ) ( ) ( ) ( ) ( ) ( ) 2015.06.18 3 2009.06.10 4,876,775 0.47% 5,036,775 0.48% 2015.06.18 3 2010.03.20 1,014,315 0.10% 1,014,315 0.10% 1,032,215 0.10% Marymount College,USA ( ) 2015.06.18 3 2008.02.14 ( ) ( ) ( ) 2015.06.18 3 2003.06.24 ( ) ( ) ( ) 2015.06.18 3 2012.06.21 13,652 13,652 ( ) ( ) ( ) 2015.06.18 3 2015.06.18 ( ) ( ) ( ) ( ) ( ) ( ) ( ) 2015.06.18 3 2015.06.18 391 391 2015.06.18 3 2015.06.18 2015.06.18 3 2012.06.21 ( ) ( ) ( ) ( ) ( ) 2015.06.18 3 2015.06.18 556 556 737 ( ) 2015.06.18 3 2012.06.21 20,000 2015.06.18 3 2012.06.21 ( ) ( ) 2015.06.18 3 2012.06.21 ( ) ( ) ( ) 78 ( ) 78 2015 ANNUAL REPORT 17

Corporate Governance 2. 1 1 2 3 4 5 6 7 8 9 10 3 1 (1) (2) ( ) (3) (4) (5) (6) (7) (8) (9) 30 (10) 27 3. 2015 12 31 (4.64%) (3.73%) ( ) (3.16%) (2.60%) (2.27%) (2.16%) (1.64%) (1.57%) (1.55%) (1.52%) (61.61%) (20.13%) (13.41%) (1.61%) (1.19%) (1.07%) (0.98%) 4. 2015 12 31 (61.61%) (20.13%) (13.41%) (1.61%) (1.19%) (1.07%) (0.98%) 18 2015 ANNUAL REPORT

Corporate Governance ( ) 2016 04 30 ( ) 2012.06.21 13,652 ( ) 1999.01.01 2008.06.13 2012.08.01 ( ) 2012.08.01 2012.08.01 113 2013.01.01 2013.01.01 717 2,000 2008.10.01 1,121 ( ) 2014.06.19 282 ( ) 2010.04.01 556 737 2014.10.15 1,129 2015.3.19 1,251 2011.07.01 2014.11.06 80 80 2016 1 2016 2 2015 ANNUAL REPORT 19

Corporate Governance ( ) 1. ( ) (A) (B) (C) (D) ABC D (E) (F) (G) ( ) 2015 12 31 / (H) (I) ABC DEF G () 2,230 2,350 135,424 140,065 1.67% 1.73% 1.67% 1.73% 960 ( ) 70,122 75,706 77 4,800 5,080 0.91% 0.98% 0.91% 0.98% ( ) ( ) 2015 6 17 2015 2015 12 31 / ABC ABC DEF D G (A) (G) (B) (C) (D) (E) (F) ( ) (H) (I) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )/ 1,005 2,360 12,898 12,898 4,933 5,742 0.23% 0.25% 37,571 37,571 534 534 2,216 2,216 0.72% 0.74% 960 ( ) ( )/ ( ) ( ) ( ) ( ) ( ) ( )/ ( ) 2015 6 18 2015 6 17 ( ) : 2015 ( ) 20 2015 ANNUAL REPORT

Corporate Governance 2,000,000 (A+B+C+D) (A+B+C+D+E+F+G) 2,000,000 5,000,000 5,000,000 10,000,000 10,000,000 15,000,000 ( ) ( ) ( ) ( ) 15,000,000 30,000,000 30,000,000 50,000,000 50,000,000 100,000,000 100,000,000 17 17 17 17 2. 2015 12 31 / (A) (B) (C) ( ) (D) ( ) ABC D 23,417 25,337 1,421 1,421 41,963 41,963 5,787 5,787 0.88% 0.90% ( ) 2015 2015 2 2,000,000 2,000,000 5,000,000 5,000,000 10,000,000 10,000,000 15,000,000 15,000,000 30,000,000 30,000,000 50,000,000 50,000,000 100,000,000 100,000,000 6 6 2015 ANNUAL REPORT 21

Corporate Governance 3. 2015 12 31 / ( ) 13,436 13,436 0.16% ( ) ( ) ( ) ( ) 2015 2015 2 2015 3 2015 5 ( ) 1. 2015 ( ) 2014 ( ) 3.30% 0.88% 3.45% 0.90% 5.72% 1.02% 5.92% 1.04% 2015 8,238,993 2014 9,090,462 2. (1) (2) ( 42 ) (3) 22 2015 ANNUAL REPORT

Corporate Governance ( ) 7 A ( ) ( ) / ( ) 7 0 100% 2015 6 18 ( ) 7 0 100% 2015 6 18 ( ) 7 0 100% 2015 6 18 ( ) 7 0 100% 2015 6 18 ( ) 7 0 100% 2015 6 18 ( ) 7 0 100% 2015 6 18 ( ) 5 0 100% 2015 6 18 ( ) 5 0 100% 2015 6 18 ( ) 5 0 100% 2015 6 18 ( ) 5 0 100% 2015 6 18 ( ) 0 2 0% 2015 6 17 ( ) 2 0 100% 2015 6 17 ( ) 0 2 0% 2015 6 17 ( ) 2 0 100% 2015 6 17 7 0 100% 2015 6 18 7 0 100% 2015 6 18 7 0 100% 2015 6 18 14 3 2012 6 21 14 3 2015 3 18 2005 3 8 2005 6 14 2012 3 21 2012 12 19 2011 8 19 2012 6 21 2015 ANNUAL REPORT 23

Corporate Governance ( ) 7 A (%) / ( ) 7 100 2015 6 18 7 100 2015 6 18 7 100 2015 6 18 14 5 14 5 2015 2015 ( ) 2014 12 19 Team 24 2015 ANNUAL REPORT

Corporate Governance 1. 2. 13 2 CSR 1. 10 2. 1. 2015 2. 3. 4. 5. 6. www.7-11.com.tw 1. www.7-11.com.tw Team 2. 3. 2015 ANNUAL REPORT 25

Corporate Governance 1. 2. 2015 vs. 3 3 SGVUpdates on Philippine Practices on Corporate Governance & Enterprise Risk Management 4 18 3. 4. 5. 2015 MSCI MSCI "Best in class" 6. 2015 A++ 5% 7. Team 8. 9. 10. 2015 2012 04/24 vs. 3 10/23 3 08/07 3 11/24~11/25 ( ) 12 07/29 SGV & Co. Philippines Updates on Philippine Practices on Corporate Governance & Enterprise Risk Management 4 26 2015 ANNUAL REPORT

Corporate Governance 12/01 3 12/18 3 05/08 3 08/07 3 11/05 3 04/17 3 ( ) 1. 1 2 3 4 5 6 7 8 3 (1) (2) (3) (4) (5) (6) (7) (8) 30 2. (1) 3 (2) 2015 6 18 2018 6 17 3 ( ) ( ) (%)( / ) ( ) 3 0 100% 3 0 100% 3 0 100% 2015 6 18 2015 6 18 2015 6 18 ( ) 2015 ANNUAL REPORT 27

Corporate Governance ( ) CSR 2012 CSR CSR 5 2015 CSR CSR LED : (GHG Protocol) 28 2015 ANNUAL REPORT

Corporate Governance PCSC 2012 2015 28 63 Email ( ) Email 2013 2015 ANNUAL REPORT 29

Corporate Governance team CSR ( ISO 22000/ HACCP/CAS ) CSR 2013 2016 1. 2. 1. 2. 1. 2. TFDA 6 ( 48 ) TAF 3 ( ) 625 13 2015 1000 3. 2015 4. ( / / / / / ) 2015 12 1 5. 2015 ISO50001 www.7-11.com.tw 2014 2014 (GRI) 4.0 30 2015 ANNUAL REPORT

Corporate Governance ( ) 2014 12 19 2015 8 4 02-2747-8032 2015 8 1. 2. 02-2747-8032 2015 2015 12 2,072 99.6% 2015 ANNUAL REPORT 31

Corporate Governance 1. e-mail 2. 2015 12 85 3. 2014 12 19 2015 8 4 ( ) 7-ELEVEn ( ) 1. 81 2. ( ) ( ) 1. ( ) 2015 2015 2015 6 18 32 2015 ANNUAL REPORT

Corporate Governance (1) 2014 (2) 2014 2014 80 2,011 5,330 7.0 2015 9 4 7.0 (3) : (4) ( ) ( ) ( ) : 2015 7 13 (5) : 2. ( ( ) ( ) ( ) 2015 2016 ) 2015 7 (1) ( 2015 3 18 2014 2014 2014 2014 2015 2014 2015 2015 ( ) 2015 ( ) ( ) CSR 2015 ANNUAL REPORT 33

Corporate Governance ( ) 2015 (2) ( 2015 5 5 ) ( ) (3) ( 2015 6 18 ) 2014 (4) ( 2015 8 4 ) ( ) ( ) ( ) (5) ( 2015 11 5 ) 34 2015 ANNUAL REPORT

Corporate Governance ( 2015 12 10 ) 2016 2016 2016 2016 2016 ( 2016 3 16 ) 2015 2015 2015 2015 2015 2015 2016 2016 2016 ( ) ( ) 2015 2016 4 30 2015 ANNUAL REPORT 35

Corporate Governance ( ) 2015 1 2,000 2 2,000 4,000 3,495 3,495 3 4,000 6,000 4 6,000 8,000 5 8,000 10,000 6 10,000 11,827 11,827 11,827 3,495 15,322 11,827 3,495 3,495 2015 CSR ( ) 1. 2014.01.01 ( ) 2. 2014.01.01 3. ( ) 36 2015 ANNUAL REPORT

