No Yes

CR03415-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 20152. SEC Identification Number

1432123. BIR Tax Identification No.

000-083-856-0004. Exact name of issuer as specified in its charter

GINEBRA SAN MIGUEL INC.5. Province, country or other jurisdiction of incorporation or organization

Philippines6. Industry Classification Code(SEC Use Only)

7. Address of principal office

3rd and 6th Floors, San Miguel Properties Centre, St. Francis Street, Ortigas Center,Mandaluyong CityPostal Code1550

8. Issuer's telephone number, including area code

(+632) 841-51009. Former name or former address, and former fiscal year, if changed since last report

N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding

COMMON 286,327,841

PREFERRED 32,786,885

11. Are any or all of registrant's securities listed on a Stock Exchange?

If yes, state the name of such stock exchange and the classes of securities listed therein:

PHILIPPINE STOCK EXCHANGE - Common12. Indicate by check mark whether the registrant:

No Yes

No Yes

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunderor Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of theCorporation Code of the Philippines, during the preceding twelve (12) months (or for such shorterperiod that the registrant was required to file such reports)

(b) has been subject to such filing requirements for the past ninety (90) days

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporatedisclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange,and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly tothe Corporate Information Officer of the disclosing party.

Ginebra San Miguel, Inc.GSMI

PSE Disclosure Form 17-2 - Quarterly ReportReferences: SRC Rule 17 and

Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Mar 31, 2015

Currency (indicateunits, if applicable) Php (in thousands)

Balance Sheet

Period Ended Fiscal Year Ended (Audited)

Mar 31, 2015 Dec 31, 2014

Current Assets 8,584,441 8,522,858

Total Assets 17,885,561 17,951,691

Current Liabilities 12,716,762 12,747,871

Total Liabilities 13,265,799 13,309,504

RetainedEarnings/(Deficit) 4,534,436 4,563,358

Stockholders' Equity 4,619,762 4,642,187

Stockholders' Equity - Parent 4,374,194 4,291,029

Book Value per Share 14.48 14.55

Income Statement

Current Year (3 Months)

Previous Year (3 Months) Current Year-To-Date Previous Year-To-Date

Operating Revenue 3,594,075 3,461,694 3,594,075 3,461,694

Other Revenue 17,000 893 17,000 893

Gross Revenue 3,611,075 3,462,587 3,611,075 3,462,587

Operating Expense 3,433,176 3,347,690 3,433,176 3,347,690

Other Expense 135,862 184,799 135,862 184,799

Gross Expense 3,569,038 3,532,489 3,569,038 3,532,489

Net Income/(Loss)Before Tax 42,037 -69,902 42,037 -69,902

Income Tax Expense 16,759 -13,432 16,759 -13,432

Net Income/(Loss) AfterTax 25,278 -56,470 25,278 -56,470

Net Income AttributabletoParent Equity Holder

-6,027 -42,183 -6,027 -42,183

Earnings/(Loss) PerShare(Basic)

-0.14 -0.35 -0.14 -0.35

Earnings/(Loss) PerShare(Diluted)

-0.14 -0.35 -0.14 -0.35

Other Relevant Information

Income Statement shown above is for continuing operations only. Please see attached GSMI's Quarterly Report (SECForm 17-Q) for the period ended March 31, 2015.

Filed on behalf by:

Name Conchita Jamora

Designation General Counsel and Assistant Corporate Secretary