Press Releases

(Pasay City, Philippines) Belle Corporation’s Board of Directors approved on January 27, 2015 the declaration of a special cash dividend of Eighteen Centavos (Php 0.18) per share, for a total special dividend payment to its common shareholders of approximately Php 1.9 billion, payable on 9 March 2015 to shareholders of record as of 10 February 2015. In the same meeting, the Board of Directors also approved a Share Buyback Program, whereby the Company’s management was given authority to buy into its treasury Belle Corporation shares up to a total cost of Php 1 billion. Belle’s principal assets include land and buildings located at PAGCOR Entertainment City in Paranaque City, which are being leased on a long-term basis to Philippine entites controlled by Melco Crown Entertainment Ltd. (MCE). This property is the site of the City of Dreams Manila gaming and resort operations, which encompasses 6.2 hectares of land and more than 30 hectares in building gross floor area. Belle realized revenues from the lease to MCE of approximately Php 1.3 billion during 2013, and more than Php 1.2 billion during the first nine months of 2014. Belle will also be realizing a share in earnings from City of Dreams’ gaming operations through its 78.7%-owned subsidiary, Premium Leisure Corporation (PLC), which has an operating agreement with MCE. City of Dreams Manila soft-opened on December 14, 2014 and scheduled its grand launch on February 2, 2015. It includes approximately 2 hectares of gaming space, more than 900 hotel rooms operated under three hotel brands (namely Crown, Hyatt and Nobu), the DreamPlay indoor amusement park, and approximately 2 hectares of restaurant and retail space. Belle also owns significant real estate assets in and around Tagaytay City, a temperate mountain resort about 90 minutes south of Manila overlooking scenic Taal Lake and Mount Makiling. These assets consist of premium residential properties for sale and approximately 800 hectares of land held for future development, which are near two exclusive world-class golf clubs and one country club built by the Company.

Own a premium mountain leisure escape offering spectacular views of the Taal Lake Volcano and the breathtaking mountain range. Situated over 165-195 meters above sea level and on a lush land area, Sycamore Heights is a premier private and exclusive Asian contemporary themed residential development of Tagaytay Highlands. Engulfed with scenic views of Taal Lake and Volcano, Midlands Fairways and the beautiful mountain range, this leisure community dedicates 40 percent to open spaces and leisure amenities like the Central Park, Lounge Garden, Tree Houses and Bird Watch Park, among others. With its exclusive address comes the best that Tagaytay living has to offer. Distanced from the hustle and bustle of Tagaytay’s booming commercial district, Sycamore Heights affords residents with their dreams of privacy and peace. Experiencing nature – both in out of your home – is another perk. Natural materials are encouraged to be used in each Asian contemporary – inspired home as well as a free flowing lay-out to instantly invite the outdoors in. With balconies, lanais, and windows that double as walls, you make fresh mountain air, sunlight, and Tagaytay’s stunning views constants in your everyday life. Imagine waking up to an eyeful of the Midlands Fairways and Golf Course to the north, the gorgeous mountainside to the east and west, the blue lake waters to the south, and the famous Taal Volcano to the southwest ! Appropriately, the place that envelopes you in all this natural and man-made beauty knows how to care for it too. Each year Tagaytay Highlands observes One Tree At a Time, a tree-planting initiative wherein thousands of tree saplings are planted around the grounds of the sprawling leisure complex. To date more than 400,000 trees have been planted since 1994.By: Philippine Star, Business Section Every Sycamore Heights property comes with membership rights to The Country Club at Tagaytay Highlands, where upscale amenities at the Tagaytay Highlands Golf and Country Clubs (like a ride on the country’s first and only Swiss cable car system and pampering treatments courtesy of The Spa and Lodge) await the privileged. Indeed this is laidback living at its finest, but in case you find yourself missing some creature comforts of city life, Sycamore Heights has that covered. All homes are equipped with underground utilities, 100 percent emergency back-up power independent and unlimited water supply and access to WiFi Internet broadband network. Tagaytay Highlands also has its own firefighting team, 24-hour medical service, and round-the-clock security at its disposal. Sycamore Heights at Tagaytay Highlands is a leisure lot development of the SM Group of Companies.