Corporate Governance ( ) 2015 4 30 ( ) 0 0 0 0 ( ) 120,000 0 160,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ( ) 0 0 0 0 ( ) 0 0 0 0 ( ) 0 0 0 0 0 0 0 0 / 0 0 0 0 / ( ) ( ) 0 0 0 0 ( ) 0 0 ( ) 0 0 ( ) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ( ) 0 0 0 0 ( ) 0 0 0 0 ( ) 0 0 0 0 ( ) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ( ) 0 0 0 0 ( ) 0 0 ( ) -9,000 0 0 0 0 0 0 0 0 0 ( ) 2015 6 ( ) 2015 6 2015 2 2015 3 2015 5 2016 1 2016 2 2015 3 ( ) ( ) 2015 ANNUAL REPORT 37

Corporate Governance 2016 4 30 ( ) ( ) 471,996,430 45.40% 0 0.00% 0 0.00% ( ) : 1,032,215 0.10% 1,014,315 0.10% 0 0.00% ( ) : 0 0.00% 0 0.00% 0 0.00% ( ) : 0 0.00% 0 0.00% 0 0.00% ( ) : 13,652 0.00% 0 0.00% 0 0.00% ( ) : 0 0.00% 0 0.00% 0 0.00% ( ) : 391 0.00% 0 0.00% 0 0.00% ( ) : 0 0.00% 0 0.00% 0 0.00% ( ) : 0 0.00% 0 0.00% 0 0.00% ( ) : 556 0.00% 737 0.00% 0 0.00% 21,486,608 2.07% 0 0.00% 0 0.00% FS 19,323,208 1.86% 0 0.00% 0 0.00% 18,334,162 1.76% 0 0.00% 0 0.00% 15,718,044 1.51% 0 0.00% 0 0.00% 13,682,000 1.32% 0 0.00% 0 0.00% 11,605,000 1.12% 0 0.00% 0 0.00% 9,569,000 0.92% 0 0.00% 0 0.00% 9,022,910 0.87% 0 0.00% 0 0.00% 8,899,647 0.86% 0 0.00% 0 0.00% 38 2015 ANNUAL REPORT

Corporate Governance : 2015 12 31 / % 138,899,066 100.00% 0 0.00% 138,899,066 100% 8,746,008 92.20% 740,000 7.80 9,486,008 100% ( ) 40,000,000 100.00% 0 0.00% 40,000,000 100% ( ) 10,000,000 100.00% 0 0.00% 10,000,000 100% ( ) 10,000 100.00% 0 0.00% 10,000 100% ( ) 2,500,000 100.00% 0 0.00% 2,500,000 100% ( ) 10,847,421 100.00% 0 0.00% 10,847,421 100% ( ) 6,511,963 100.00% 0 0.00% 6,511,963 100% ( ) 1,500,000 100.00% 0 0.00% 1,500,000 100% ( ) 20,000,000 100.00% 0 0.00% 20,000,000 100% ( ) 1,500,000 100.00% 0 0.00% 1,500,000 100% ( ) 12,244,390 100.00% 0 0.00% 12,244,390 100% 9,800 100.00% 0 0.00% 9,800 100% ( ) 32,500,000 100.00% 0 0.00% 32,500,000 100% ( ) 48,519,890 90.00% 1 0.00% 48,519,891 90.00% ( ) 24,382,921 86.76% 1 0.00% 24,382,922 86.76% ( ) 80 80.00% 1 1.00% 81 81.00% ( ) 55,858,815 80.87% 13,046,359 18.89% 68,905,174 99.76% ( ) 22,121,962 73.74% 1 0.00% 22,121,963 73.74% ( ) 103,496,399 70.00% 29,570,401 20.00% 133,066,800 90.00% ( ) 1,049,999 70.00% 1 0.00% 1,050,000 70.00% ( ) 27,999,999 70.00% 12,000,001 30.00% 40,000,000 100.00% ( ) 19,563,271 60.00% 6,521,091 20.00% 26,084,362 80.00% ( ) 25,714,475 86.00% 1 0.00% 25,714,476 86.00% ( ) 7,874,999 58.33% 1 0.00% 7,875,000 58.33% ( ) 10,199,999 51.00% 1 0.00% 10,200,000 51.00% ( ) 8,669,999 51.00% 1 0.00% 8,670,000 51.00% ( ) 9,999,999 50.03% 1 0.00% 10,000,000 50.03% ( ) 7,500,049 50.00% 1 0.00% 7,500,050 50.00% ( ) 1,833,333 36.67% 2,833,333 56.67% 4,666,666 93.33% ( ) 10,691,337 30.00% 7,127,558 20.00% 17,818,895 50.00% ( ) 6,429,999 25.00% 5,144,001 20.00% 11,574,000 45.00% ( ) 72,000,000 20.00% 108,000,000 30.00% 180,000,000 50.00% ( ) 19,930,000 19.93% 72,120,000 72.12% 92,050,000 92.05% ( ) 130,801,027 19.50% 137,511,893 20.50% 268,312,920 40.00% ( ) 263,387,500 19.00% 561,431,250 40.50% 824,818,750 59.50% ( ) 750,000 15.00% 0 0.00% 750,000 15.00% ( ) 44,100,000 3.33% 942,430,230 71.24% 986,530,230 74.57% ( ) 108,160 0.02% 89,574,848 16.56% 89,683,008 16.58% 2015 ANNUAL REPORT 39

( ) 1. / 2016 4 30 / 2002/07 10 900,000,000 9,000,000,000 772,031,899 7,720,318,990 2003/07 10 900,000,000 9,000,000,000 858,499,471 8,584,994,710 2004/08 10 960,000,000 9,600,000,000 915,160,436 9,151,604,360 2009/08 10 1,050,000,000 10,500,000,000 1,039,622,255 10,396,222,550 2002.07.19(91) ( ) 0910140565 2003.07.17(92) ( ) 0920132220 2004.7.20 0930132295 2009.7.16 0980035714 1987 6 100,000,000 2016 4 30 10,396,222,550 2. 1,039,622,255 10,377,745 1,050,000,000 ( ) 2016 4 30 / 0 0 165 17,525 975 18,665 0 0 580,159,010 34,236,050 425,227,195 1,039,622,255 0.00% 0.00% 55.81% 3.29% 40.90% 100% ( ) 2016 4 30 / 1 999 9,571 1,895,969 0.18% 1,000 5,000 7,013 13,125,425 1.26% 5,001 10,000 734 5,320,126 0.51% 10,001 15,000 256 3,163,614 0.30% 15,001 20,000 121 2,203,572 0.21% 20,001 30,000 165 4,091,409 0.39% 30,001 50,000 152 5,993,307 0.58% 50,001 100,000 186 13,648,726 1.31% 100,001 200,000 143 20,518,710 1.97% 200,001 400,000 111 31,580,614 3.04% 400,001 600,000 51 24,848,483 2.39% 600,001 800,000 23 15,565,257 1.50% 800,001 1,000,000 26 24,106,259 2.32% 1,000,001 113 873,560,784 84.03% 18,665 1,039,622,255 100% 40 2015 ANNUAL REPORT

Fund Raising ( ) 2016 4 30 471,996,430 45.40% 21,486,608 2.07% 19,323,208 1.86% 18,334,162 1.76% 15,718,044 1.51% 13,682,000 1.32% 11,605,000 1.12% 9,569,000 0.92% 9,022,910 0.87% 8,899,647 0.86% ( ) 2014 2015 2016 4 30 2015 2016 2016 2.35 ( ) 1. (1) 253 259 242 181 191.5 188 222.25 221.87 221.70 25.50 26.08 28.42 18.50 ( ) ( ) ( ) 1,039,622,255 1,039,622,255 1,039,622,255 ( ) 8.74 7.92 2.35( ) ( ) 8.74 ( ) 7.00 7.20 0 ( ) 0 ( ) 0 ( ) 25.43 28.01 31.75 ( ) 3.15% ( ) 235 1 2015 12 10 2016 2015 ANNUAL REPORT 41

Fund Raising (2) 3 50%~100% 2. 2016 2015 2016 3 16 2015 74 8,528 236 7.2 ( ) ( ) 1. 2. 2015 (1) 4 4,394 9,053 1 4,832 1,652 (2) 443,949 148,322 3. 2014 481,207 160,402 4. 5. 2014 4 8,120 6,920 1 6,040 2,307 42 2015 ANNUAL REPORT

Fund Raising 6. 2014 ( ) ( ) 16,252 16,252 ( ) ( ) : ( ) ( ) ( ) ( ) ( ) ( ) 2015 12 31 ( ) 2015 12 31 2015 ANNUAL REPORT 43

( ) 1. (1) F203020 (2) F206020 (3) F203010 (4) F208040 (5) F399990 (6) IZ01010 (7) F201070 (8) F209060 (9) JE01010 (10) IE01010 (11) I401010 (12) F207050 (13) F210010 (14) F210020 (15) F216010 (16) JZ99030 (17) F204110 (18) A102060 (19) F213010 (20) F208031 (21) F205040 (22) F207030 (23) F401010 (24) JA01010 (25) F214030 (26) G202010 (27) IZ14011 (28) JZ99050 (29) IZ99990 (30) F401161 (31) F401171 (32) ZZ99999 (33) F301010 (34) F301020 (35) F399010 (36) F501030 (37) F501060 (38) G902011 (39) I301010 (40) I301030 (41) F206010 (42) F212011 (43) F212050 (44) JA01990 (45) F212061 (46) I101090 (47) IZ09010 (48) J701020 (49) F102040 (50) F102170 (51) F106020 (52) I103060 (53) J304010 (54) J303010 ( ) (55) IZ12010 (56) JA03010 (57) F201010 (58) F501990 2. 2014 2015 130,407,662 65.06% 132,826,559 64.64% 57,525,919 28.70% 59,938,346 29.17% 2,323,032 1.16% 2,233,152 1.09% 10,181,766 5.08% 10,483,260 5.10% 200,438,379 100.00% 205,481,317 100.00% 2015 2013 IFRS 2014 44 2015 ANNUAL REPORT

