Amid an increasingly competitive environment, your company hurdled the challenges of the past year to firm up its position at the front line of the property industry. It set itself apart with a commendable earnings performance and a firm dedication to quality that earned it the upgraded ISO 9001:2000 certification by year end.

Message to Stockholders

Exchange: Philippines Stock Exchange

Stock Symbol: MEG

Date of Listing: June 15, 1994

Outstanding Shares:
10,655,558,501 shares
(as of December 31, 2005)

Stock Transfer Agent:
Bank of the Philippine Islands
Stock Transfer Agency
4/F BPI Building
Ayala Avenue corner Paseo de Roxas
Makati City 1226
Philippines
Tel: [63] 2-816-9067 to 68
Fax: [63] 2-845-5515

The Andresons Group, Inc. and other Non-Public Shareholders 63.30% Public 36.40% TOTAL 100.0%