GY Real Estate, Inc.

The GY Real Estate, Inc. (GYREI), a subsidiary of the National Development Company, was organized in 1973 under the Corporation Law of the Philippines and was registered with the Securities and Exchange Commission on February 1, 1974 under Registry Number 54511.

The Company was created to acquire, buy, sell, exchange, manage, improve, lease, or otherwise deal in real property.

With the termination of the American Parity Agreement on July 3, 1974, Goodyear Phils., Inc. (GPI) (formerly Goodyear Tire and Rubber Company of the Philippines, Ltd.) donated 60 per cent of its undivided interest, right and title to its two parcels of land to the National Development Company (NDC) on May 26, 1975. On the same day, NDC and GPI entered into a Deed of Transfer and Conveyance and conveyed these two parcels of land to the GYREI for a 60 per cent and 40 per cent undivided interest, respectively, in exchange for fully paid shares of stock of the Company.

Not Applicable

Not Applicable

Not Applicable