Operating Highlights 3. ( ) ( ) 700 100 CITY CAFE CITY CAFE icash OPENPOINT OPENPOINT ibon ibon ibon APP 200 600 7-ELEVEn 7-ELEVEn ibon mart ( ) 1. 2015 10.6% 0.75% 2014 3.92% 3.17 2015 (CPI) 0.31%2015 3.78% 2014 3.96% 2. 2015 4 198 2014 0.31% 1 1,505 2014 3.98% 1,804 2014 7.89% 1,830 2014 4.08% 2 2015 0.31% ( ) 0.79% 3.13% 2.25%3C 2015 ANNUAL REPORT 45

Operating Highlights 2015 OK 5,028 2,972 1,286 862 10,148 3. 4. (1) (2) Know-how ( ) 1. ibon ibon APP 2. 7-ELEVEn MYDAY Gogoro 3. OPENPOINT 4. 5. Pi O2O 6. 7-11 APP 7-11 APP 7. 2015 149,711 46 2015 ANNUAL REPORT

Operating Highlights ( ) 1. (1) (2) (3) (4) 2. (1) (2) (3) (4) (5) ( ) 1. ( ) 2. 2015 49.6% 3. (1) (2) (3) (4) (5) IT Infra (6) (7) 2015 ANNUAL REPORT 47

Operating Highlights 4. / (1) (2) (3) ( ) 1. 2. ( ) ( ) ( ) 1. 2. (1) 2014 2015 2016 ( ) 13,987,629 10% ( ) 13,988,419 10% 137,779,532 100% 139,200,450 100% 34,844,146 100% 2015 2013 IFRS 2014 (2) ( ) 48 2015 ANNUAL REPORT

Operating Highlights ( ) 2014 2015 130,407,662 132,826,559 57,525,919 59,938,346 2,323,032 2,233,152 10,181,766 10,483,260 200,438,379 205,481,317 ( ) 2014 2015 2016 4 30 10,662 12,365 12,582 3,894 4,263 4,450 14,984 15,878 14,976 29,540 32,506 32,008 32 32 32.3 5.6 4.9 5.0 0.0% 0.04% 0.03% 8.21% 9.17% 8.49% 66.41% 66.88% 65.26% 22.51% 22.11% 23.86% 2.86% 1.81% 2.36% ( ) 1. 2. 2015 ANNUAL REPORT 49

Operating Highlights 2015 2,693 40,797 243,958 16,012 421 29,186 152,439 33,735 397 3,932.5 1597 185,242 356,430 3. 4. (1) (2) (3) ( ) ( ) (CSR) ( ) 2015 9 2 (1) 2 9 (2) 1 6 (3) 2 6 (4) 1 3 (5) 7 50 2015 ANNUAL REPORT

Operating Highlights ( ) 1. : ( )/ -PLA 16,376 279,424 295,800-401 1,477 1,066 T5 26,290 / 370 / 2,644 164,588 370 164,958 260,116 260,116 406 44,280 29,081 73,361 FCS 26,123 25,757 51,880 247.4 60.7 0.5 8.1 / 9.0 3,146 3,146 2,974 17,612 431 ( / / )429 15,025 15,025 1,270 104 83 5,046 52,437 53,707 251,367 666,626 917,993 2. 2015 431,600 3. 2015 ANNUAL REPORT 51

Operating Highlights ( ) 1. (1)104 1,477 3,545 17.8 / 214 / (2)104 401 33,684 52.6 / 631 / (3)104 406 44,280 2,030 (4)104 1,066 95,940 42.2 / 507 / (5)104 370 10,882 9.7 / 117 / (6)104 T5 26,290 20,538 12.4 / 149 / (7)104 / 2,644 6 294 2. 2015 25,772 ( ) (RoHS) (RoHS) ( ) 1. 2. (1) 1987 12 21 (76) 58459 52 2015 ANNUAL REPORT

Operating Highlights (2) (3) 2009, (4) 2010 5 2015 54 1,984 3. 4. (1) (2) (3) (4) 2015 48 (5) (6) 5. (1) 2014 6 1 15 ( ) 45 ( ) 2015 ANNUAL REPORT 53

Operating Highlights (2) (3) 2005 7 1 ( (1)) 6% ( ) 1. E-MAIL 2. (1) (2) (3) (4) (5) (6) (7) (8) 3. 4. 54 2015 ANNUAL REPORT

Operating Highlights 2016 04 30 7-ELEVEn,INC. 2000.07.20 ~ 1. 7-ELEVEn, INC. 7-ELEVEn 2. 7-ELEVEn, INC. 7-ELEVEn, INC. 2015.12.29~2017.12.29 3 2016.03.22~2018.03.22 3 2015.07.01~2017.06.30 1,200 2016.03.01~2017.02.28 7.7 2015.07.31~2018.07.31 6.9 2015.02.27~2017.02.27 10 2015.11.11~2017.11.10 3 2015.06.30~2017.06.30 12 2015.01.06~2017.01.06 10 2015.03.31~2020.03.31 20 2015 ANNUAL REPORT 55

( ) ( ) 2011 2012 2013 2014 ( ) 2015 23,838,586 25,197,126 26,242,755 28,671,817 9,210,594 9,118,823 9,735,711 8,953,551 395,969 465,268 451,139 356,179 22,935,410 22,637,051 22,777,068 23,425,548 56,380,559 57,418,268 59,206,673 61,407,095 29,849,885 27,872,628 27,664,928 29,156,110 34,892,053 34,110,362 34,942,284 5,693,976 5,805,764 5,029,271 5,137,299 35,543,861 33,678,392 32,694,199 34,293,409 40,586,029 39,916,126 39,971,555 10,396,223 10,396,223 10,396,223 10,396,223 910,278 890,234 7,031 7,733 9,153,181 11,886,156 15,400,786 16,117,194 4,111,013 5,648,422 8,123,430 377,016 567,263 708,434 592,536 20,836,698 23,739,876 26,512,474 27,113,686 15,794,530 17,502,142 19,235,118 5 ( ) 2015 2013 IFRS 2014 56 2015 ANNUAL REPORT

Financial Information ( ) ( ) 2011 2012 2013 2014 ( ) 2015 2016 3 31 45,145,793 46,451,616 47,066,566 49,022,957 50,060,573 21,375,351 21,542,772 22,107,291 22,339,376 22,233,447 1,395,529 1,205,388 1,197,505 1,150,914 1,139,864 14,299,511 14,298,192 15,472,864 16,869,465 16,876,389 82,216,184 83,497,968 85,844,226 89,382,712 90,310,273 49,252,124 47,136,578 47,334,489 49,685,820 47,531,678 54,294,292 53,374,312 54,611,845 8,812,427 8,862,950 8,216,760 8,605,390 9,027,921 58,064,551 55,999,528 55,551,249 58,291,210 56,559,599 63,106,719 62,237,262 62,828,605 20,836,698 23,739,876 26,512,474 27,113,686 29,548,178 10,396,223 10,396,223 10,396,223 10,396,223 10,396,223 910,278 890,234 7,031 7,733 7,733 9,153,181 11,886,156 15,400,786 16,117,194 18,564,440 4,111,013 5,648,422 8,123,430 377,016 567,263 708,434 592,536 579,782 3,314,935 3,758,564 3,780,503 3,977,816 4,202,496 24,151,633 27,498,440 30,292,977 31,091,502 33,750,674 19,109,465 21,260,706 23,015,621 5 ( ) 2015 2013 IFRS 2014 2016 2015 ANNUAL REPORT 57

Financial Information ( ) - 2011 2012 21,581,358 23,703,570 19,635,754 20,870,339 8,540,837 9,210,594 222,356 395,969 2,298,263 2,396,992 52,278,568 56,577,464 25,496,055 29,330,748 30,486,241 34,372,916 3,400,000 1,200,000 2,688,204 3,136,306 31,584,259 33,667,054 36,574,445 38,709,222 10,396,222 10,396,222 5,082 5,082 11,061,826 12,847,558 6,071,640 7,805,390 49,917 48,553-634,091 488,133-51,876-256,925-132,771-618,213 20,694,309 22,910,410 15,704,123 17,868,242 ( ) ( )- 2011 2012 41,184,876 45,131,133 9,515,634 9,328,594 18,763,844 21,435,776 1,141,578 1,493,434 3,767,727 3,823,803 74,373,659 81,212,740 42,845,923 48,173,129 47,836,109 53,215,297 3,958,774 2,263,568 3,345,158 4,141,739 50,149,855 54,578,436 55,140,041 59,620,604 10,396,222 10,396,222 5,082 5,082 11,061,826 12,847,558 6,071,640 7,805,390 49,917 48,553-634,091 488,133-51,876-256,925-132,771-618,213 20,694,309 22,910,410 3,529,495 3,723,894 24,223,804 26,634,304 19,233,618 21,592,136 58 2015 ANNUAL REPORT

