PHILIPPINE SEVEN CORPORATION - Mandaluyong City, Philippines

Philippine Seven Corporation ("PSC") was registered with the Securities and Exchange Commission (SEC) on November 1982. It acquired from Southland Corporation (now 7-Eleven Inc.) of Dallas, Texas the license to operate 7-Eleven stores in the Philippines in December 13, 1982. Operations commenced with the opening of its first store in February 29, 1984 at the corner of Kamias Road and EDSA Quezon City, Metro Manila. Considering the country's economic condition at that time, the company grew slowly in its first year of existence.