SHAREHOLDING STRUCTURE

(listed on the Philippine Stock Exchange)
			Market cap of Php10.1 billion (~US$224 million)
					42.14% Ramos Group
(Alakor Corporation, Anglo Philippine Holdings Corporation and National Book Store)
Investment vehicles of the Ramos family
					34.05% SM Group
(“SMIC” and “BDO”)
Conglomerate involved in retail and mall operations, property development, hotels & convention business and banking
					23.81% Others

Carmen Copper Corporation
	(Operator of Toledo Copper Mine)
Carmen is supported by investors with a long Philippines resource sector track record and a robust financial position