Financial Information ( ) ( ) 2011 2012 2013 2014 ( ) 2015 124,760,009 126,998,794 131,330,857 133,407,688 39,779,492 41,082,720 43,179,892 45,109,265 5,955,560 6,293,799 6,300,851 6,412,115 973,653 2,835,388 4,011,268 3,154,631 6,929,213 9,129,187 10,312,119 9,566,746 5,915,636 8,036,752 9,090,462 8,238,993 5,915,636 8,036,752 9,090,462 8,238,993 353,437-71,362-59,319-361,127 6,269,073 7,965,390 9,031,143 7,877,866 5.69 7.73 8.74 7.92 5 ( ) 2015 2013 IFRS 2014 ( ) ( ) 2011 2012 2013 2014 ( ) 2015 2016 3 31 ( ) 192,602,970 200,610,839 200,438,379 205,481,317 51,519,542 63,214,670 63,422,059 62,658,847 66,280,867 16,675,396 8,767,877 10,196,565 9,504,879 9,609,813 2,518,421-161,693 1,096,231 2,843,845 2,071,990 742,088 8,606,184 11,292,796 12,348,724 11,681,803 3,260,509 6,756,260 9,242,293 10,248,160 9,442,454 2,743,265 6,756,260 9,242,293 10,248,160 9,442,454 2,743,265 159,437-72,378-60,289-437,305-12,754 6,915,697 9,169,915 10,187,871 9,005,149 2,730,511 5,915,636 8,036,752 9,090,462 8,238,993 2,447,246 840,624 1,205,541 1,157,698 1,203,461 296,019 6,269,073 7,965,390 9,031,143 7,877,866 2,434,492 646,624 1,204,525 1,156,728 1,127,283 296,019 5.69 7.73 8.74 7.92 2.35 5 ( ) 2015 2013 IFRS 2014 2016 2015 ANNUAL REPORT 59

Financial Information ( ) - 2011 2012 $122,712,725 $134,569,525 38,275,309 39,408,208 6,074,940 5,785,988 2,285,947 3,159,156-930,422-1,165,195 7,430,465 7,779,949 6,352,410 6,789,362 6,352,410 6,789,362 ( ) 6.11 6.53 ( ) ( )- 2011 2012 189,251,568 208,263,975 60,367,967 63,219,746 8,919,750 8,727,160 1,309,675 2,541,845-1,267,767-1,795,277 8,961,658 9,473,728 7,158,919 7,623,507 6,352,410 6,789,362 ( ) 6.11 6.53 60 2015 ANNUAL REPORT

Financial Information ( ) 2011 2012 2013 2014 2015 2016 2016 ( ) 2011 2012 2014 2015 ANNUAL REPORT 61

Financial Information ( ) ( ) ( ) 2011 2012 2013 2014 2015 (%) 63.04 58.65 55.22 55.85 (%) 288.05 324.01 324.02 360.20 (%) 79.86 90.40 94.86 98.34 (%) 62.61 71.73 74.26 76.67 224.09 291.62 366.70 282.36 ( )( ) ( ) ( ) 19.71 17.53 17.07 15.19 ( ) 6.77 6.73 7.28 7.03 18.57 20.82 21.39 24.03 ( ) 13.55 13.93 13.49 14.28 ( ) 2.21 2.21 2.22 2.21 (%) 10.95 14.17 15.62 13.71 (%) 29.95 36.06 36.16 30.73 (%) 66.65 87.81 99.14 92.02 (%) 4.74 6.33 6.92 6.18 ( ) 5.69 7.73 8.74 7.92 (%) 45.09 24.75 34.81 39.63 (%) 153.99 148.10 130.06 126.93 (%)( ) 23.04 4.69 8.02 9.86 1.86 1.86 1.98 1.96 1.01 1.01 1.00 1.01 5 ( ) 64 : 2015 62 2015 ANNUAL REPORT

Financial Information ( ) ( ) ( ) 2011 2012 2013 2014 2015 2016 3 31 ( ) (%) 70.62 67.07 65.50 65.22 62.63 (%) 154.22 168.79 168.60 177.70 192.41 (%) 91.66 98.55 99.11 98.67 105.32 (%) 67.88 74.54 73.98 72.96 80.73 75.66 95.30 123.87 110.05 117.07 ( )( ) ( ) ( ) 12.28 13.20 13.31 12.47 3.20 ( ) 6.34 6.65 6.84 6.81 1.71 29.81 27.65 27.42 29.27 28.43 ( ) 9.01 9.31 9.07 9.25 2.31 ( ) 2.34 2.40 2.37 2.35 0.57 (%) 8.71 11.27 12.05 10.88 3.08 (%) 29.34 35.79 35.44 30.76 8.46 (%) 82.78 108.62 121.29 112.37 31.36 (%) 3.51 4.61 4.92 4.60 5.32 ( ) 5.69 7.73 8.74 7.92 2.35 (%) 34.62 27.95 32.86 32.92 14.50 (%) 129.36 136.76 131.32 121.06 128.32 (%) 22.71 14.09 16.06 12.98 10.21 2.28 2.09 2.27 2.24 2.1 1.01 1.01 1.01 1.01 1.01 5 ( ) 2016 64 2015 ANNUAL REPORT 63

Financial Information (1) (2) (1) (2) (3) (1) ( ) ( ) (2) 365 (3) (4) ( ) ( ) (5) 365 (6) (7) (1) (2) (3) (4) (1) (2) ( ) (3) ( ) ( ) (1) ( ) (2) ( ) ( ) - 2011 2012 (%) 60.42 59.51 (%) 282.11 261.77 (%) 84.65 80.81 (%) 69.78 63.26 232.59 251.47 ( )( ) ( ) ( ) 25.62 22.07 ( ) 7.81 7.58 14 17 ( ) 14.37 14.61 ( ) 2.35 2.38 (%) 12.56 12.52 (%) 31.06 31.14 58.43 55.65 (%) 71.47 74.83 (%) 5.18 5.05 ( ) 6.11 6.53 (%) 59.10 45.92 (%) 145.51 153.97 (%) 25.37 21.39 1.80 1.85 1.01 1.01 65 64 2015 ANNUAL REPORT

Financial Information ( ) ( )- 2011 2012 (%) 67.43 67.20 (%) 150.20 134.81 (%) 96.12 93.69 (%) 69.26 69.33 94.93 83.19 ( )( ) ( ) ( ) 13.07 13.76 ( ) 6.99 7.11 27.94 26.59 ( ) 10.09 9.72 ( ) 2.54 2.56 (%) 10.09 9.92 (%) 30.07 29.98 85.80 83.95 (%) 86.20 91.13 (%) 3.78 3.66 ( ) 6.11 6.53 (%) 42.70 35.26 (%) 118.19 130.54 (%) 24.44 21.74 2.24 2.29 1.01 1.01 (1) (2) (1) (2) (3) (1) ( ) ( ) (2) 365 (3) (4) ( ) ( ) (5) 365 (6) (7) (1) (2) (3) (4) (1) (2) ( ) (3) ( ) ( ) (1) ( ) (2) ( ) 2015 ANNUAL REPORT 65

Financial Information 82 83 ~133 134 ~ 170 66 2015 ANNUAL REPORT

( ) 2014 ( ) 2015 ( ) $47,066,566 $49,022,957 1,956,391 4.16% 22,107,291 22,339,376 232,085 1.05% 1,197,505 1,150,914-46,591-3.89% 15,472,864 16,869,465 1,396,601 9.03% 85,844,226 89,382,712 3,538,486 4.12% 47,334,489 49,685,820 2,351,331 4.97% 8,216,760 8,605,390 388,630 4.73% 55,551,249 58,291,210 2,739,961 4.93% 10,396,223 10,396,223 0.00% 7,031 7,733 702 9.98% 15,400,786 16,117,194 716,408 4.65% 26,512,474 27,113,686 601,212 2.27% 30,292,977 31,091,502 798,525 2.64% 2015 2013 IFRS 2014 1. 2. 3. ( ) 2014 ( ) 2015 ( ) $200,438,379 $205,481,317 $5,042,938 2.52% 62,658,847 66,280,867 3,622,020 5.78% 9,504,879 9,609,813 104,934 1.10% 2,843,845 2,071,990-771,855-27.14% 12,348,724 11,681,803-666,921-5.40% 10,248,160 9,442,454-805,706-7.86% 60,289-437,305-377,016-625.35% 10,187,871 9,005,149-1,182,722-11.61% 9,090,462 8,238,993-851,469-9.37% 9,031,143 7,877,866-1,153,277-12.77% 2015 2013 IFRS 2014 1. (1) (2) 2. 2015 ANNUAL REPORT 67

Financial Status, Operating Results and Risk Management ( ) 21,450,797 16,356,547 (14,817,030) 22,990,314 1. 163.6 2. 74 3. 74.1 ( ) ( ) 22,990,314 17,606,499 (15,957,953) 24,638,860 1. 2016 2. 3. ( ) 1. 7-11 2013 2014 2015 2016 2017 6,161,078 1,564,651 1,119,643 1,216,830 1,033,137 1,033,137 P.O.S. 517,117 517,117 0 0 0 0 1,942,271 270,105 406,040 693,550 294,408 294,408 / 3,675,682 764,630 882,175 620,588 690,239 690,239 2. 2015 2016 2017 5,004,235 1,448,321 1,755,059 1,800,855 1,023,538 355,561 350,410 317,567 2,710,691 591,305 1,130,216 989,170 ( P.O.S. ) 2,008,784 443,696 1,165,749 399,339 1,961,603 796,010 519,356 646,237 ( ) 1,529,930 532,587 309,583 687,760 68 2015 ANNUAL REPORT

Financial Status, Operating Results and Risk Management ( ) 1. 2016 ( ) 3,206,209 1,031,117 2017 ( ) 3,302,395 1,065,237 2018 ( ) 3,401,467 1,100,485 2019 ( ) 3,503,511 1,136,900 2020 ( ) 3,608,617 1,174,520 2. ( ) 2015 8,874 7-ELEVEn 1,602 1,200 ( ) ( ) 2015 2015 ( ) ( 1) 315,125 ( ) 870,200 ( 1) 307,797 ( 1) 301,207 1 ( ) 2016 ( ) ( ) ( ) 2016 0.81 1.75 8.32 2015 ANNUAL REPORT 69

