News Release

Cisco and Greenfield Development Corp pioneer Smart+Connected Communities in the Philippines

MANILA, Philippines - June 14, 2010 - Cisco and Greenfield
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Jun 16, 2010

MANILA, Philippines - June 14, 2010 - Cisco and Greenfield Development Corp. will collaborate on building connected communities by integrating smart building and internet technologies within Twin Oaks Place, the Greenfield District along Shaw Boulevard.

Twin Oaks Place is the first future-ready residential tower in the Philippines and is a project set to reinvent the face of urban landscape and redefine cosmopolitan living in the 21st century.

As part of its Smart+Connected Communities initiative towards helping build social, economic and environmentally sustainable cities of the future, this collaboration represents the first Cisco Smart+Connected Real Estate engagement in the Philippines and will include a future-ready Internet Protocol based building infrastructure making it a flagship "Connected Home" project in Philippines.

Twin Oaks Place is a 43-storey condominium development on a 2,599-square-meter lot to be developed by Greenfield Development Corp., one of the major property developers in Philippines.

This follows previously announced plans by Greenfield Development Corp. to incorporate fiber-optic technology into its upcoming real estate projects, which will provide high-speed Internet access to residential and commercial units within the 10.5-hectare Greenfield District in Mandaluyong City.

Cisco's Smart+Connected Communities is a global initiative using the network as the platform for integrated city management, better quality of life for citizens, and economic development. Through the Smart+Connected Communities initiative, Cisco believes that the network can be the platform for transforming communities, cities and countries and drive overall sustainability – economic, social and environmental. Bringing together a broad portfolio of products, services, partners and solutions across Cisco, the initiative is focused on intelligent, sustainable solutions for public safety and security, transportation, buildings, utilities, healthcare and education.

About Greenfield Development Corporation

One of Philippine's most diversified real estate companies, Greenfield Development Corporation is rapidly expanding through aggressive development in the areas of industrial, commercial, residential, recreational and infrastructure projects. With its 30-year history of stability, reliability and relentless pursuit for excellence, Greenfield Development Corporation, through the numerous peaks and troughs of the property business cycle, has stood firmly on solid ground. Anchored by vast landholdings, financial strength, strategic alliances and supported by world-renowned consultants and a dedicated team of professional managers and associates, Greenfield has provided the foundation for some of the Philippines' most innovative projects. Setting its sights towards an even grander future, Greenfield has tapped the services of internationally recognized names in urban planning and development to build a modern and intelligent CBD in Mandaluyong and Sta.Rosa, Laguna that measure up, if not surpass, the best in the world. These continuing landmark projects manifest Greenfield's vision of a world-class Philippine community. For more info, please visit http://www.greenfield.com.ph/.

About Greenfield District – Twin Oaks Place

Twin Oaks Place, the first future-ready home with complete amenities and state-of-the-art fiber-optics and wireless backbone that will allow residents to enjoy a host of smart building technologies and conveniences. These features run the range of possible technological developments, from remote-controlled entry and climate control, to built-in web servers and video-conferencing capabilities, a line-up of optional home appliances that can be fully customized by the residents as they see fit. A project that can truly claim to being at the heart of the Metro, the development promises to reinvent the face of the urban landscape and redefine cosmopolitan living. Live a Connected Life at Twin Oaks Place! For more info, please visit http://www.twinoaksplace.com.ph/about_top.html