A BROWN COMPANY, INC. - Cagayan de Oro, Philippines

A Brown Company, Inc. (BRN) was originally incorporated on December 31, 1966 as Bendana, Brown, Pizarro & Associates, Inc., and later renamed on October 01, 1992 as Epic Holdings Corporation. In June 1993, the Securities and Exchange Commission approved the plan of merger between Brown Chemical Corporation, Brown Chemical Sales Corporation and Epic Holdings, with Epic Holdings as the surviving entity. The merged company was renamed to its current corporate name a month later. BRN serves as the holding company of the Brown Group of Companies. BRN is primarily engaged in the business of real estate development. Its primary focus are the real estate projects located in Cagayan de Oro City, Cainta, Rizal and Valencia City, Bukidnon. The company, through its subsidiaries, has also ventured  

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into oil palm nursery and seedlings distribution, palm oil milling, operation of apartelles and real estate brokerage. BRN's subsidiaries consist of A Brown Energy and Resources Development, Inc., Brown Resources Corporation, Andesite Corporation, Bonsai Agri Corporation, Nakeen Corporation, and Masinloc Consolidated Power, Inc. The company also has an investment in Monte Oro Resources & Energy, Inc. Source: SEC Form 17-A (2008)