Financial Status, Operating Results and Risk Management ( ) 1. 2. 3. 4. ( ) 1. (1) 2016 GDP 1.47% (2) (3) 2015 (CPI) -0.31% 2016 (CPI) 0.69% 70 2015 ANNUAL REPORT

Financial Status, Operating Results and Risk Management 2. (1) (2) a. b. c. (3) a. b. 3. (1) (2) 2015 ANNUAL REPORT 71

Financial Status, Operating Results and Risk Management (3) 2016 7,192 CRM 708 2016/12 533 2016/12 ibon 2,480 2016/07 1,175 2016/12 O2O 1,090 2016/12 1,206 2016/12 O2O 4. (1) (2) 2011 3 2011 6 2011 3 2012 6 2013 2014 2015 5. (1) (2) 7-11 (3) 72 2015 ANNUAL REPORT

Financial Status, Operating Results and Risk Management 6. 2015 A++ 5% MSCI 7. 8. 9. 10. 11. 12. 13. 2015 ANNUAL REPORT 73

2015 171 ~ 182 2015 184 ~ 186 74

2014 2015 (%) 4.80% 4.81% (%) 6.92% 6.18% ( ) 8.74 7.92 (%) 36.16% 30.73% ( ) 17.07 15.19 ( ) ( ) ( 100%) ( ) 1. (1) (2) 2. (1) (2) (3) 3. (1) (2) 4. / (1) 20% (2) 2015 ANNUAL REPORT 75

SupplementaryDisclosures (3) (4) (5) (6) (7) (8) 1. 2. ( ) CIA1 (CISA)1 (PMP)1 : 13 : 3 4 :1 (ISO 223001 LA) (TPIPAS) 1 TPIPAS 2 TPIPAS 2 ( ) 2015 10 30 76 2015 ANNUAL REPORT

078 080 081 082 083 134 171 184 1 2 3 4 5 6 7 8 2015 ANNUAL REPORT 77

( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Uni-President (Vietnam) Co.,Ltd.Uni-President (Thailand) Ltd.Uni-President (Philippines) Corp. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Cayman President Holdings Ltd.Kai Yu(BVI) Investment Co.,LtdPresident Packaging Holdings Ltd.Uni-President Southeast Asia Holdings Ltd.PT ABC President IndonesiaPresident Energy Development (Cayman Islands) Ltd. Uni-President Asia Holdings Ltd. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) AndroSciences Corp. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Tanvex Biologics, Inc. Uni-Home Tech Corp.President Life Sciences Cayman Co., Ltd.President (BVI) International Investment Holdings Ltd.President Energy Development (Cayman Islands) Ltd. ( ) ( ) ( ) ( ) ( ) ( ) President Global Corp. ( ) ( ) PT. Uni President Indonesia ( ) ( ) ( ) ( ) Uni-President (Vietnam) Co.,Ltd.Uni-President (Thailand) Ltd.Uni-President Marketing Co., Ltd.PT. ABC President Indonesia 78 2015 ANNUAL REPORT

2015 12 31 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Philippine Seven Corp. ( ) ( ) ( ) ( ) ( ) ( ) ( ) President Energy Development (Cayman Islands) Ltd.Uni-President (Vietnam) Co.,Ltd.Uni-President (Thailand) Ltd. ( ) ( ) Uni-President Foodstuff (BVI) Holdings Ltd. ( ) ( ) ( ) ( ) Uni-President (Thailand) Ltd.Uni- President (Philippines) Corp. ( ) ( ) ( ) ( ) Uni-President (Vietnam) Co.,Ltd. ( ) President International Trade & Investment Corp. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Philippine Seven Corp. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 2015 ANNUAL REPORT 79

2015 12 31 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Philippine Seven Corp. ( ) ( ) ( ) ( ) ( ) ( ) Philippine Seven Corp. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Philippine Seven Corp. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Philippine Seven Corp. ( ) ( ) ( ) ( ) Philippine Seven Corp. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 80 2015 ANNUAL REPORT

104 105 03 16 ( 1. 2. 3. 4. 5. 104 12 31 105 3 16 13 0 2015 ANNUAL REPORT 81

82 2015 ANNUAL REPORT

104 104 1 1 104 12 31 105 3 16 2015 ANNUAL REPORT 83

(105) 15001976 104 103 12 31 104 103 1 1 12 31 104 12 31 103 12 31 6,800,620 5,718,426 7.6% 6.7% 104 103 17,924,596 13,281,897 8.7% 6.6% 104 103 104 12 31 103 12 31 5,078,101 5,021,414 5.7% 5.8% 104 103 ( ) 218,314 178,207 2.4% 1.7% 104 103 12 31 104 103 1 1 12 31 104 103 ( ) 104 2013 11 19 0960042326 (88) ( ) 95577 105 3 16 84 2015 ANNUAL REPORT

104 103 12 31 104 12 31 ( ) 103 12 31 ( ) 103 1 1 % % % 1100 ( ) $ 22,990,314 26 $ 21,450,797 25 $ 20,235,519 25 1110 ( ) 5,620,386 6 6,535,463 8 6,931,752 8 1170 ( ) 4,294,865 5 4,148,471 5 3,703,554 5 1200 1,336,252 2 1,655,895 2 1,216,761 2 1220 ( ) 6,322-314 - 15,999-130X ( ) 11,550,553 13 10,772,538 13 9,997,474 12 1410 1,223,826 1 1,246,060 1 1,068,499 1 1460 - - - - 1,171,130 1 1470 2,000,439 2 1,257,028 1 652,368 1 11XX 49,022,957 55 47,066,566 55 44,993,056 55 1523 ( ) 923,129 1 998,108 1 865,199 1 1543 ( ) 27,526-35,776-44,619-1550 ( ) 10,598,635 12 9,409,409 11 9,074,072 11 1600 ( )( ) 22,339,376 25 22,107,291 26 20,919,547 26 1760 ( ) 1,416,269 2 1,202,969 2 1,157,525 1 1780 ( )( ) 1,150,914 1 1,197,505 1 1,204,122 2 1840 ( ) 1,149,951 1 1,008,370 1 934,410 1 1900 ( ) 2,753,955 3 2,818,232 3 2,747,696 3 15XX 40,359,755 45 38,777,660 45 36,947,190 45 1XXX $ 89,382,712 100 $ 85,844,226 100 $ 81,940,246 100 2100 ( ) $ 2,454,299 3 $ 1,655,957 2 $ 1,873,785 2 2110 395,000-400,000 1 305,000-2150 1,146,992 1 1,207,585 1 1,617,869 2 2170 16,933,015 19 17,121,262 20 15,938,451 19 2180 2,276,068 3 2,176,607 3 2,146,201 3 2200 ( ) 21,528,252 24 19,927,493 23 18,868,123 23 2230 ( ) 1,190,288 1 1,214,705 1 852,579 1 2260 - - - - 414,531 1 2300 ( ) 3,761,906 4 3,630,880 4 3,686,560 5 21XX 49,685,820 55 47,334,489 55 45,703,099 56 2540 ( ) 664,911 1 930,041 1 1,826,385 2 2570 ( ) 38,195-42,043-31,293-2600 ( )( ) 7,902,284 9 7,244,676 9 6,886,819 8 25XX 8,605,390 10 8,216,760 10 8,744,497 10 2XXX 58,291,210 65 55,551,249 65 54,447,596 66 ( ) 3110 10,396,223 12 10,396,223 12 10,396,223 13 ( ) 3200 7,733-7,031-890,234 1 ( ) 3310 7,384,165 8 6,493,041 8 5,931,412 7 3320 - - - - 338,453-3350 8,733,029 10 8,907,745 10 5,612,191 7 ( ) 3400 592,536-708,434 1 567,263 1 31XX 27,113,686 30 26,512,474 31 23,735,776 29 36XX 3,977,816 5 3,780,503 4 3,756,874 5 3XXX 31,091,502 35 30,292,977 35 27,492,650 34 3X2X $ 89,382,712 100 $ 85,844,226 100 $ 81,940,246 100 105 3 16 2015 ANNUAL REPORT 85

104 103 1 1 12 31 ( ) ( ) 104 103 % % 4000 ( ) $ 205,481,317 100 $ 200,438,379 100 5000 ( ) ( 139,200,450 ) ( 68 ) ( 137,779,532 ) ( 69 ) 5900 66,280,867 32 62,658,847 31 ( )( ) 6100 ( 48,241,396 ) ( 23 ) ( 45,474,523 ) ( 23 ) 6200 ( 8,429,658 ) ( 4 ) ( 7,679,445 ) ( 4 ) 6000 ( 56,671,054 ) ( 27 ) ( 53,153,968 ) ( 27 ) 6900 9,609,813 5 9,504,879 4 7010 ( ) 1,751,552 1 1,606,351 1 7020 ( ) ( 817,748 ) ( 1 ) 461,007-7050 ( )( ) ( 107,121 ) - ( 99,830 ) - 7060 ( ) 1,245,307 1 876,317-7000 2,071,990 1 2,843,845 1 7900 11,681,803 6 12,348,724 5 7950 ( ) ( 2,239,349 ) ( 1 ) ( 2,100,564 ) ( 1 ) 8000 9,442,454 5 10,248,160 4 8200 $ 9,442,454 5 $ 10,248,160 4 ( ) 8311 ( $ 359,692 ) - ( $ 238,827 ) - 8320 - ( 16,749 ) - ( 5,884 ) - 8349 56,535-39,236-8310 ( 319,906 ) - ( 205,475 ) - 8361 ( ) ( 16,434 ) - 189,485-8362 ( ) ( 74,866 ) - ( 66,394 ) - 8370 - ( 19,400 ) - 17,163-8399 ( )( ) ( 6,699 ) - 4,932-8360 ( 117,399 ) - 145,186-8300 ( ) ( $ 437,305 ) - ( $ 60,289 ) - 8500 $ 9,005,149 5 $ 10,187,871 4 8610 $ 8,238,993 4 $ 9,090,462 3 8620 1,203,461 1 1,157,698 1 $ 9,442,454 5 $ 10,248,160 4 8710 $ 7,877,866 4 $ 9,031,143 3 8720 1,127,283 1 1,156,728 1 $ 9,005,149 5 $ 10,187,871 4 ( ) 9750 $ 7.92 $ 8.74 9850 $ 7.90 $ 8.72 105 3 16 86 2015 ANNUAL REPORT

