(1) The company’s external and internal communications policies and how frequently they are reviewed. Disclose who reviews and approves major company announcements. Identify the committee with this responsibility, if it has been assigned to a committee:

External and internal policies are all in accordance with the Company’s By-Laws, Manual on Corp. Governance and Company Policy Manual. The Corporate Secretary is responsible for reviewing the company disclosures, getting approval from the President or Chairman for the release of such disclosures to the public.

(2) The company’s investor relations program including its communications strategy to promote effective communication with its stockholders, other stakeholders and the public in general. Disclose the contact details (e.g. telephone, fax and email) of the officer responsible for investor relations:

Objectives

• Timely disclosures of material information to stakeholders.
• Disclosures of annual and quarterly financial performance.

Principles

Timely and accurate disclosure of material and relevant information to shareholders.

Modes of Communications

Company website and telephone lines.

Investors Relations Officer

No designated officer as such. However, the following officers can be contacted:

• Georgina A. Monsod, SVP/Treasurer/Compliance Officer
• Araceli C. Molina, Chief Finance Officer
• Delfin P. Angcao, Corporate Secretary

(3) What are the company’s rules and procedures governing the acquisition of corporate control in the capital markets, and extraordinary transactions such as mergers, and sales of substantial portions of corporate assets?

Legal and regulatory requirements of SEC and PSE will be followed in case of such events.

Name of the independent party the board of directors of the company appointed to evaluate the fairness of the transaction price.

No such events took place. The Company is open to hire external assistance for due diligence.