104 103 1 1 12 31 103 ( ) 103 1 1 $ 10,396,223 $ 890,234 $ 5,931,412 $ 338,453 $ 5,616,291 $ 17,945 $ 549,318 $ 23,739,876 $ 3,758,564 $ 27,498,440 - - - - ( 4,100 ) - - ( 4,100 ) ( 1,690 ) ( 5,790 ) 103 1 1 10,396,223 890,234 5,931,412 338,453 5,612,191 17,945 549,318 23,735,776 3,756,874 27,492,650 - - 561,629 - ( 561,629 ) - - - - - - - - ( 338,453 ) 338,453 - - - - - - ( 883,679 ) - - ( 5,354,055 ) - - ( 6,237,734 ) - ( 6,237,734 ) - - - - ( 16,904 ) - - ( 16,904 ) - ( 16,904 ) - 476 - - ( 283 ) - - 193-193 103 - - - - 9,090,462 - - 9,090,462 1,157,698 10,248,160 ( ) - - - - ( 200,490 ) 198,402 ( 57,231 ) ( 59,319 ) ( 970 ) ( 60,289 ) - - - - - - - - ( 1,133,099 ) ( 1,133,099 ) 103 12 31 $ 10,396,223 $ 7,031 $ 6,493,041 $ - $ 8,907,745 $ 216,347 $ 492,087 $ 26,512,474 $ 3,780,503 $ 30,292,977 104 104 1 1 $ 10,396,223 $ 7,031 $ 6,493,041 $ - $ 8,907,745 $ 216,347 $ 492,087 $ 26,512,474 $ 3,780,503 $ 30,292,977 - - 891,124 - ( 891,124 ) - - - - - - - - - ( 7,277,356 ) - - ( 7,277,356 ) - ( 7,277,356 ) - 702 - - - - - 702-702 104 - - - - 8,238,993 - - 8,238,993 1,203,461 9,442,454 ( ) - - - - ( 245,229 ) ( 7,021 ) ( 108,877 ) ( 361,127 ) ( 76,178 ) ( 437,305 ) - - - - - - - - ( 929,970 ) ( 929,970 ) 104 12 31 $ 10,396,223 $ 7,733 $ 7,384,165 $ - $ 8,733,029 $ 209,326 $ 383,210 $ 27,113,686 $ 3,977,816 $ 31,091,502 105 3 16 2015 ANNUAL REPORT 87

104 103 1 1 12 31 104 ( ) 103 $ 11,681,803 $ 12,348,724 ( ) ( 2,223 ) ( 87 ) ( ) 12,498 2,976 ( ) 5,069,564 4,739,664 377,064 354,562 ( ) 14,757 15,506 107,121 99,830 ( ) ( 1,245,307 ) ( 876,317 ) ( ) 2,055 ( 1,028,508 ) 5,705-75,984 49,426 ( ) ( 171,709 ) ( 158,410 ) ( ) ( 45,949 ) ( 40,017 ) ( ) 289,691 116,118 ( ) 14,485 91,651 ( )( ) - 100,000-4,279 ( ) 152,199 31,722 / 917,300 396,376 ( 23,214 ) ( 461,010 ) 329,712 ( 426,281 ) ( 778,015 ) ( 775,064 ) 63,278 ( 177,561 ) ( 743,411 ) ( 604,660 ) ( 60,593 ) ( 410,284 ) ( 88,786 ) 1,213,217 1,746,582 809,379 167,066 149,605 ( 18,638 ) ( 55,124 ) 17,849,019 15,509,712 165,282 158,674 ( 2,351,356 ) ( 1,762,268 ) ( 106,135 ) ( 99,829 ) 799,737 686,098 16,356,547 14,492,387 88 2015 ANNUAL REPORT

104 103 1 1 12 31 104 ( ) 103 $ 16,800 $ 4,667 13,130 1,450,000 ( 870,200 ) ( 138,300 ) 29,841 - ( ) ( 6,363,925 ) ( 6,090,022 ) 359,883 180,269 218 218 - ( 199,521 ) ( 68,670 ) ( 187,041 ) ( 151,317 ) ( 293,650 ) - ( 363,796 ) ( 137,637 ) ( 7,398,036 ) ( 5,411,017 ) ( ) 798,342 ( 217,828 ) ( ) ( 5,000 ) 95,000 185,988 452,380 ( 517,772 ) ( 1,595,520 ) 284,002 173,308 ( 13,373 ) - 63,166 846 ( 146,282 ) 29,093 - ( 7,277,356 ) ( 6,237,734 ) - ( 783,688 ) ( 764,039 ) ( 7,411,973 ) ( 8,064,494 ) ( 7,021 ) 198,402 1,539,517 1,215,278 21,450,797 20,235,519 $ 22,990,314 $ 21,450,797 104 3 16 2015 ANNUAL REPORT 89

104 103 ( ) ( ) ( ) 76 6 10 ( ) 86 8 22 ( ) 45.4% 105 3 16 ( ) ( ) 103 4 3 1030010325 104 2013 ( 9 ) 104 ( 2013 IFRSs) 2013 IFRSs 1. 19 ( ) 7. 2. 11 31 7. 3. 1 4. 12 90 2015 ANNUAL REPORT

5. 13 6. 28 11 7. 7. 2013 IFRSs 2010 2013 IFRSs IFRSs 103 1 1 $ 21,008,243 ($ 772,724 ) $ 20,235,519 (2) 21,542,772 ( 623,225 ) 20,919,547 (2) 7,837,184 1,236,888 9,074,072 (2) 33,109,769 ( 1,398,661 ) 31,711,108 (1)(2) $ 83,497,968 ($ 1,557,722 ) $ 81,940,246 ( ) $ 18,520,029 ($ 435,377 ) $ 18,084,652 (2) 19,460,674 ( 592,551 ) 18,868,123 (2) 18,018,825 ( 524,004 ) 17,494,821 (1)(2) 55,999,528 ( 1,551,932 ) 54,447,596 10,396,223-10,396,223 890,234-890,234 11,886,156 ( 4,100 ) 11,882,056 (1) 567,263-567,263 3,758,564 ( 1,690 ) 3,756,874 (1) 27,498,440 ( 5,790 ) 27,492,650 $ 83,497,968 ($ 1,557,722 ) $ 81,940,246 2015 ANNUAL REPORT 91

2010 2013 IFRSs IFRSs 103 12 31 $ 22,369,629 ($ 918,832 ) $ 21,450,797 (2) 22,934,321 ( 827,030 ) 22,107,291 (2) 7,757,089 1,652,320 9,409,409 (2) 34,768,334 ( 1,891,605 ) 32,876,729 (1)(2) $ 87,829,373 ($ 1,985,147 ) $ 85,844,226 ( ) $ 19,870,593 ($ 572,724 ) $ 19,297,869 (2) 20,764,656 ( 837,163 ) 19,927,493 (2) 16,896,215 ( 570,328 ) 16,325,887 (1)(2) 57,531,464 ( 1,980,215 ) 55,551,249 10,396,223-10,396,223 7,031-7,031 15,404,280 ( 3,494 ) 15,400,786 (1) 708,434-708,434 3,781,941 ( 1,438 ) 3,780,503 (1) 30,297,909 ( 4,932 ) 30,292,977 $ 87,829,373 ($ 1,985,147 ) $ 85,844,226 2010 2013 IFRSs ( ) IFRSs 104 12 31 $ 22,990,314 $ - $ 22,990,314 (2) 22,339,376-22,339,376 (2) 10,598,635-10,598,635 (2) 33,453,376 1,011 33,454,387 (1)(2) $ 89,381,701 $ 1,011 $ 89,382,712 ( ) $ 19,209,083 $ - $ 19,209,083 (2) 21,528,252-21,528,252 (2) 17,547,932 5,943 17,553,875 (1)(2) 58,285,267 5,943 58,291,210 10,396,223-10,396,223 7,733-7,733 16,120,688 ( 3,494 ) 16,117,194 (1) 592,536-592,536 3,979,254 ( 1,438 ) 3,977,816 (1) 31,096,434 ( 4,932 ) 31,091,502 $ 89,381,701 $ 1,011 $ 89,382,712 104 12 31 104 2013 IFRSs 11 C (C1B) 92 2015 ANNUAL REPORT

2010 2013 IFRSs IFRSs 103 $ 207,989,021 ($ 7,550,642 ) $ 200,438,379 (2) ( 141,050,853 ) 3,271,321 ( 137,779,532 ) (2) ( 56,340,888 ) 3,186,920 ( 53,153,968 ) (2) 2,012,496 831,349 2,843,845 (2) 12,609,776 ( 261,052 ) 12,348,724 ( 2,367,021 ) 266,457 ( 2,100,564 ) (2) 10,242,755 5,405 10,248,160 ( ( 55,742 ) ( 4,547 ) ( 60,289 ) $ 10,187,013 $ 858 $ 10,187,871 $ 8.74 $ - $ 8.74 $ 8.72 $ - $ 8.72 (1) 103 1 1 103 12 31 $1,185 $1,011 $6,975 $5,943 $4,100 $3,494 $1,690 $1,438 103 $6,501 $1,096 $4,547 (2) ( ) 103 1 1 103 12 31 103 ( ) ( ) 2015 ANNUAL REPORT 93

( ) 2013 / / 9 10 28 10 12 28 11 14 15 16 1 7 12 16 38 16 41 19 27 36 39 21 107 1 1 105 1 1 105 1 1 105 1 1 107 1 1 108 1 1 105 1 1 106 1 1 106 1 1 105 1 1 105 1 1 103 7 1 105 1 1 103 1 1 103 1 1 103 1 1 2010-2012 103 7 1 2011-2013 103 7 1 2012-2014 105 1 1 ( ) ( IFRSs) ( ) 1. (1) (2) (3) 2. ( IFRSs) 94 2015 ANNUAL REPORT

( ) 1. (1) (2) (3) (4) (5) 2. 104 12 31 103 12 31 103 1 1 ( BVI) 100.00 100.00 100.00 92.20 92.20 100.00 (1) ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 90.00 90.00 90.00 ( ) 86.76 86.76 86.76 ( ) 86.00 86.00 86.00 ( ) 80.00 81.00 81.00 ( ) 80.87 80.87 80.87 ( ) 73.74 73.74 73.74 2015 ANNUAL REPORT 95

104 12 31 103 12 31 103 1 1 ( ) 70.00 70.00 70.00 ( ) 70.00 70.00 70.00 ( ) 70.00 70.00 70.00 ( ) 60.00 60.00 60.00 ( ) 58.33 58.33 58.33 ( ) 51.00 51.00 51.00 51.00 51.00 51.00 ( ) 50.03 50.03 50.03 ( ) - - 51.00 (2) ( ) 25.00 25.00 25.00 (3) BVI ( ) 100.00 100.00 100.00 BVI ( ) 100.00 100.00 100.00 BVI PCSC (Vietnam) Supermarket Ltd. - 51.00 51.00 (4) BVI Presiclerc Limited( ) 100.00 98.31 98.13 ( ) ( ) 100.00 100.00 65.00 ( ) 20.00 20.00 20.00 ( ) 60.00 60.00 60.00 25.00 25.00 25.00 ( ) 100.00 100.00 100.00 ( ) 51.00 51.00 51.00 49.00 49.00 49.00 6.00 6.00 6.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) ( BVI) 100.00 100.00 100.00 BVI ( ) 100.00 100.00 100.00 100.00 100.00 100.00 60.00 60.00 60.00 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 Philippine Seven Corporation 51.56 51.56 51.56 Philippine Seven Corporation Convenience Distribution Corporation 100.00 100.00 100.00 7.80 7.80 - (1) ( ) ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 100.00 100.00 100.00 ( ) 55.00 55.00 55.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) 100.00 100.00 100.00 ( ) ( ) - 81.00 81.00 (5) ( ) ( ) 51.00 51.00 51.00 96 2015 ANNUAL REPORT

104 12 31 103 12 31 103 1 1 ( ) ( ) Presiclerc Limited( ) 100.00 - - (6) 50.00 - - (7) 100.00 100.00 100.00 ( ) ( ) 92.33 92.33 90.80 50.00 50.00 50.00 (7) (1) 103 2 7.8% 92.2% 100% (2) 103 1 (3) (4) 104 11 PCSC (Vietnam) Supermarket Ltd. (5) 104 3 19 (6) 104 12 (7) 50% 104 12 50% 104 12 3. 4. 5. 6. 2015 ANNUAL REPORT 97

( ) 1. (1) (2) (3) (4) 2. (1) A. B. C. (2) (3) (4) ( ) 1. (1) (2) (3) (4) 98 2015 ANNUAL REPORT

2. (1) (2) (3) (4) ( ) ( ) 1. 2. ( ) 1. 2. ( ) ( ) 1. 2. (1) (2) (3) 2015 ANNUAL REPORT 99

3. (1) (2) (3) ( ) ( ) ( ) 1. 2. ( ) - 1. 20 % 2. 3. 4. 100 2015 ANNUAL REPORT

5. 6. 7. 8. ( ) - ( ) 1. 2. 3. 4. 8 : 4 50 3 8 2 15 2 28 2015 ANNUAL REPORT 101

( ) ( ) ( ) 28 50 ( ) 1. 15 30 2. 3 6 3. ( ) 1. 2. 3. ( ) ( ) 1. 2. (1) 102 2015 ANNUAL REPORT

(2) A. ) B. C. 3. 12 4. ( ) 1. 2. 10% 10% 3. ( ) 4. 2015 ANNUAL REPORT 103

( ) 1. 2. 3. ( ) ( ) 104 12 31 103 12 31 103 1 1 $ 1,031,565 $ 963,089 $ 1,076,203 7,471,302 8,102,167 7,858,340 10,015,833 6,311,878 4,991,960 4,471,614 6,073,663 6,309,016 $ 22,990,314 $ 21,450,797 $ 20,235,519 1. 2. - ( ) - 104 12 31 103 12 31 103 1 1 - $ 5,616,875 $ 6,534,175 $ 6,930,551 3,511 1,288 1,201 $ 5,620,386 $ 6,535,463 $ 6,931,752 104 103 $42,249 $41,125 104 2015 ANNUAL REPORT

( ) 104 12 31 103 12 31 103 1 1 $ 4,512,401 $ 4,369,245 $ 3,885,938 ( 88,656 ) ( 102,297 ) ( 80,000 ) ( 128,880 ) ( 118,477 ) ( 102,384 ) $ 4,294,865 $ 4,148,471 $ 3,703,554 1. 2. 104 12 31 103 12 31 103 1 1 90 $ 101,639 $ 121,247 $ 58,543 91-180 17,842 14,323 4,192 181-365 3,426 4,475 7,727 386-2,740 $ 123,293 $ 140,045 $ 73,202 3. : (1) 104 12 31 103 12 31 103 1 1 $128,880$118,477 $102,384 (2) : 104 103 1 1 $ 118,477 $ 102,384 12,498 2,976 ( 2,095 ) - - 13,117 12 31 $ 128,880 $ 118,477 ( ) 104 12 31 $ 77,729 $ - $ 77,729 11,650,678 ( 177,854 ) 11,472,824 $ 11,728,407 ($ 177,854 ) $ 11,550,553 103 12 31 $ 113,177 $ - $ 113,177 10,762,946 ( 103,585 ) 10,659,361 $ 10,876,123 ($ 103,585 ) $ 10,772,538 103 1 1 $ 154,024 $ - $ 154,024 9,920,985 ( 77,535 ) 9,843,450 $ 10,075,009 ($ 77,535 ) $ 9,997,474 2015 ANNUAL REPORT 105

104 103 $ 137,385,989 $ 135,932,281 74,269 26,050 1,503,281 1,582,104 236,911 239,097 $ 139,200,450 $ 137,779,532 ( ) - 104 12 31 103 12 31 103 1 1 $ 265,606 $ 265,606 $ 265,606 42,230 42,448 65,164 199,626 199,521-507,462 507,575 330,770 415,667 490,533 534,429 $ 923,129 $ 998,108 $ 865,199 1. 104 103 ($74,866) ($66,394) 2. ( ) - 1. 2. 104 12 31 103 12 31 103 1 1 ( ) 104 12 31 103 12 31 103 1 1 $ 5,078,101 $ 5,021,414 $ 5,072,795 2,018,057 1,224,548 1,326,105 910,037 872,213 821,838 457,066 468,111 441,000 97,015 113,661 121,352 58,592 57,142 54,094 8,618,868 7,757,089 7,837,184 104 12 31 103 12 31 103 1 1 $ 1,495,870 $ 1,092,095 $ 849,450 407,163 352,169 308,716 76,734 208,056 78,722 1,979,767 1,652,320 1,236,888 $ 10,598,635 $ 9,409,409 $ 9,074,072 106 2015 ANNUAL REPORT

1. : (1) 104 103 $ 177,032 $ 163,814 (2) 104 103 $ 1,032,126 $ 723,782 ( ) 1. 104 1 1 $ 2,026,495 $ 4,271,693 $ 4,895,140 $ 18,918,874 $ 11,523,905 $ 6,233,524 $ 47,869,631 - ( 1,331,990 ) ( 2,894,871 ) ( 11,678,597 ) ( 6,385,639 ) ( 3,471,243 ) ( 25,762,340 ) $ 2,026,495 $ 2,939,703 $ 2,000,269 $ 7,240,277 $ 5,138,266 $ 2,762,281 $ 22,107,291 104 1 1 $ 2,026,495 $ 2,939,703 $ 2,000,269 $ 7,240,277 $ 5,138,266 $ 2,762,281 $ 22,107,291 226,693 42,295 665,350 1,588,616 1,595,516 2,108,033 6,226,503 - ( 211 ) ( 71,826 ) ( 113,750 ) ( 225,920 ) ( 24,160 ) ( 435,867 ) - ( 233,326 ) 61,286 236,537 136,800 ( 475,073 ) ( 273,776 ) - ( 166,604 ) ( 556,887 ) ( 2,166,047 ) ( 1,161,359 ) ( 1,018,667 ) ( 5,069,564 ) - - - ( 146,253) 234 ( 6,180 ) ( 152,199 ) ( 3,600 ) ( 499 ) ( 414 ) ( 34,411 ) ( 12,262 ) ( 11,826) ( 63,012 ) 12 31 $ 2,249,588 $ 2,581,358 $ 2,097,778 $ 6,604,969 $ 5,471,275 $ 3,334,408 $ 22,339,376 104 12 31 $ 2,249,588 $ 4,038,997 $ 5,459,989 $ 18,713,302 $ 12,242,425 $ 7,556,878 $ 50,261,179 - ( 1,457,639 ) ( 3,362,211 ) ( 12,108,333 ) ( 6,771,150 ) ( 4,222,470 ) ( 27,921,803 ) $ 2,249,588 $ 2,581,358 $ 2,097,778 $ 6,604,969 $ 5,471,275 $ 3,334,408 $ 22,339,376 103 1 1 $ 2,035,673 $ 4,334,528 $ 4,633,341 $ 18,193,033 $ 10,635,798 $ 5,092,910 $ 44,925,283 - ( 1,240,982 ) ( 2,615,017 ) ( 11,358,096 ) ( 5,997,163 ) ( 2,794,478 ) ( 24,005,736 ) $ 2,035,673 $ 3,093,546 $ 2,018,324 $ 6,834,937 $ 4,638,635 $ 2,298,432 $ 20,919,547 103 1 1 $ 2,035,673 $ 3,093,546 $ 2,018,324 $ 6,834,937 $ 4,638,635 $ 2,298,432 $ 20,919,547-42,266 408,036 2,437,210 1,581,549 1,625,282 6,094,343 ( 6,782 ) ( 7,725 ) ( 20,021 ) ( 66,653 ) ( 119,840 ) ( 8,674 ) ( 229,695 ) ( 3,988 ) ( 13,457 ) 98,195 149,800 127,447 ( 382,299 ) ( 24,302 ) - ( 176,948 ) ( 506,053 ) ( 2,099,654 ) ( 1,143,298 ) ( 813,711 ) ( 4,739,664 ) - - - ( 29,451 ) 586 ( 2,857 ) ( 31,722 ) 1,592 2,021 1,788 14,088 53,187 46,108 118,784 12 31 $ 2,026,495 $ 2,939,703 $ 2,000,269 $ 7,240,277 $ 5,138,266 $ 2,762,281 $ 22,107,291 103 12 31 $ 2,026,495 $ 4,271,693 $ 4,895,139 $ 18,918,874 $ 11,523,905 $ 6,233,525 $ 47,869,631 - ( 1,331,990 ) ( 2,894,870 ) ( 11,678,597 ) ( 6,385,639 ) ( 3,471,244 ) ( 25,762,340 ) $ 2,026,495 $ 2,939,703 $ 2,000,269 $ 7,240,277 $ 5,138,266 $ 2,762,281 $ 22,107,291 2. ( ) 3. 2015 ANNUAL REPORT 107

( ) 104 1 1 $ 902,270 $ 300,699 $ 1,202,969-228,057 228,057 - ( 14,757 ) ( 14,757 ) 12 31 $ 902,270 $ 513,999 $ 1,416,269 103 1 1 $ 898,282 $ 259,243 $ 1,157,525 3,988 56,962 60,950 - ( 15,506 ) ( 15,506 ) 12 31 $ 902,270 $ 300,699 $ 1,202,969 104 12 31 103 12 31 103 1 1 $2,020,978,767 $2,259,829,661 2% 2.63% ( ) 104 12 31 103 12 31 103 1 1 $ 600,546 $ 654,062 $ 639,385 393,414 405,256 494,967 156,954 138,187 69,770 $ 1,150,914 $ 1,197,505 $ 1,204,122 1. 2. ( ) ( ) 104 12 31 103 12 31 103 1 1 $ 2,320,964 $ 2,252,294 $ 2,065,253 294,261 393,173 475,446 42,230 55,616 62,196 96,500 117,149 144,801 $ 2,753,955 $ 2,818,232 $ 2,747,696 ( ) 1. 104 103 $456,375 $343,770 104 103 $ - $ - $ 4,279 $ - - - 100,000-289,691-116,118-14,485-91,651-152,199-31,722 - $ 456,375 $ - $ 343,770 $ - 2. 108 2015 ANNUAL REPORT

( ) 104 12 31 $ 2,404,299 0.9% 6.05% 50,000 1.23% $ 2,454,299 103 12 31 $ 1,555,957 1.05% 6.3% 100,000 1.23% 1.24% $ 1,655,957 103 1 1 $ 1,873,785 1.90% 6.44% ( ) 104 12 31 103 12 31 103 1 1 $ 8,375,014 $ 8,054,655 $ 8,223,020 3,968,227 3,765,402 3,385,698 1,513,759 1,253,591 1,072,447 891,043 1,028,465 1,024,144 776,089 789,275 706,715 729,214 579,502 608,066 684,172 700,330 482,557 225,058 164,556 148,123 4,365,676 3,591,717 3,217,353 $ 21,528,252 $ 19,927,493 $ 18,868,123 ( ) 104 12 31 103 12 31 103 1 1 $ 1,098,233 $ 1,072,486 $ 1,025,008 ICASH 765,642 670,317 685,192 436,648 348,438 305,196 407,205 443,503 492,299 223,016 232,291 208,922 130,357 166,397 371,682 700,805 697,448 598,261 $ 3,761,906 $ 3,630,880 $ 3,686,560 2015 ANNUAL REPORT 109

( ) 104 12 31 0.983% 1% $ 513,818 2.225% 2.385% 249,063 762,881 ( 97,970 ) $ 664,911 103 12 31 1.08% 1.58% $ 752,752 2.345% 2.525% 275,857 1,028,609 ( 98,568 ) $ 930,041 103 1 1 0.79% 1.981% $ 1,855,513 2.355% 2.94% 246,394 2,101,907 ( 275,522 ) $ 1,826,385 1. 2. 104 12 31 103 12 31 103 1 1 $8,407,408$7,096,571 $10,629,928 ( ) 104 12 31 103 12 31 103 1 1 $ 4,105,592 $ 3,764,538 $ 3,580,835 3,055,919 2,771,917 2,598,609 361,752 352,210 336,714 179,689 113,704 169,074 7,642 38,256 79,767 191,690 204,051 121,820 $ 7,902,284 $ 7,244,676 $ 6,886,819 ( ) 1. 94 7 1 6 15 ( ) 15 45 2%~9% Philippine Seven Corporation 110 2015 ANNUAL REPORT

(1) 104 12 31 103 12 31 103 1 1 ($ 6,628,994 ) ($ 6,172,203 ) ($ 5,811,256 ) 2,523,402 2,407,665 2,230,421 ($ 4,105,592 ) ($ 3,764,538 ) ($ 3,580,835 ) (2) 104 1 1 ($ 6,172,203 ) $ 2,407,665 ($ 3,764,538 ) ( 100,396 ) - ( 100,396 ) ( ) ( 128,274 ) 51,276 ( 76,998 ) 5,395-5,395 ( 6,395,478 ) 2,458,941 ( 3,936,537 ) ( ) - 11,927 11,927 ( 36,962 ) - ( 36,962 ) ( 325,477 ) - ( 325,477 ) ( 9,180 ) - ( 9,180 ) ( 371,619 ) 11,927 ( 359,692 ) - 181,028 181,028 138,103 ( 128,494 ) 9,609 138,103 52,534 190,637 12 31 ($ 6,628,994 ) $ 2,523,402 ($ 4,105,592 ) 103 1 1 ($ 5,811,256 ) $ 2,230,421 ($ 3,580,835 ) ( 103,238 ) - ( 103,238 ) ( ) ( 121,540 ) 51,511 ( 70,029 ) 2,694-2,694 ( 6,033,340 ) 2,281,932 ( 3,751,408 ) ( ) - 11,275 11,275 ( 177,711 ) - ( 177,711 ) ( 47,551 ) - ( 47,551 ) ( 24,840 ) - ( 24,840 ) ( 250,102 ) 11,275 ( 238,827 ) - 211,777 211,777 111,239 ( 97,319 ) 13,920 111,239 114,458 225,697 12 31 ($ 6,172,203) $ 2,407,665 ($ 3,764,538 ) (3) 19 142 104 12 31 103 12 31 2015 ANNUAL REPORT 111

(4) 104 103 1.50% 2.00% 4.00% 3.00% 0.25% 0.25% 0.25% 0.25% 104 12 31 ($ 224,656 ) $ 214,952 $ 231,373 ($ 221,647 ) 103 12 31 ($ 161,638 ) $ 279,052 $ 275,836 ($ 159,721 ) (5) 105 $150,475 (6) 104 12 31 9~16 1 $ 107,228 1-2 223,958 2-5 838,269 5 8,892,490 $ 10,061,945 2. 94 7 1 6% (1) 104 103 14% 22% 15% 22% (2) 104 103 $811,949 $704,506 ( ) 104 12 31 $10,500,000 1,050,000 $10,396,223 10 1,039,622,255 ( ) 112 2015 ANNUAL REPORT

( ) 1. 10% 50% 100% 50% 100% 2. 3. 4. 104 6 18 103 6 19 103 102 : 103 102 ( ) ( ) $ 891,124 $ 561,629-7,277,356 $ 7.00 5,354,055 $ 5.15 - - - 883,679 0.85 481,207 323,587 160,402 107,862 5. 105 3 16 104 104 ( ) $ 823,899-7,485,280 $ 7.20 443,949 148,322 6. ( ) ( ) ( ) 104 1 1 $ 216,347 $ 492,087 $ 708,434 - ( 74,866 ) ( 74,866 ) - ( 27,312 ) ( 27,312 ) - ( 6,699 ) ( 6,699 ) ( 14,933 ) - ( 14,933 ) 7,912-7,912 12 31 $ 209,326 $ 383,210 $ 592,536 2015 ANNUAL REPORT 113